According to a recent survey of 52,000 households, “40 per cent of home loan applications were rejected in December 2018” (Mortgage Business: Home loan rejection rate hits 40%, 21/01/2019). The cited article goes on to suggest that this is an increase of 32 per cent during the 12 months from December 2017! Staggering figures to say the […]
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One of the interesting approaches to tackling the black economy in the recent 2018-19 Federal Budget was the announcement of a $10,000 limit on cash payments to business. Unrecorded and untaxed transactions that occur in the community are estimated at up to 3% of GDP or around $50 billion. We have all seen examples of […]
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The real estate market can be tough for young adults, but as a parent you may be able to lend a helping hand. We tell you how. 1. Parent-to-child loan A parent-to-child loan is when a parent lends their child money. This is a formal, legally binding arrangement, administered by an independent third party. At […]
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