One rule of thumb says you shouldn't spend more than 30% of your income on housing, but does that hold true in times of high house prices and soaring interest rates?
Interest rates are now back to pre-COVID levels following the Reserve Bank's decision to lift the official cash rate by 50 basis points to 0.85% at its June board meeting.
Struggling to pay your mortgage after this week's interest rate rise? Don't be afraid to reach out to your bank to find out what payment relief is on offer.
The ATO warns against copying and pasting your tax return from last year, and Netflix has a new show all about money. Here's what you've missed this week.
As rising house prices are making it more difficult to get into the property market, first-home buyers are faced with the question: is it best to pay lenders mortgage insurance (LMI) and jump into the market now, or wait and save a higher deposit?
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