Over the past few years, property prices in Australia have skyrocketed in many regions, forcing some first home buyers to reconsider their home ownership goals. Without a big enough deposit or existing equity to leverage, it can be especially challenging for first home buyers to break into the property market. But it’s not impossible. Use these 5 budgeting tips to financially prepare for home ownership and set yourself up for success.

With the new year in sight, there’s no better time to take control of your financial situation and prepare for the year ahead. Set yourself up for a financially successful 2024 by making a few small changes to how you spend and save, realigning your budget, paying down your debt, and resetting your financial goals. Here are five actionable tips and some practical advice to help you get financially fit in 2024.

Around two thirds of all fixed rate mortgages taken out during the pandemic will mature before the end of 2023*, with the remaining one third maturing in 2024. Most of these fixed rate borrowers will be making the tough transition to floating rate loans that are 3 to 4 per cent higher – essentially nearly double - than what they’re currently on. It’s inevitable that some households in Australia will face significant financial stress. Here are some tips on how to navigate a fixed rate rollover.