News There's been a rather sudden decline in the number of people borrowing money in both mortgages and personal loans, which will hopefully put a further rate rise on hold for the Reserve Bank. However, with oil prices continually on the up, inflation shows little sign of slowing.
Parents from the baby boomer generations have been handing out cash to their Gen Y children to help them get into the property market. But they could be hurting themselves in retirement. Are they really doing them a favour? Is this generation relying on someone to help them foot the bit because they haven’t adopted good savings habits?
Should you put your money into housing or the share market? It’s a widely debated topic, with economists and Real Estate analysts sharing opposing views. Historically, investing in property carries much less risk than investing in the share market, as been demonstrated in recent times. For young Australians, purchasing an investment property can have benefits that outweigh the First Home Owners Grant.
With housing become increasingly unaffordable for many Australians, a new trend of “mortgage-mate” is evolving. Many are finding the costs so high, the only way they can enter the market is to partner up with a friend or family member, sharing the costs and the profits.
With housing become increasingly unaffordable for many Australians, a new trend of “mortgage-mate” is evolving. Many are finding the costs so high, the only way they can enter the market is to partner up with a friend or family member, sharing the costs and the profits.
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