Father’s Day in lockdown, going green with your finances & Aussies scared to haggle: This week’s best banking news
- How does land affect the cost of property?
- Dwelling values rise by 1.5% Australia-wide
- How to have a low-key Father’s Day in lockdown
- Big personal loan savings for excellent credit borrowers
- 4 ways to make your finances greener
- Aussies scared to haggle on used cars
All in this week’s best banking news recap: editor’s pick.
How does land affect the cost of property?
From the size of the property to the shape of the land - there are many factors to consider when assessing a property’s value. But what’s most important? Location.
Take two properties with identical land-to-asset ratios; only one’s located within 15km from the CBD while the other is 30km away from the CBD. You’ll likely find that the first property will wind up being worth more, simply due to its location.
Read full article: How does land affect the cost of property? to find out.
Dwelling values rise by 1.5% Australia-wide
Australian residential property prices have gone up yet again - what’s new?
According to CoreLogic’s most recent Home Value Index, in August, dwelling values went up by 1.5% across the country, bringing the national median house value up to a whopping $666,514.
However, while August’s rate was above CoreLogic’s average, it’s actually the lowest recorded since January 2021, “following a trend which has seen price growth trend downwards since reaching a 30-year high in March,” said Mozo Money Writer Tom Watson.
Read the full article: Home values have soared at a rate of $1,990 per week over the past year: CoreLogic to get the full scoop.
How to have a low-key Father’s Day in lockdown
Spring is here! Which means your daily lockdown walks just got a whole lot brighter, folks. And what’s a change of seasons without your favourite read to get you through?
In your September 2021 Financial Checklist:
- How to have a low-key Father’s Day
- Start thinking about the Silly Season
- Spring clean your finances
- Are cashback deals really worth it? Find out with The Finance Burrito podcast
- Channel your inner Tony Robbins this Virgo season
Read the full article: September 2021 Financial Checklist
We all know that applying for a personal loan with a good credit score up your sleeve can give you an advantage, but just how much of an edge are we talking about?
According to our Mozo data, on a $30,000 personal loan paid back over 5 years, having excellent credit could save you a whopping $4,925 in total interest!**
Read the full article: Excellent credit scores could save borrowers over $4k on personal loan rates to get the full rundown.
4 ways to make your finances greener
Has the latest Intergovernmental Panel on Climate Change (IPCC) report got you in a spin? Well, you might be surprised to know that just making a few tweaks to your finances can make a massive difference in the fight against the climate crisis.
That’s right! One way to do your part is by switching your current financial products to a bank or financial institution that is actively taking measures to help create a more sustainable economic future.
Think of it as going green with your green!
Read the full article: 4 ways to make your finances greener so you can help do your part in saving the planet.
Aussies scared to haggle on used cars
According to online automotive marketplace Autotrader, a whopping 75% of Aussie drivers have bought a used car at some point in their lives - but this doesn’t mean we’re pro-hagglers.
New research by YouGov (commissioned by Autotrader) revealed that 64% of Aussie drivers aged between 22 and 54 feel very uncomfortable negotiating the price of a secondhand vehicle - with 50% of Aussie drivers admitting to not being overly knowledgeable about cars at all.
Read the full article: Used car prices remain high but many drivers not confident to haggle to read on.
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**Based on 39 unsecured personal loans in the Mozo database that offer a range of interest rates depending on the applicant. Savings calculated as difference between the average of the lowest rates (7.65%) and the average of the mid-point from each products range of rates available (13.18%).