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According to the Australian Bureau of Statistics’ lending indicators data for December 2020, the value of renovations and additions reached a record high of $941.6 million at the end of last year nationally.

With the property market in overdrive, many home owners are busy planning upgrades to their home in preparation for selling in 2021.

If you have financial aspirations for the future, a solid budget is usually your first plan to help achieve your goals. Managing your money gives you more choice for the future and pays off the earlier you start. When planning out your budget, it doesn’t have to be all spreadsheets and formulas and calculators, here’s a simple way to better budgeting.

Home owners are using the savings they’ve been accumulating during COVID-19 to increase the amount in their offset accounts. With travel and outings off the card for many, savvy savers are reducing the amount of interest they pay on their home loan by topping up their account.

Did you know it’s recommended everyone do a health check on their home loan every 12 months?

If this year has taught us anything, it’s that financial setbacks or stress can happen, even with the best laid plans and intentions. We can’t always predict certain life events, such as a marriage breakdown, job loss, ill health or personal injury, which can all quickly derail your financial goals or leave you struggling.

Important information

Information on this website is general and has been prepared without taking into account your objectives, financial situation or needs. You should consider whether this information is suitable for your objectives, financial situation and needs before acting on the information provided.