Debt Recycling in Australia: What It Is, How It Works, and Top Considerations
Paying off a home loan is often a significant financial milestone. But what if there were ways to potentially build long-term wealth at the same time? Debt recycling is a strategy that may help achieve this by converting non-deductible mortgage debt into investment-related debt, which could offer tax benefits depending on how it’s implemented. This […]
Everything You Need to Know About Renovation Loan Interest Rates and Terms
Renovating your home is an exciting opportunity to create a space that better suits your lifestyle. Whether you’re planning a modern kitchen, an extra bedroom, or a more energy-efficient home, the right upgrades can make a huge difference in comfort and property value. But as rewarding as renovations can be, they often come with a […]
Funding Home Improvements with Renovation Loans
Home renovations can be an exciting yet financially demanding process. Whether you’re modernising an outdated kitchen, adding an extra bedroom, or upgrading your outdoor space, the costs can quickly add up. This is where renovation loans can help, offering a financial solution to turn your vision into reality without exhausting your savings. For Australian homeowners, […]
Mistakes to Avoid When Refinancing Your Mortgage
Refinancing your mortgage can offer an opportunity to lower interest rates, reduce monthly repayments, and access more flexible loan features. However, many Australian homeowners make mistakes during the refinancing process that can result in unexpected costs, unfavourable loan terms, or long-term financial setbacks. Being aware of common refinancing mistakes and knowing how to avoid them […]
What Is The Current Interest Rate For Home Loans
Finding the best home loan interest rates can significantly impact your financial future, whether you’re buying your first property or refinancing an existing loan. With options like fixed rate home loans offering predictable repayments and variable rate home loans providing flexibility, understanding how interest rates align with your needs is key. What are the current […]
Variable Home Loan Interest Rates and Trends
Unlike a fixed-rate home loan, where rates remain constant for a fixed period, variable interest rates fluctuate based on the official cash rate set by the Reserve Bank of Australia (RBA) and other market factors. These fluctuations directly impact your home loan repayments, including principal and interest repayments. Variable rate home loans often offer flexibility, […]
More consumers using loans to purchase cars, holidays and white-goods…
There was a sharp rise in the number of consumers taking out car loans in 2024, as motorists purchased a record number of new vehicles. Australians bought an unprecedented 1,220,607 new vehicles last year, with Toyota, Ford, Mazda, Kia and Mitsubishi being the most popular brands, according to the Federal Chamber of Automotive Industries. As […]
