Australians might be obsessed with property, but it’s not the only way to invest your money. The team at Equity Mates outlines some alternative investment avenues you really should consider. You don’t have to be a genius to make money from investments. When it comes to investing, Australia is a very bricks and mortar country,… Read more »
Just when you thought the banks couldn’t get any stingier, they are. Savings interest rates have been reduced again. Australia’s biggest bank, Commonwealth Bank (CBA), has cut its savings rates by up to 0.07 per cent. The Reserve Bank hasn’t changed official interest rates since November last year, but the CBA (and the other big… Read more »
Thirteen of Australia’s 80 closely-regulated MySuper superannuation funds have failed the APRA performance test. There’s a fair chance you are among the one million people in them. The results were made public on Tuesday and handed to the funds on Monday. From here on — for the people who run those funds — it’s about to… Read more »
It’s so frustrating to buy petrol, drive 100 metres down the road and see the exact same fuel offered cheaper. Sounds like you need one of these petrol prices apps in your pocket. The cost of importing refined petroleum has eased considerably, yet petrol prices are currently through the roof. Petrol stations are basically ripping… Read more »
Each year your superannuation statement is one of the most important bits of paper you’ll receive. Here’s our jargon-free guide to help you read your super statement to ensure your fund is delivering what you need. The average Australian is among the richest in the world. Why? Because of the value of their home and… Read more »
Yippee, you’ve scored a good looking return from the tax office this year. While you’re tempted to blow the lot, if you invest your tax return carefully you’ll set yourself up for long-term wealth. The ATO returned more than $1 billion to approximately 457,000 taxpayers in the 2019-2020 financial year. That’s an average return of… Read more »
The home loan war between financiers is really hotting up. In a bid to win over new customers, lenders are offering up to $5,000 cashback on home loans with rates under 2 per cent. New analysis by financial research group RateCity shows there are 25 lenders offering cashback deals. In addition to the cashback on… Read more »
If you think you can cheat the tax office, don’t even think about it. You can’t, and it will be just a matter of time before you’re caught. The tactics and resources the ATO has at its disposal are quite extraordinary. Each year, the ATO contacts around two million taxpayers about their individual returns. This… Read more »
Once you learn how to effectively manage your bills, you’ll no longer need to fear your inbox or mailbox. Such a relief. We all know that sinking feeling when an unexpected bill arrives and throws the monthly budget out the window. It’s tough metaphorically driving around with the fuel lamp flashing, knowing you’ve got nothing… Read more »
We’ve been told we need one, but we’re still unsure exactly what financial advisers do. So, we asked Ben Nash (a very busy financial adviser who does many, many things) to give us the low down. As a financial adviser I must have been asked hundreds of time exactly what financial advisers do and how… Read more »
