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Are you ready to save potentially $1000s on your bills…and perhaps pick up a cool $1000 in cash? Kochie’s back with season five of our hit series Your Money and Your Life airing on the Seven Network this June – and we want you for our next Kochie’s Budget Challenge segment! In 2025, host David… Read more »
After 13 back-to-back interest rate hikes, Aussie mortgage holders are getting some relief with the RBA starting a rate cut cycle which could continue through to the end of the year. The cash rate has already dropped from 4.35 per cent to 3.85 per cent, with average borrowers saving around $200 a month on repayments.… Read more »
With a rate cute and potentially more on the horizon, how can you make the most of it? Here’s what I think … A 0.25 per cent cut in interest rates wasn’t a big surprise to me at the recent Reserve Bank board meeting. What was, howver, is that they debated a 0.5 per cent… Read more »
Are you ready to save potentially $1000s on your bills…and perhaps pick up a cool $1000 in cash? Kochie’s back with season four of our hit series Your Money and Your Life airing on the Seven Network this July – and we want you for our next Kochie’s Budget Challenge segment! In 2024, host David… Read more »
Thinking of staying put in the family home, rather than downsizing in retirement? A reverse mortgage is worth considering. Here’s what you need to know. If you’re over 60 and own your home, a reverse mortgage could let you tap into some of that hard-earned equity without selling up or moving out. But reverse mortgages… Read more »
Protect your wealth from the blow of another rate rise with these simple tips to decrease your mortgage and pay it off quicker. How would another rate hike impact your household budget? A single 0.25 per cent increase could add around $123 to monthly repayments on a $750,000 mortgage. That could be $1,400 more over the… Read more »
Almost a quarter of homeowners are worried they’ll have to sell, or have already sold, due to the rising cost of living. According to a new Compare the Market (where I am Economic Director) survey, most homeowners aren’t worried about having to sell (79 per cent), but a startling 39 per cent of renters fear… Read more »
Changing your home loan repayment schedule from monthly to fortnightly can save you a small fortune by helping your pay your mortgage off faster. My mates at Compare the Market (where I am Economics Director) crunched the numbers and found that a person with a $600,000 loan could save over $160,000 in interest over the… Read more »
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 »
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 »
