You’re working harder but wages aren’t budging; the kids take up all your time; and the mortgage is eating not only your paypacket but also your diminishing savings.
Most Aussies aren’t aware that there are three simple solutions that could free up $18,000 to 38,000 a year, without any more sweat or debt, according to finance broker and property specialist Busy Martin.
Here are Martin’s three ways to save thousands a year and take a load off your shoulders:
The mortgage broking industry collectively breathed a sigh of relief last month when the ‘surprise’ results of the federal election were announced.
While all polls had suggested a clear win for Labor, the right voters turned out on the day to secure another term in government for the Liberals.
This means brokers are not facing the removal of trail next year but also that other policies criticised for being detrimental to the housing market will not come into play.
The hard work by the broking industry will not stop there, however. While the Liberal proposition was certainly better for broking businesses, there is still going to be a consultation in three years’ time to look at the impact of removing commissions.
A new report projects what major shifts in the economy need to take place to ensure growth, and the make-up of the property market factors significantly in these changes.
The Australian National Outlook 2019 report, from a collaboration between the CSIRO and NAB, has identified that Australia’s economy is set towards a “slow decline” by 2060 if no action is taken.
In the event of no action, GDP growth is predicted at 2.1 per cent annually, with no real change to the property types seen in capital cities.
However, the report projects that by addressing some economic fundamentals, GDP growth could be upwards of 2.75 per cent, and average density of major cities could increase by 60 to 88 per cent.
An issue with apartment towers in Sydney’s inner south has seen its residents evacuated and has highlighted the need for investors to keep calm in stressful situations and avoiding a panic sale.
Mascot Towers, a series of apartment buildings in Sydney’s Mascot, have seen tenants evacuated under speculation the buildings may be uninhabitable.
Landlords could be faced with some high fees for displaced tenants, according to advice given by the Fair Trading NSW.
The advice, provided by the department in a statement, reminded landlords that if tenants need to temporarily move out due to the property being wholly or partially uninhabitable, rent can be waived or reduced, and can give tenants grounds to issue a termination notice.
