There has been a lot of commentary lately about Home Loan rates being as low as 2.99% and with the Reserve Bank to soon meet again, there may be more reductions on the way. Many Mortgage Owners are contemplating ‘fixing’ their loan rates, so it’s important to understand the differences between fixed and variable home […]
Australians are set to lose a record amount to scams in 2019, with projections from losses reported to Scamwatch and other government agencies so far expected to exceed $532 million by the end of the year, surpassing half a billion dollars for the first time. “Many people are confident they would never fall for a […]
The rate cut was made on the basis of two considerations, domestic spare capacity and the trend lower in global interest rates.First, and foremost the decision to cut was made to support employment and income growth. Since the September Board meeting the Q2 National Accounts data showed further weak growth in household income. This is […]
When is the best time to refinance your home loan? As a home owner with a mortgage, chances are you’ve heard of the term ‘refinancing’. Refinancing involves reviewing your current mortgage, and potentially swapping your loan to another lender who can better meet your current needs, wants and circumstances. Refinancing can also allow you to […]
An offer to help you get your superannuation money early might seem like a great idea. But if you agree to it you could end up in a lot of trouble. Accessing your super before age 55 (at the earliest) is illegal except in very limited circumstances. Here we explain how super scams operate so you […]
One of the simplest yet most effective investment scams is the ponzi scheme. The promoter promises investors a return on investment and says it is secure, but there is no real ‘investment’. The promoter convinces people to invest with their scheme. They then use the money deposited by early investors to pay the first ‘dividend’ […]
Should something ever happen to you, personal insurance is there to provide financial security for you and your family. Find out about the insurance options available and some of the things you should think about when it comes to protecting what’s most important to you. Choosing the right insurance Choosing the right type and the right amount […]
Many parents approach the topic of money differently, but could your way of doing things influence your kids’ success? The majority of Aussie mums and dads recognise that they’re accountable when it comes to shaping their children’s perspective around money matters. A recent report published by the Financial Planning Association of Australia (FPA), revealed parents […]
Grow My Wealth | 03 April 2019 Find out how the measures announced in the 2019-20 Federal Budget could affect you Federal Treasurer Josh Frydenberg has handed down the Morrison Government’s first Federal Budget. Among the proposed changes were personal income tax cuts and changes to super rules. Read on for a round-up of the […]
Gift cards are increasingly the payment method of choice for scammers. Scamwatch reports show more than $5 million was lost in 2018, a 38 per cent increase compared with 2017. iTunes cards accounted for $3.1 million in losses — a 156 per cent increase from the $1.23 million reported in 2017. However Scamwatch has also […]
Should I fix my home loan?October 10, 2019 - 2:51 amThere has been a lot of commentary lately about Home Loan rates being as low as 2.99% and with the Reserve Bank to soon meet again, there may be more reductions on the way. Many Mortgage Owners are contemplating ‘fixing’ their loan rates, so it’s important to understand the differences between fixed and variable home […]
Record losses expected as scammers target AustraliansOctober 10, 2019 - 1:04 amAustralians are set to lose a record amount to scams in 2019, with projections from losses reported to Scamwatch and other government agencies so far expected to exceed $532 million by the end of the year, surpassing half a billion dollars for the first time. “Many people are confident they would never fall for a […]