Co-buying property in Australia by pooling resources with family or friends is one way to boost purchasing power and tackle affordability issues stopping many first home buyers and solo buyers from entering the market. But without careful consideration, co-buying can be a minefield of legal battles that potentially ruins relationships. Follow these 3 tips to know what pitfalls to avoid and how to make co-buying work.

It’s never too early to get your affairs in order. To discuss with your family your wishes for medical care, arrange a Will and Power of Attorney, and ensure your important documents are stored in a safe place. Being prepared for any eventuality – having to leave your home in a hurry in the event of a natural disaster or being unexpectedly hospitalised or worse – makes a stressful situation a little easier to manage. Here are our tips for getting your affairs in order.

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.

The Australian Taxation Office (ATO) is actively pursuing the recovery of billions of dollars of outstanding tax liabilities. Having eased off on debt collection during the COVID-19 pandemic, the ATO has warned individuals and businesses with significant tax liabilities, who have not yet made contact, that it will be taking further action. If you’re struggling to meet your tax obligations, here’s more on where to go to get help with managing tax debt.

It’s no secret that good financial habits are an essential part of financial success. Learning to spend and save mindfully not only improves a financial situation, but could help you reach your financial goals sooner while avoiding unnecessary debt. If bad money habits are holding you back from achieving financial success, try kicking these five bad money habits to start.

Many aspiring first home buyers have a hard time saving a big enough deposit to buy a first home in Australia. One way around this problem is to get financial support from their parents, who can act as a guarantor for their home loan. If you’d like to help your children buy a first home, before deciding to become a guarantor, it’s important to think about these 5 things.

Talking to young children about money may seem a waste of time, but many of the lessons we learn as children stay with us as adults and can have a lasting impact on our lives. The more we talk about money with our children, the more chance they have to learn how to manage money properly when they’re older. Help shape your children’s future and get them thinking about the value of money, by teaching them financial literacy from an early age.

With higher interest rates than everyday transactional accounts, and the ability to withdraw funds when needed, a savings account is a good way to grow your savings faster and reach your savings goals sooner. But, just as it’s important to research and compare home loans, it makes good financial sense to do the same when considering savings accounts. Here’s a handy guide for all you need to know about savings accounts in Australia.