Market Insights

How do you compare: how much of your pay goes to your mortgage?

6 April 2021

The property market is going through a boom phase, which means housing affordability is getting tougher. So how much does the average Australian household need to put towards their monthly home loan repayments in the current market? Let’s take a look. You’ve probably noticed the housing market is going a bit crazy at the moment. FOMO has …

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Back up for grabs: 1800 first home buyer scheme spots reissued

2 March 2021

Great news just in for first home buyers: the Australian government will reissue 1800 First Home Loan Deposit Scheme (FHLDS) spots from the 2019-20 financial year.   The 1800 spots are back up for grabs because people who previously reserved a spot in the Australian government scheme were unable to complete the purchase of their first home. Their …

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When would I refinance my mortgage?

2 February 2021

Whenever it makes financial sense to do so. Heard about mortgage refinancing? In the past, most people who took out a mortgage doggedly continued with it until they had paid it off. These days, people refinance their mortgage much more frequently. The average duration of a home loan in Australia now is just 4-5 years. Here …

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Finances on your mind?

4 January 2021

If you are finding it tough to meet your current financial obligations or you are just interested in reviewing your current home loan, then you are not alone. Advantage Consulting stand ready and able to point you in the right direction to get the assistance you need in this difficult time. Make sure your current loan …

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Top ways to cut your expenses and increase your savings

1 December 2020

Is the key to saving a home deposit as simple as giving up smashed avo toast for breakfast? Well not quite, but spending less does make a difference. On top of a budget, a savings plan and strategies such as a high-interest savings account, an effective way to save is to reduce or eliminate expenses. Start by …

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Consumer confidence surging, cash rate cut expected

2 November 2020

Recent evidence shows that although we are in the middle of a global pandemic which has resulted in Australia’s first recession in decades, the consumer confidence has bounced back to pre-pandemic levels, confidence in the housing market is booming and experts predict a cash rate cut on Melbourne Cup Day.    What is consumer confidence? Consumer confidence …

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4 strategies to fix your finances before 2020 ends

5 October 2020

The weather warming up in Australia means Christmas time is just around the corner. For many, it’s a time of family, fun and festivities – but it can also be stressful, particularly if funds are a little tight. We explore four simple strategies to help you finish 2020 strong and position yourself for a financially …

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5 ways to pay off your home loan faster

1 September 2020

Buying a home is a huge thrill. Successfully paying off your home loan is an even bigger achievement. While most lenders will typically give you a period of 25 or 30 years to pay it off, that doesn’t mean you need to stick with your mortgage for decades. There are some mortgage-busting tips and tricks you …

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man and woman having breakfast

Why property can be a safe investment option

4 August 2020

If you’re looking to secure your financial future, knowing the right investment path to pursue can be overwhelming. From stocks and bonds to property and commodities, there are a number of options to choose from. All have the potential to build your wealth or improve your financial situation. But which one is the safest long-term? This …

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How to make your tax debt work better for you

1 July 2020

Tax season is fast approaching. If you’re worried about your 2020 tax debt, now’s the time to start putting in place a new strategy for your 2021 return. This article explores the tax advantages and deductions that can come with owning a property, whether you’re an owner-occupier or an investor. Make the most of owner-occupier tax benefits When …

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5 things to do to when applying for a home loan

3 June 2020

If securing a loan for your dream home is one of your financial goals, you might be feeling a bit overwhelmed. Whether the loan is for your first home or an investment property, the ‘to do’ list in front of you can feel never-ending. While the task of getting a home loan may feel intimidating, it …

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Crunch time: tax debts can now be reported by ATO to credit agencies

25 May 2020

Got a large, overdue tax debt with the Australian Tax Office (ATO)? Then best listen up, because certain tax debt information can now be reported to credit reporting bureaus (CRBs). A new Australian law means the ATO will be able to disclose the tax debt information of a business to CRBs when certain criteria are met. What …

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