Some of our clients who didn’t want to pay LMI in the last 12 months are NOW facing a much bigger challenge. The property they were saving for has gone up 3 times more than the LMI they avoided paying!
Most of us worry about our future, and most of us are waiting until the mortgage is paid off before we do anything about it.
Sydney University anthropologist and author Stephen Juan said it now took two incomes and 30 years to pay off the average home. Half a century ago, it was one income and 15 years.
This is a very common phrase and I’m sure you have heard it before. Regardless of your age, we all have an 82% chance of failing in the school of personal finance.
Not only is the Sydney property market heating up with the onset of Spring, but some new changes effective from 1 October 2012 will also really help to boost real estate sales, and to give new home buyers a real helping hand to break into the real estate market, especially in the low to middle price range.
Here are some simple steps on how you can maximise the financial benefits from an interest rate cut.
With the Reserve Bank of Australia (RBA) cutting interest rates this week, now is a good time to reassess your finances and ensure you are making the most of the latest interest rate cut.