A recent online survey conducted by Loan Market found more than 40% of Australians spend around half their monthly income repaying debts. In fact, 44% of respondents said they spent more than 40% of their income repaying mortgages, credit cards or personal loans.
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There is currently more United States investment in South Africa, than South African investment in the United States. This is as most people would expect. However, there is more South African investment in Australia, than there is Australian investment in South Africa. As a result South Africa's High Commissioner to Australia Lenin Shope believes that there is the potential for a significant amount of increased investment in South Africa by Australia
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Post-Easter, after one too many chocolate eggs, many of us lament about our waistlines and our general health. No doubt regular check-ups are important, and it's often celebrations such as birthdays, Easter or Christmas that remind us to keep an eye on our general well-being.
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Buying a home is an exciting process, but you do need to be prepared. Arranging your finance first helps you set your own limit and better positions you for a successful negotiation. And with so many home finance options on the market and a great deal of change over the past 12 months, there are several things you need to consider before beginning your search for the right property.
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The Reserve Bank of Australia's decision to raise official rates for the second time in 19 months – from 3.25% to 3.50% – has brought an end to the low interest rate honeymoon for mortgage holders.
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Once you begin to think about buying a property, a home loan pre-approval is something that is definitely worth considering regardless of how much you are intending to borrow. A pre approval is similar to full finance approval except that the property you intend to purchase has not yet been determined. The approval is valid for three months. It gives you clear guidelines on how much money you have to work with. Some conditions usually need to be met before full finance approval will be granted, such as finding the property and the property being valued by the bank. The first step is to get your borrowing capacity assessed, to make sure you don't look at something you will not be able to afford. This can easily be done via email. Once you have this ready, pre-approval is the next step.
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The current uncertain economic climate has seen a number of companies worldwide folding or downsizing. 2009 will therefore be a challenging year for many workers and in particular for prospective or recent migrants to Australia. This article highlights basic entitlements and job protections which the Australian legal system provides and which could assist those workers whose jobs are at risk.
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A testamentary trust (TT) is a trust created from a will. Instead of all of the assets of a deceased estate being distributed to the beneficiaries, some or all are retained in a trust for the benefit of beneficiaries. It provides the option of either a discretionary or fixed trust with each providing different benefits.
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First home buyers now have a new way of increasing their deposit, with the opening of the first First Home Saver Accounts on October 1.The initiative, which is part of the Federal Government’s plan to increase housing affordability, takes individual savings and combines them with government co-contributions in a high-interest-earning account. The resulting savings attract minimal tax, and there are no charges for withdrawing your savings at the end of the minimum four-year saving period providing you use it for the building or purchase of your first home.
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It has been a difficult time for investors lately. The volatility of the global financial market has made many around the world very nervous to say the least. The Governments of the major economies have agreed to a coordinated approach to try to ease the impacts on markets however, and as a result, confidence appears to be returning.
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