Why Australians’ Borrowing Power May Soon Get a Boost

Sep 23, 2024 4:45:52 PM

As part of its focus on easing cost of living pressures, the Australian government has announced that all 13.6 million taxpayers in Australia will receive a tax cut on July 1 through the already legislated stage 3 tax cuts. In addition to this, households, small businesses and renters, amongst others, will benefit from a range of rebates aimed at easing cost of living pressures. While it’s good news for Australian taxpayers, tax cuts could also impact borrowing power, opening the doors for first home buyers and those looking to upgrade their home.


Read more

Topics: Budgeting

Maximize Your Returns: Essential End of Financial Year Tax Tips

Sep 23, 2024 4:31:31 PM

As the end of the financial year (EOFY) approaches, it's important to take proactive steps to ensure you're making the most of available tax benefits. Whether you're an individual taxpayer, business owner, or investor, EOFY is when we wrap up the current financial year, complete bookkeeping tasks, lodge tax returns, and prepare for the new financial year. Set yourself up for financial success with these essential tax tips for end of financial year.


Read more

Topics: Budgeting

3 Tax Deductions Under Closer Scrutiny by ATO in 2024

Sep 10, 2024 2:20:49 PM

The end of the financial year (EOFY) is fast approaching and this year, the Australian Tax Office (ATO) has highlighted it will focus on specific tax deductions that will receive closer scrutiny. As an Australian homeowner, property investor, or first home buyer, it’s essential to understand what these focus areas are and how to avoid making errors. To help you prepare for EOFY, here are three tax deductions under ATO scrutiny in 2024.


Read more

Topics: Budgeting

Master Your Credit: 5 Essential Tips for Cleaning Up Your Credit File

Mar 11, 2024 12:50:42 PM

Many Australians face challenges with managing their finances and repaying debt due to the ongoing high cost of living. Forced into using credit cards or high-interest loans to pay for essential purchases or unexpected medical expenses, they struggle to maintain a clean credit file. As a good credit score is essential when it comes to accessing favourable credit, here are 5 essential tips to help you clean up your credit file.


Read more

Topics: Debt Consolidation, Savings, Financial Health, Budgeting

3 Essential Budgeting Tips for Australian Home Buyers

Jan 22, 2024 2:35:29 PM

Whether you’re buying a first home, upsizing or downsizing, or growing a property portfolio, setting a budget is an essential first step to working out how much you can afford and how much you may be able to borrow. From setting SMART goals to dodging “lazy tax” and sticking to the 50/25/25 rule, these three essential budgeting tips for Australian home buyers will help you make savvy financial decisions and turn home ownership dreams into reality.


Read more

Topics: Financial Health, Budgeting, Financial Advice

Beat the Cost of Living With These 4 Tips

Jun 18, 2023 10:33:00 AM

The rising cost of living has hit Aussies hard, with higher prices at the supermarket, petrol pump and utility bills stretching already tight budgets to breaking point. Keeping up with price rises is challenging when your income doesn’t move in the same direction, and thousands of Aussies are potentially at risk of financial hardship. While you can’t control changing global economies, there are some ways you can help to cut back and save money. Here are 4 tips to help you manage the rising cost of living.


Read more

Topics: Financial Health, Budgeting, Financial Advice

What’s Your Credit Score?

Mar 13, 2023 2:01:55 PM

Credit scores are an indicator of how you manage your money and repay your debt, based on personal and financial information kept in your credit record. When you apply for credit or a loan, lenders use credit scores to determine whether to approve your application or to lend you money. Knowing your credit score can help you negotiate better credit deals or understand why a credit application may have been declined. If you’re unsure what your credit score is, or how to access your credit report, here’s a helpful guide.


Read more

Topics: Debt Consolidation, Financial Health, Budgeting

5 Things to do Before Your Fixed Interest Rate Rolls Over

Mar 13, 2023 1:56:46 PM

Australians already struggling with a rising cost of living are bracing for more pain, as many homeowners will see ultra-low fixed rate mortgages expire in 2023. Thousands of home loans taken out in mid-2020 are due to roll over before the end of the year at much higher interest rates, with some homeowners facing repayments that could soar by up to 65 per cent. Get budget-ready for a fixed interest rate roll over and avoid paying “loyalty tax” with these 5 tips.


Read more

Topics: Interest Rates, Financial Health, Budgeting

3 Steps To Curing A Christmas Debt Hangover

Feb 17, 2023 5:48:05 PM

The post-holiday season can be a tough time for many Australians, as credit card statements arrive and a true assessment of Christmas overspending is made. If you’re facing a Christmas Debt Hangover after overspending during the holidays, the next few months will be critical to ensuring you get your finances back on track again. To help you manage your Christmas debt, and to ensure you avoid overspending this year, here are 3 tips from Mortgage Express.


Read more

Topics: Debt Consolidation, Financial Health, Budgeting