Keeping track of your credit rating Today, applying for a loan seems to have never been easier. Interest rates are comparatively low and competition among lenders for new business is intense. So it can come as a surprise when a loan application is turned down. The reason is often a bad personal credit score, but few people understand what that is, let […]
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What will the budget mean to you?-1 Treasurer Scott Morrison’s first budget of the Coalition’s second term in office marked a significant shift in tone from the tough stance of its three previous budgets. Gone is the mantra of debt and deficit. Instead the Treasurer has balanced the government’s resolve to live within its means with promises to tackle the cost of […]
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Australian economy: still going strong Australia, take a bow. We are on the brink of overtaking the Netherlands’ record for the longest period without a recession and very close to pulling off an even greater feat. Not only have we survived the end of an extraordinary mining boom without going bust, but the economy is showing signs of renewed growth. […]
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Using tax for effective property investing With Australian property remaining expensive and banks tightening their lending criteria, investors need to ensure their property investments are a financial success. A key element is maximising the taxation benefits flowing from your investment. This includes correctly structuring the loan and ensuring your deduction claims don’t fall foul of the tax man. Getting the structure […]
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The cost of hobbies In modern times, hobbies have become an essential part of life. This sounds a bit weird, since by definition, they’re activities that you choose to do for yourself. Since the advent of the eight hour day and the rise in average wealth in Australia, it’s got to the point where having a passion outside your […]
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