Tips to get the best out of your biggest debt

Many Australians spend more time on budgeting for their next holiday, or analysing the health of their internet plan than giving their biggest debt a regular check up.

But with the current sluggish property market, and the lowest uptake of new home loans in recent years, there is no time like the present for borrowers to perform a home loan health check. Continue reading Tips to get the best out of your biggest debt

A portfolio with your first pay packet

Profits and peace of mind await young investors.

Buying a property in your early 20s is one of the smartest decisions you will ever make. Not only will you get a jump-start on building wealth, you also won’t be left struggling to pay off a mortgage later in life.

According to recent studies, the earnings of most Australians peak at the age of 48 and yet many people today still have a large home loan well into their 50s. Continue reading A portfolio with your first pay packet

Looking to the future – Planning well in hand for Mudgee developments

It’s time to plan ahead, in order to take care of the future needs of the growing district of Mudgee.

As it appears this growth will be exponential over the next five years, such organisation is essential to ensure that we avoid any crisis that could result from growing pains associated with our expansion. Continue reading Looking to the future – Planning well in hand for Mudgee developments

RBA cuts interest rates

The Reserve Bank has cut interest rates for the first time in more than 2½ years, bringing relief to households and corporate borrowers.

As widely tipped by economists, the central bank today lowered its key cash rate by 25 basis points to 4.5 per cent. The move reversed the increase imposed on Melbourne Cup Day last year, the most recent time the RBA has shifted rates. Continue reading RBA cuts interest rates

Investing in a Heritage Home

Did you know that Mudgee has more heritage listed buildings than any other town in NSW?

Heritage houses are “affairs of the heart” that can ensnare passionate home owners. It’s a piece of history entrusted to you which you, in turn, will one day pass on. There’s something about walking on floorboards that are over 100 years old or being in a room where a family lived in the 1800s. Continue reading Investing in a Heritage Home

Self Managed Super Funds: 10 things you should know about when buying property

SMSF, or a self managed super fund, is a small superannuation fund created for 1 to 4 members designed to create wealth. They are suitable for individuals who want to take control of their retirement planning by investing directly and making their own decisions about what and where to invest.

Your Investment Property reports on the 10 things you should know before buying property in your SMSF Continue reading Self Managed Super Funds: 10 things you should know about when buying property

ANZ predicts house prices to keep dropping

House prices will continue to drift lower over the next year, said ANZ Bank, as increased caution about borrowing takes its toll on home sales.

“Amongst a turbulent global economic environment, the national housing market continues to soften,” said ANZ economics in their latest Australian Housing Snapshot, released today.

“The housing market has also been hit with a behavioural shift towards increased household caution.” Continue reading ANZ predicts house prices to keep dropping

Public not moved by NSW regional relocation

FEWER than 50 households have signed up to a state government scheme to encourage relocation from urban to regional areas in its first three months, casting doubt over a forecast take-up of 7000 a year.

The relocation grant scheme was central to the Coalition’s pre-election pitch to create a ”decade of decentralisation” in NSW. Continue reading Public not moved by NSW regional relocation

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