Even if you don’t have any loans or debts, having a credit card might be enough to significantly reduce your borrowing capacity. The reason why a credit card can be a hindrance to your ability to borrow money, is that lenders assess your credit card on the overall limit, not on how much you currently…
Arguably, the most important element of the property journey is obtaining finance. One of the most confusing parts of the process for first home buyers is the difference between the various types of approvals. Most commonly, when you are looking to obtain finance to purchase a home, there will be two separate approvals that you’re…
House prices across the country continue to rebound, with the latest data showing that values are trending higher across all the capital cities in Australia. When COVID-19 first hit in Australia in March 2020, media pundits and even the big banks predicted price falls of more than 30%. However, since the 100th case of COVID-19…
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…
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…
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…
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…
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…
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 centered 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…