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If you are paying interest on a Depreciating asset you are going broke!
- October 18, 2019
- Posted by: formula1
- Category: Bank fees, Brokers, Budget, Enconomy, Finance & accounting, Finance News, Financial goals, Home loan product, House prices, Interest rate, Investment Property, Property Renovation, Rental Property, Uncategorized, Wealth
No CommentsCheck your investment property – If you are paying interest on a Depreciating asset you are going broke! Think about this….using your Net income to pay down an investment mortgage that is not increasing in value – BIG MISTAKE. One of the worst investment strategies you can find yourself in is throwing good money after
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7 tips to get ‘money-savvy’ with millennials
- September 9, 2019
- Posted by: Karen
- Category: Bank fees, Finance & accounting, Financial goals, First Home Buyer, Innovation, Wealth
You may be forgiven for thinking of the millennial generation as financially frivolous given all the headlines on ‘smashed avocado’ – spending money on café breakfasts. Contrary to popular belief, this generation can teach parents and older generations a few money savvy tips. Follow these tips and the banks will love you: If your finances
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Is switching loans a suitable alternative for me?
- October 18, 2017
- Posted by: admin
- Category: Budget, Finance News, Financial goals, Wealth
Your home loan is usually your largest financial commitment. We understand that changes in interest rates can have a big impact on your monthly repayments and how long it takes you to pay off your loan. Switching loans might cost you thousands in early exit fees1 and other required fees, but it could possibly SAVE
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What do YOU know about the Australian lender market?
- October 13, 2017
- Posted by: admin
- Category: Budget, Finance News, Financial goals, Wealth
The ‘Big 4’ banks have maintained a dominant profile in the complex and ever-changing Australian finance market – just think about how often you read about them in the news! And it is this high profile in our everyday lives that has contributed to a perception that all lenders are the same. Is that what
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20% of retirees will run out of money!
- September 22, 2017
- Posted by: admin
- Category: Budget, Finance News, Financial goals, Wealth
Research1 shows about 20% of retirees are spending their super at ‘unsustainable’ levels. What does that mean? It means about one fifth of us will most likely outlive our retirement savings. And… This percentage is predicted to rise as more of us enter retirement! Recent research2 shows 54% of pre-retirees (55 and over) are financially
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Should we stay… or should we go?
- September 12, 2017
- Posted by: admin
- Category: Budget, Finance News, Financial goals, Wealth
There is no end of financial advice on preparing for retirement: superannuation, investments, tax minimisation, age pension eligibility, funding your desired lifestyle – the list goes on. All this advice highlights the importance of planning ahead – the sooner you start the better prepared you will be. Downsizing is on the move Between 2009 and
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Debt Got You Down? Then Take Action Now
- August 7, 2017
- Posted by: admin
- Category: Budget, Finance News, Financial goals, Wealth
A recent survey revealed 41% of Australians have credit card debt and of those nearly 4 million cannot afford to repay it! In addition: • The average Australian household has a debt of around 185% of their annual disposable income1 • Australian households have the fifth highest debt levels in the world with household debt
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Family… to Help or Not to Help?
- February 14, 2017
- Posted by: admin
- Category: Budget, Enconomy, Finance News, Financial goals, Investment Property
Do you have children trying to get into the property market? Are your children wondering if it will ever be possible to buy a property in today’s market? Outgoing Reserve Bank governor Glenn Stevens stated that the only way for young people to get onto the property ladder in Australia’s most heated market – Sydney
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We Spend More Time Choosing Shoes Than a House!
- February 4, 2017
- Posted by: admin
- Category: Enconomy, Financial goals, Investment Property
A recent survey of 2,000 homeowners in Britain found most people spend about the same length of time deciding whether to buy a pair of shoes as they do deciding to make an offer on a house. Similar Australian research shows many people spend 6 to 12 months looking for a property but also act
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The Path to Successful Property Investment
- January 25, 2017
- Posted by: admin
- Category: Enconomy, Financial goals, Investment Property
Property has been considered a popular path to wealth for Australians for many years. It has the potential to generate capital growth (an increase in the value of your asset) as well as rental income. There are also tax advantages associated with negative gearing. However, when buying an investment property it is wise to remember