Understanding the difference between deductible and non‑deductible debt When planning a property purchase, one of the biggest decisions people face is whether to use their available cash as part of the investment deposit or keep that cash to reduce their owner‑occupied (home) loan. While everyone’s situation is unique, there are several general, non‑advice reasons why…
Using Your Home’s Equity to Build a Property Portfolio in Australia For homeowners in Australia, now might be the perfect time to consider growing a property portfolio. Property values are on the rise and an undersupply of housing is driving up rental prices. Using the equity in an existing property could help you secure a…
Helping Homeowners Navigate Rising Insurance Premiums The Australian Insurance Industry has warned that insurance premiums will continue to rise as the frequency and severity of extreme weather events intensifies due to climate change. As one of the largest drivers of inflation, the sharp rise in home and car insurance premiums is a double whammy for…
Should You Buy Property With Friends? Co-buying property with family or friends in Australia can boost purchasing power and address affordability challenges for first-time buyers. However, it can lead to legal issues and strained relationships. Follow these 3 tips to avoid pitfalls and make co-buying successful. Tip 1: Choose your co-buyer carefully When co-buying with…
5 Inspiring Money Saving Quotes Managing money is an essential skill that can determine the quality of our lives. Though opinions vary on earning, saving, and spending, some key practices can lead to financial stability. One of these is the practice of saving money. Here are 5 money quotes to inspire your saving and investing…
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…
Artificial Intelligence and Financial Scams: Protecting Your Finances AI has the potential to boost productivity, healthcare, and education, but it also brings new challenges and sophisticated financial scams. The first step towards keeping our finances safe is understanding the ways in which AI is being exploited. How AI is being used in financial scams Technology…
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…
Using Your Equity to Grow Your Investment If you’ve paid off part of your mortgage or made improvements to your home that have increased its value, you may have equity that could be used to buy an investment property. Equity is the difference between your home’s current value and what you owe on your mortgage,…