Tag: financial planning book
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Rural Australia Sees Surge in Financial Planning Demand
Financial planning in regional Australia is experiencing a surge in demand, with suburbs showing high capacity for investment. Data from the Betashares Financial Opportunity Index highlighted strong financial prospects in rural and semi-rural areas like Dayboro, Olinda, South Boulder, and Taree. Smart Money Strategy: Your Ultimate Guide to Financial Planning | $25.93 Seachangers, mining, and…
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RBA Cash Rate Impact: Car Loan Rates vs. Home Loans
Interest rates have been a hot topic lately, especially with the Reserve Bank of Australia (RBA) raising the cash rate multiple times since 2022. While much attention has been on the impact on home loan rates, car loans have also been affected. The relationship between the RBA cash rate and car loan rates is an…
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Expert Tips for Navigating Home Loan Challenges in 2025
In 2025, amidst the economic challenges faced by Australian homeowners, financial expert Chris Foster-Ramsay offers valuable insights and tips to navigate the complexities of home loans. The Reserve Bank of Australia is expected to announce a rate cut soon, potentially providing some relief to borrowers grappling with escalating costs and multiple rate hikes. Despite the…
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ANZ’s Strong Financial Year 2022 Highlights Home Loan Growth
ANZ has reported a strong financial year 2022, showcasing restored momentum in its Australian home loans sector. The bank’s 2022 Full Year Result & Proposed Final Dividend statement unveiled a 16% increase in statutory profit after tax, reaching $7.1 billion for the year ending 30 September 2022. With a cash profit of $6.5 million and…
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Understanding Chase Credit Card Application Process for Approval Success
When applying for a credit card, the immediate approval you hope for might not materialize, leading to concerns and uncertainties about the next steps. The anxiety that follows such a scenario is common among credit card applicants. VULKIT Slim Minimalist Card Holder RFID Blocking Leather Credit Card Holder Front Pocket Wallet Magnetic Closure | $19.99…
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Australian Homeowners Boost Mortgage Repayments Amid Surging Interest Rates
Australian homeowners are grappling with a significant surge in mortgage interest rates, with a nearly 20% increase reported compared to a year ago, as revealed by analysis conducted by Money.com.au. TI Financial Calculator Texas Instruments Financial Calculator, Black, IIBAPL/TBL/1L1/C | $70.55 This surge translates to an additional $4.8 billion paid to financial institutions over the…
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Financial Experts Analyze Impact of Recent Cash Rate Cut
When the Reserve Bank of Australia (RBA) makes changes to the cash rate, it sets off a chain reaction that impacts various aspects of the economy. This move affects how banks determine their interest rates, which in turn influences consumers’ financial obligations. Following the recent 0.25 percentage point drop in the official cash rate, financial…
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RBA Meeting: Anticipation Grows for Potential Rate Cut Impact
The Reserve Bank of Australia (RBA) is set to convene for its next meeting to deliberate on potential adjustments to the cash rate target. These meetings, held eight times annually, hold significant weight as their outcomes ripple through the financial landscape affecting many Australians directly or indirectly. The Ultimate Guide for Home Buyers in Australia…
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Homeowners Urged to Review Loans Amid Tax Season Surge
As the financial year comes to a close, many individuals turn their attention to their financial standing, particularly those with property investments gearing up for tax assessments. Given that a home loan is often a significant financial commitment, this juncture presents an opportune moment to evaluate the adequacy of your existing loan in meeting your…
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Australian Banks’ Lucrative Home Loan Profits Spark Regulatory Concerns
Home lending is a lucrative business in Australia, with the big four banks raking in substantial profits from owner-occupier housing loans. According to recent research by the Australia Institute, these banks make an average profit of $200,880 on a 30-year home loan. This profit margin is significantly higher than the global average, showcasing the profitability…