Although credit card interest rates are generally higher, a credit card debt can be short term and doesn’t necessarily mean interest charges - if you pay the balance you owe oﬀ in full each month. However some of us don’t use them like that. Here are some good reasons to rethink how you use them – or whether you use them at all.
According to a recent Household Financial Comfort Report more Australians are feeling strapped for cash and are being forced to dip into their savings to cover the rising cost of living. Perhaps you have been making additional mortgage payments to help you manage the ups and downs of life’s expenses and drawing on them when life gets tough or your circumstances change.
We recently chatted to a client who has been investing in residential property for over 25 years. We asked her “What do you know NOW that you wish you knew BEFORE you started investing?” In fact she listed over 20 tips! We thought we would share with you her top seven insights.
With a generation of baby boomers entering retirement there is no end of information on downsizing a home. On the other hand, for a generation of homeowners with entirely different needs what do YOU need to know when it comes to upsizing your home?
Many property owners sell their existing property to purchase a new property at some point in their lives. In a perfect world, the sale of one and purchase of the other will happen in a smooth, seamless sequence. In reality it doesn’t always happen like that!
We’ve all seen the headlines – ‘Housing affordability crisis’, ‘Will Gen Y ever own a home?’, ‘Young buyers turn to bank of mum and dad’ etc. Yet despite media reports of an ’affordability crisis’ in the Australian housing market, recent research shows that one in every five Australians owns an investment property – an increase of 3% since 2015.