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Home Loan

How to Cope with Record Household Debt

household debt

While many developed countries have seen debt levels declining in the decade since the global financial crisis, Australia's personal debt is today among the highest in the world compared to GDP. According to the latest OECD data for 2016, Australians owe a combined $2 trillion of personal debt, wit... Continue reading

Tags:  Home Loan,  Mortgate Repayment,  Mortgate Stress,  Personal Debt Management,  Personal Loan

'Bank of Mum and Dad' Is Now a Top 10 Lender

parents lending money

Rising house prices and stagnant salaries are causing more Australians to rely on their parents for help when financing their first homes. A recent study by Digital Finance Analytics found that the 'Bank of Mum and Dad' now finances over $20 billion worth of home loans and deposits nationwide &ndas... Continue reading

Tags:  Home Loan

4 Questions to Ask Yourself before Buying a Home

Buying a home is a big step for a lot of individuals, couples and families. However, rising household debt in Australia indicates that many home buyers are jumping into home ownership before they can really afford it. Here are 4 things that you should consider before purchasing a house: Why do a... Continue reading

Tags:  Home Loan

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