> Month: February 2018 | Better Choice

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How to cure the Christmas debt hangover

February 27, 2018

The festive season might be a distant memory but many of us will still be paying for it well into the future. According to the Australian Securities and Investment Commission (ASIC), more than a third of us put our Christmas gifts on plastic, racking up an average individual debt of $1,666. The Christmas splurge adds […]

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FIRST HOME BUYERS GRANT…… 1% Deposit, $10K first home buyers grant, free stamp duty AND $2k!

February 23, 2018

Has there been a better time in recent memory for first home buyers to get on the property ladder? Let’s be honest, Perth property has been pretty stagnant for the last few years but there is some distinct signs of life as prices in certain areas start to move. Everyone knows that as a first […]

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What is Financial Stress?

February 22, 2018

Definitions of financial stress are many and varied. One definition could be where a household fails to pay its bills or scheduled debt repayments on time because of a shortage of money. This is quite narrow – it captures only those households for which stress has already manifested in missed payments. A much broader definition […]

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One bedroom v two bedroom apartments – which is better for the first home buyers?

February 18, 2018

It’s a tricky proposition for the first time home buyers – faced with a steep entry point, is it worth stretching the budget even further to get a second bedroom? According to Domain Group data, two-bedroom apartments cost an average of 13 per cent more across Sydney, although this can vary depending on the suburb. […]

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Total housing loans up almost 7% annually

February 11, 2018

Total domestic housing loans across all authorised deposit-taking institutions (ADIs) have risen by $100bn (or 6.9%) to more than $1.55 trillion in the 12 months prior to September 2017. These figures come from the Australian Prudential Regulation Authority (APRA) which examined residential and commercial property exposures as well as new housing loan approvals. The regulator […]

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