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Archives for October 2017

Have 10 minutes? That’s all you need to improve your finances

We completely understand you’re busy with life. There’s too much to do. Not enough time. You simply could not fit another thing in. But what if taking 10 minutes out of your day to gather a few bits of information - you can even have a cuppa at the same time - meant you could save money? What if spending 10 minutes answering a few questions about your financial situation meant you could take your family on a holiday this year?  Or it allowed you to treat the kids (and yourself) to … [Read more...]

Switching from Interest Only to Principal & Interest Repayments can be a good move, especially if you’ve considered these things as part of your strategy

Choosing Interest Only over Principal & Interest repayments on your home loan used to be an easy decision. Interest Only repayments offered flexibility, the ability to pay your loan off on your own terms and you weren't charged a higher rate of interest for the privilege. If you’ve been keeping up with what’s been happening lately, you'd know the lending environment has significantly changed and Interest Only repayment loans aren't what they used to be. Lately we've been talking to … [Read more...]

Buy your first home without a large cash deposit. Here’s how you can do it too.

If you're having trouble saving enough money to buy your first home, maybe there's another way... You’ve been working for a while now and earn a good income. But between paying off your HELP debt, meeting your rent and having the odd weekend away (to attend yet another wedding), you’re finding it hard to save your house deposit. Everything you read says you’re supposed to have 20% deposit and as house prices continue to rise, with each passing month that elusive 20% target seems to get … [Read more...]

RBA Interest Rate Decision: October 2017

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Here's an extract of the Media Release issued by Phillip Lowe. Growth in housing debt has been outpacing the slow growth in household incomes for some time. To address the medium-term risks associated with high and rising household indebtedness, APRA has introduced a number of supervisory measures. Following some tightening in credit conditions, growth in borrowing by investors has slowed a little … [Read more...]

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