Is Now the Time to Consolidate Your Debts?
For most people, December and the holiday period are a time for spending, and unfortunately, it can also lead to overspending. Overspending at this time of year can certainly add to the level of mortgage stress many households are already under, thanks to many purchases ending up on credit cards or even buy now, pay […]
House Prices Close Out 2020 Strongly
Despite the predictions of widespread and dramatic falls in house prices in 2020, it appears the exact opposite has unfolded. The latest data from CoreLogic shows that house prices across the country have finished the year incredibly strong, marked by a 1% increase in home values in the month of December. Annually, house prices across […]
Considering a Payday Loan?
Typically, the holiday period is a time of year where people spend the majority of their money and increase their debts. Come the start of the new year, many people can find themselves struggling with that additional debt burden and often turn to short-term, payday loans to try and help them get by. What is […]
Should you be using Buy Now, Pay Later?
In recent years, one of the biggest changes for consumers has been the move towards ‘buy now, pay later’. In years gone by, most people simply purchased with credit cards, and before that, it was using lay-by. Things have changed dramatically in the past five years and now, we’re seeing more Australians turn to buy […]
Investing with an SMSF
In recent years, Self-Managed Super Funds (SMSF) have grown considerably in popularity, particularly for purchasing both residential and commercial property. SMSF allow people to control their own retirement savings and invest them in the best way they see fit. This is different from traditional superannuation, that is invested by funds on their behalf. While property […]
Considerations for a Construction Loan
Over the past 12 months, homebuyers have been given a host of Government incentives to enter the property market and a large portion of them are centred around building your own home. Both the Federal Government and various State Governments have launched various stimulus packages on the back of COVID-19. The measures were meant to […]
What To Do When Your Mortgage Holiday Ends
It’s been an unusual 12 months across the globe, and this time last year, most people would never have imagined that they would have ever needed a mortgage deferral. In what was a very tricky time for borrowers, banks and lenders stepped up and offered their customers the opportunity to defer their mortgage payments until […]
Is HECS Hurting Your Borrowing Capacity?
The High Education Contribution Scheme (HECS) or Higher Education Loan Program (HELP) is effectively a Government loan that enables people to afford the costs of higher education. The program works by allowing people to pay back their student loans at a time in the future when they are earning enough money to comfortably cover the […]
How To Fix Your Credit
When the time comes to apply for a home loan, banks and lenders are going to look very closely at how you have managed credit in the past. The easiest and most obvious way for them to do this is to look at your credit score, which is a track record of how well you’ve […]
How To Consolidate Debts
If you’ve found yourself spending a little bit too much recently, it might be worth considering some form of debt consolidation. Put simply, consolidating debt means taking out a new loan to pay out your other debts. Ideally, the new loan will come with better terms and a lower interest rate, helping you to […]