As you begin to consider appliances when building your new home, or if you are considering updated appliances for your current home, it’s always beneficial to understand what to consider when looking at energy efficient appliances.
With rising inflation, the spiralling cost of living, and steadily increasing interest rates, most of us need to pay closer attention to our budget.
But doing so can be much easier than you think.
Here’s a few key things you can do around the home to help you to save a little money. And remember – every little bit counts. While savings of $20 here and there might not seem to make much difference of themselves, when you add up them all up at the end of a year, you’ll be pleasantly surprised at the results!
So you’re a first home buyer. When’s a good time to buy?
It’s a difficult time for first home buyers, but it’s not all bad news!
According to the Australian Bureau of Statistics (ABS), the number of first home buyers in the market has fallen about 35% over the past year[1], which is hardly surprising given rising interest rates, the end of some government grants and tighter borrowing restrictions.
With an ongoing focus on interest rates, now could be the perfect time to make some clever and practical changes to your finances and learn how to prepare for any further fluctuations with our helpful tips.
Assess your budget
Now is an ideal time to look at your finances and take stock of your expenses.
Super v Mortgage? Where should you put surplus cash?
The last 18 months have highlighted the importance of future-proofing your financial security. But if you’re lucky enough to have a little cash left in the bank at the end of each month, working out the best place to put it can be confusing.
Aside from depositing it into a savings account, most of us will choose to pay down our home loan or top up our superannuation.
For individual homeowners, a mortgage is often their single largest source of debt and has the greatest effect on their finances, and their ability to stay solvent through wage decreases or wage losses. For lenders, mortgages are typically the most significant asset on their retail banking book, which means that any changes in originations, repayment schedules, and default rates will have significant impacts on their profitability and liquidity.
Great news for those still looking to build with the announcement on 29 November that the HomeBuilder scheme, which provides grants for home builders and renovators has been extended to 31 March 2021. The extension is expected to see a further 15,000 construction projects under the scheme.
