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First Home Super Saver Scheme

May 21, 2018

The First Home Super Saver (FHSS scheme) was introduced by the Australian Government in the Federal Budget 2017–18 to reduce pressure on housing affordability. The FHSS scheme allows you to save money for your first home inside your superannuation fund. This will help first home buyers save faster with the concessional tax treatment within super. […]

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The Federal Budget 2018 – Will it effect you?

May 10, 2018

FEDERAL Treasurer Scott Morrison has handed down his third Budget. Here’s an overview of all the top points. THE ECONOMY — Budget deficit forecast to drop to $14.5 billion in 2018-19, after hitting $18.2 billion in 2017-18. Projected to hit a positive balance of $2.2 billion in 2019-20, before surpluses increase to $11 billion in […]

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Suburbs where houses grow in value at least $100 a day

April 13, 2018

IMAGINE earning more than $800 a day for doing absolutely nothing. Data from Corelogic reveals house owners in City Beach earned the most money per day in median value growth for their properties over the past year. The oceanside suburb’s median sale price has risen 18.1 per cent to $1.94 million in the 12 months […]

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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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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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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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Improved housing affordability sees flood of Fist Home Buyers

February 11, 2018

Housing affordability has improved while first home buyers enter the market in even greater numbers, according to brand new research. The latest Housing Affordability Report released by the Real Estate Institute of Australia (REIA) in partnership with Adelaide Bank has revealed some positive market trends across the country. The proportion of median family income required […]

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Fewer Aussies are behind on mortgage repayments

January 28, 2018

Despite high household indebtedness, the number of Australians behind on their mortgage repayments has fallen, according to a recent report by ratings agency S&P. Delinquent housing loans underlying prime residential mortgage-backed securities (RMBS) fell to 1.00% in November 2017 from 1.04% the previous month, S&P partly attributed the drop to a continuous increase in outstanding […]

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ASIC provides tips for financial resolutions

January 15, 2018

The financial services regulator is encouraging Australians to start the new year by setting financial goals, listing five tips to help achieve the feat. According to ASIC’s senior executive leader for financial capability, Laura Higgins, one of the most popular New Year’s resolutions is for people to “take control” of their money. However, Ms Higgins highlighted that […]

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Bitcoin, Crypto Currency….so what is it all about?

January 8, 2018

Kochie explains why Bitcoin is one of the ‘craziest invesment fads’ he’s ever heard of! ANSWER this for me. A door-to-door salesman (think Avon, vacuum cleaners, etc) comes to your home and says; “I have a great new product I reckon you’d be interested in. It’s a crypto-currency called Bitcoin. It’s like a normal coin […]

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