Why Australians’ Borrowing Power May Soon Get a Boost To ease cost of living pressures, the Australian government announced tax cuts for 13.6 million taxpayers and rebates for households. While beneficial, these cuts may impact borrowing power and create opportunities for first home buyers. A Boost from the Budget Treasurer Jim Chalmers announced…
5 Ways to Reduce Taxable Income and Keep More Money in Your Pocket With the high cost of living, many Australians seek ways to keep more money and reduce taxable income. As tax season nears, explore strategies to cut tax liabilities. Discover six effective methods to save money while staying compliant with Australian tax laws.…
Understanding Borrowing Capacity Before house hunting, knowing how much you can borrow from your lender is beneficial. Your borrowing capacity is the amount a lender will lend you to buy a property. It sounds simple but it’s not. All kinds of factors determine the amount a lender comes up with, and your loan amount can…
Time to Kick These Bad Money Habits It’s no secret that good financial habits are an essential part of financial success. Learning to spend and save mindfully improves your financial situation and also helps you reach your financial goals sooner while avoiding unnecessary debt. If bad money habits are holding you back from achieving financial…
Making Your Savings Work For You With higher interest rates than everyday transactional accounts, and the ability to withdraw funds when needed, a savings account is a good way to grow your savings faster and reach your savings goals sooner. But, just as it’s important to research and compare home loans, it makes good financial…
Savings Tips For First Home Buyers Every first-home buyer faces the challenge of saving for a deposit that seems out of reach. The harder you try to save, the more distant your goal may appear. But, if you ever want to have a place to call your own, you’ll need to start saving. Here are…
Are You Saving More and Spending Less? The financial impact brought by the pandemic lingered for many individuals and households. Some people maintained the cautious approach to spending and saving that they adopted during the height of the pandemic in 2020 and beyond. The lessons learned during the pandemic about the importance of emergency savings…
How to Navigate Interest Rate Rises As Australian household budgets are stretched further by yet another interest rate rise, some homeowners are looking at ways to cut discretionary spending, while others are considering refinancing their home loans and shifting to lenders offering better deals. With further rate rises likely, now may be the right time…
3 Practical Tips For Getting Your Finances Back on Track A staggering 7.2 million Australians are said to be starting the New Year with a Christmas debt hangover. According to research, one in four Aussies could take up until May to pay back their Christmas debt! If your big Christmas blow-out hit hard in January, it’s…