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Category: Finance Related

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Should you INVEST or SAVE? Growing your money in the low-rate environment

Low rates mean those with mortgages may be breathing a sigh of relief, but low interest on savings accounts make it much harder to save and grow your money. Have you checked the amount of interest you’re getting your savings accounts recently? Chances are it’s sitting around 1%. The RBA’s record-low interest rate is designed…
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Are there anyone to blame for millennials’ struggle to buy a first home?

The story says young Australians struggle to buy their first home, while their parents negatively gear investment properties. Are boomers to blame? Or do millennials’ habits keep them from owning property? Baby boomers have a 95% rate of homeownership, whereas, at the bottom of the ladder, millennials are doing it tough. Increasingly they’re relying on…
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What drives RBA’s decision on rates?

The RBA’s decision to hold on interest rates gives us time to take a deeper look at what is going on. After all, there could be further cuts. What drives the decision making? What could send rates lower? To cut or not On the first Tuesday of each month, except January, the RBA board meets…
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Want to pay off your mortgage sooner? Here’s how

It’s a simple equation. Paying down your mortgage sooner can save you thousands of dollars in interest in the long run. Here are some ways to make the most of every dollar while paying off your loan quicker. 1. Increase your repayments… Let’s take a look at repaying a $500,000 home loan, using the mortgage…
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What should you be asking the Agent during open inspections?

If you are buying a new home or investment, chances are you will be attending a lot of open houses and meeting a lot of real estate agents. Asking them the right questions not only shows you are an intelligent & serious buyer but also allows you to obtain the information you need in order…
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The 4 Interest Rate Quadrants

Are you someone who is always chasing for the “lowest possible rate”? Are you someone who is upset because you’re not getting the sharpest rate ever on market? Well, there are various reasons on why you may not be eligible for that “sharpest rate”. That’s why today I want to share my thoughts on why…
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Cross Collaterisation – what is it and who does it benefit the most?

Do you know what Cross Collaterisation is? If you have multiple properties and all loans are with setup by one single lender then chances are, your loans may be cross collaterized. When you purchase a property, you usually would chip is 20% of deposit and borrow 80% as mortgage which is secured against the property…
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5 considerations before becoming A Rentvestor

Rentvesting – renting a property to live in while owning one or more investment properties – is becoming an increasingly popular way for Australians to get a foot on the property ladder. According to Property Investment Professionals of Australia (PIPA)1, 36% of first homebuyers opted to invest in property and continue to rent instead of…
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Are you getting caught out on the latest Credit Reporting changes?

If you applied for a home loan in the current financial environment , your lender would probably assess your application in the context of both your credit score and your credit history – on top of your income, assets, liabilities and living expenses. Your credit score is a number calculated by a credit-reporting agency, which compares…
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How much are lenders passing on the June, July & October rate cuts? (Updated Oct 2019)

A quick snapshot for everyone to show how much lenders are passing on the June, July and October RBA cash rate drop and when are they going to pass this onto their customers! Also interesting enough – here’s how much each lenders have passed in total, which gives you a good idea on who are…
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