FinanceCorp

Review of website get rich slowly

August 17, 2014

Review of website getrichslowly.org This month we are reviewing the website www.getrichslowly.org Whilst this is an American website it offers lots of sound advice and practical tips on all aspects of money. There is a comprehensive section called ‘Essential Money Skills’ and this covers a wide variety of topics from getting out of debt to…

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Post election Oct 2013

August 17, 2014

Title: Post-election property focus So the federal election already seems like a distant memory. The Liberal Coalition is settling in to their position of running the country. In reality, most of us are concerned about how this change of guard will impact us personally and this typically means the things that we hold dear such…

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Perth property price on the way up – Feb 2014

August 17, 2014

Perth property is on the way up 2014 is set to be a great year for the Perth property market. David Airey, the President of the Real Estate Institute of WA has even gone so far as to review his estimate on what the median price of a home will be in Perth. He had…

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Making money selling on eBay

August 17, 2014

Selling things on eBay Christmas can really put the finances under pressure as we need to buy presents, attend lots of functions and host meals at our house. All this equals lots of spending and generally there is no more money coming in than at any other time of the year. As well as needing…

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Low Interest Rates July 2013

August 17, 2014

Last week, the Reserve Bank decided to keep interest rates on hold. The official cash rate is currently sitting at 2.75%. This means that interest rates at their lowest level in more than five decades. Currently, Australia has low inflation, low growth in borrowing, restrained wages and a strong dollar. Low interest rates are a…

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Jan 2014 – is a rate cut likely next week

August 17, 2014

Weekly blog – 28 Jan 2014 Is a rate cut likely next week? Next week we will see the Reserve Bank meet for the first time this year. There is a lot of speculation around what decision they may come to regarding the official cash rate. Currently, the official cash rate in Australia is sitting…

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Investing in a granny flat

August 17, 2014

Investing close to home: the granny flat solution! With the eldest of the baby boomers well into their 60s this year, the challenges of an ageing population are confronting us all, with social spending and economic growth set to feel the pressure as Australia’s population ages. A 2008 Productivity Commission report, ‘Trends in Aged Care…

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How to pay off your mortgage faster

August 17, 2014

Want to pay off your mortgage faster? When you take out a mortgage, you set a term for this. Term refers to the period of time that it will take to pay off your mortgage. This is generally 20, 25 or 30 years but there are plenty of options and the choice is normally yours.…

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How to avoid mortgage stress

August 17, 2014

How to avoid mortgage stress How to avoid mortgage stress Many people make the mistake of borrowing whatever the bank says they can afford and often don’t take time to consider what this will mean in terms of the ongoing financial commitment. The common definition of “mortgage stress” is where you spend more than 30%…

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How much can you borrow

August 17, 2014

How much can you borrow? One of the most important things we find clients want to know is how much they can borrow. Many have used simple online calculators. These online calculators are a very quick and simple way of getting a rough calculation. But it is important to realise that most lenders look at…

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