Posted on: 23 September, 2019
The Bank of Mum and Dad became one of Australia's top 10 lenders last year, with more than half of young Aussies seeking financial help from their parents to buy their first home.
If you want to help your kids take their first step on the property ladder, there are more ways to do it than just lend.....
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Posted on: 20 March, 2019
Bottom Line:
Bankruptcy may seem like an attractive solution if you’re trapped under a mountain of debt that you can’t repay. It might be the right option in some circumstances but it is not the only option. You should be aware of other personal insolvency solutions such as a Debt Agreement or Pers.....
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Posted on: 03 December, 2018
While many developed countries have seen debt levels declining in the decade since the global financial crisis, Australia's personal debt is today among the highest in the world compared to GDP.
According to the latest OECD data for 2016, Australians owe a combined $2 trillion of personal debt, wit.....
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Category: Debt Help, Debt Management
Posted on: 17 August, 2018
Rising house prices and stagnant salaries are causing more Australians to rely on their parents for help when financing their first homes.
A recent study by Digital Finance Analytics found that the 'Bank of Mum and Dad' now finances over $20 billion worth of home loans and deposits nationwide – eno.....
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Posted on: 27 June, 2017
Buying a home is a big step for a lot of individuals, couples and families. However, rising household debt in Australia indicates that many home buyers are jumping into home ownership before they can really afford it.
Here are 4 things that you should consider before purchasing a house:
Why do a ne.....
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Category: Debt Tips