Your Money Archives - Page 18 of 48 - Your Money & Your Life

The rise of digital home loans: Transforming Australia’s mortgage landscape

Your Money Your Life - February 8, 2024 2 MIN READ

In today’s ever-evolving financial landscape, the journey to homeownership is undergoing a significant transformation, particularly among Australians aged 25-49. A recent study conducted by YouGov has shed light on a remarkable trend: the surging popularity of digital home loans. Traditionally, Australians have relied heavily on mortgage brokers or direct bank applications for their home loans.… Read more »

News

Back on TV: Kochie gives Aussie families ‘budget makeovers’ in new Your Money & Your Life series

Adam Bub - February 1, 2024 2 MIN READ

David Koch is back for a brand-new season of Your Money & Your Life, airing every Thursday 2PM (AEDT) on the Seven Network from February 1, 2024. Your Money & Your Life, which first debuted in 2021, is a personal finance TV show aimed at helping all Australians save, spend, invest and manage their money… Read more »

Your Money

6 things the government can do to ease the cost of living crisis

David Koch - January 26, 2024 3 MIN READ

There is plenty the prime minister and his caucus can do to ease the cost of living crisis apart from just changing the stage 3 tax cuts. The overwhelming focus on tax cuts should now be shifted to a more holistic strategy to deliver household budget relief and long-term economic stability. Home loan reforms, energy… Read more »

Your Money

Your new year plan to fight back against the rising cost of living

David Koch - January 12, 2024 3 MIN READ

When you look back on 2023 in ten years’ time, the one thing you might remember is just how expensive everything from petrol to power and even chips and chocolate got. That’s why we need to make 2024 the year of the financial fightback. Yes, some price hikes will be hard to avoid. But if… Read more »

Your Money

The Santa Rally brings plenty of Christmas cheer to investors

David Koch - December 22, 2023 < 1 MIN READ

If you’re invested in shares, remember how gloomy you were in October? The market was looking terrible as share values tanked. Investors panicked and hit the “sell” button. And that was a mistake. The Australian sharemarket rose 4 per cent in November, over 5 per cent in December and now sits at close to record… Read more »

Rising unemployment rate is concerning the RBA

Your Money

RBA worried about rising unemployment

David Koch - December 22, 2023 < 1 MIN READ

Not a lot of new economic data out this week, except for the Reserve Bank Board minutes from their December meeting which decided to keep interest rates on hold. What was interesting in the minutes was a growing awareness of a change in the jobs market and the prospect of it rapidly deteriorating. The RBA… Read more »

Your Money

Lucrative cashback offers and discounted rates: the home loan market is back

David Koch - November 10, 2023 4 MIN READ

A major consequence of the ongoing rate rises is that the number of Australians defaulting on their home loans has surpassed the mortgage stress peaks during the Global Financial Crisis. Borrowers can’t take this hit lying down though, they need to be proactive, and spring clean their finances to make sure they’re on the best… Read more »

Your Money

4 strategies to improve your borrowing power

David Koch - October 27, 2023 2 MIN READ

Borrowing power has plunged over $260,000 for some Australian families, trapping many mortgagees that can’t qualify for better rates, and hampering house hunter hopefuls. Lenders have been far more cautious in an effort to offset the risk of recession and higher rates that could impact long-term serviceability. Fixed rate borrowers who have just had their… Read more »

Australians among the wealthiest in the world

Your Money

Perspective: it feels tough but we’re in good shape

David Koch - October 20, 2023 3 MIN READ

The economy is slowing, inflation is still too high, it has never been harder to balance the family budget and loan repayments are sky high… but the average Australian is still one of the wealthiest, if not THE wealthiest, people in the world. I always enjoy reading James Kirby in The Australian newspaper and during… Read more »

Your Money

Insurance companies don’t value loyalty… so why should you?

David Koch - October 13, 2023 3 MIN READ

Research shows you may be throwing money away by staying with an insurer who isn’t giving you their best deal. No one wants to buy the same product for a markup at the supermarket, especially when the cheaper alternative may be just as good, if not better. Yet, the latest research from Compare the Market (disclosure:… Read more »