Before you buy your first home, the thought of taking on a sizeable mortgage can be pretty daunting. I totally get it. I felt the same prior to taking the plunge and buying my first property back in 2007. There’s something about the psychology of borrowing such a large amount of money and paying it off over such a long period of time if, like...
Buying a home for the first time, particularly if it’s your family home, is a massive financial decision. And for good reason – buying your family home quite possibly could be the biggest purchase you’ll likely make in your lifetime. I know because I’ve been there myself. Throw in the pressure of having a young family (or if you’re planning on starting a family in the...
Debt. It’s an often misunderstood term. For your average Australian, it’s typically perceived as a dirty word, conjuring up a degree of anxiety in the process. When it comes to the D-word, Australia is one of the most leveraged countries in the world. With average household debt sitting at around 189 per cent of annual household income, it’s a bit of a worry. A lot of that has been spurred...
