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What is Leverage (property)? What is Leverage? Leverage is one of the most important terms in property investing. It can be one of the arguments why some investors see property as superior to shares.  Leverage in property just means using borrowed money to buy/control an asset that’s worth more than what you put in yourself. […]

Credit Score 101 What is a credit score? A credit score is a number that represents how trustworthy or how good you are as a borrower. It’s calculated based on your financial borrowing history – think credit cards, bills, car loans, home loans etc. If you’ve been late or defaulted on payments – this can

First Home Super Saver Scheme (FHSS) What is the FHSS? The first home super super scheme is a government initiative where it allows tax payers to make personal voluntary contributions into your super fund to help save for their first home. Why is eligible for the FHSS Scheme? 18 years or older First homebuyer –

HECS – Everything you need to know What is HECS and how is it paid? HECS-HELP is an Australia Government loan scheme for eligible students to defer tutor/study/university fees. It’s not a traditional loan that charges interest, rather the debt is indexed (increased) annually on June 1st based on the Consumer Price Index or “Inflation”.

Can I beat the Market by picking stocks/individual investments? Short answer/TLDR: most probably not. Long answer Everyone when they start investing wants to maximise how much their money grows/multiplies. It’s in our nature – we chase the fast gains because why not? If a stock goes up 50% in one year- why not just buy

Tax Free Threshold & Multiple Jobs What is the tax-free threshold? Is the amount of income you can earn before you have to pay income tax. Most residents can claim this for the first $18,200 of their income each financial year. By claiming the tax free threshold – this reduces the amount of tax withheld

Tax Deductions What are they?  Tax deductions are expenses or costs that you have incurred to earn your income.  The Australian Tax Office (ATO) allows you to reduce your taxable income by the cost of these expenses. Reducing your taxable income means paying less tax. What are some common tax deductions? Work related expenses: clothing,

Budgeting 101 What is a budget and why is it important? A budget is a well thought out plan for your money. If you don’t have plans for your money, you might spend more than you need to, spend more than you have or not reach the goals you set out for yourself.  Making a

Term Deposits What is a term deposit? It’s another type of savings account that banks offer – you agree to put away a certain sum of money for fixed period of time. After the fixed period of time that money is locked away- the bank will pay you a set interest return.  Kind of like

Costs of Buying Property The Initial Deposit The house deposit is one of the largest upfront costs when buying a home. This usually ranges anywhere from 10-20% however can vary based on funds available, occupation, which government scheme is used or comfort with debt.  Stamp Duty  This is a state based tax which applies to