The Bank of Mum and Dad, the expression commonly referring to parents lending their children money, usually to cover the deposit on their first home, is now one of Australia’s largest lenders, according to research from Digital Analytics. The size of the loan book equates to over $35 billion, and given the rising property prices
Coronavirus has had a huge impact on our way of life, and how we spend our money is a big part of that.? Job losses and business closures have put many of us in unexpected situations and financial stress, however, many people are saving for the first time. Spending has been cut largely due to
Debt…what an ugly word Chances are, you’re likely paying off some form of debt. And if you air that grievance to nearly anyone – you’ll likely find a sympathetic ear as nearly 75% of Australians carry debt. This could come in the form of a student loan, mortgage or credit cards. Not all debt is bad.