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Many people dream about owning residential property but finding the funding for such a major purchase proves to be a challenge. The home loan is one of the most commonly used financial tools. Australian banks and lending institutions offer such opportunities but the conditions vary significantly from one loan provider to the next one.
Work on the Deposit
Before getting a home loan, you will be asked about how much of the deposit you have already managed to save. Though this is obvious, many first-time homebuyers commit the mistake of looking for mortgage loans without having any sum set aside.
Take some time to build the deposit. Managing to save some money will decrease the amount you will have to borrow and repay in the future. This could mean postponing the property purchase but the option makes more sense from a financial point of view.
Most lenders have similar requirements for the provision of a mortgage loan. Research these criteria to make sure that you are eligible. You should be capable of providing evidence about your income stream and the ability to repay the loan in a timely manner.
Your employment history will probably be examined, as well. This check gives the lending institution information about the long term security of your income, though it is possible to get finance even if you are unemployed. The lending institution will also inquire about the percentage of the property’s value that you would like to cover with a loan. The figure is usually about 80 percent but some Australian banks could provide up to 95 percent of the value of the property.
Charges and Fees
Before choosing one mortgage option or another, you will need to pay close attention to all of the charges and the fees that will add up to the cost of the loan.
A mortgage lender will typically have several kinds of fees for the provision of the loan. The application fee is the first one. There could also be valuation fees and a lender’s mortgage insurance. This kind of insurance is needed to protect the lender, in case you borrow a sum that is greater than 80 percent of the property’s value.
Tips for Finding the Right Loan
After you familiarize yourself with the basics, you will have to assess the other criteria that determine the attractiveness of each mortgage option.
The interest rate is not the only factor to consider. Many inexperienced property buyers are lured by low interest rates and they fail calculating the overall cost of the loan. Low interest rates are mentioned in ads for strategic purposes. There are online calculators that can be used to draw comprehensive comparison between mortgages and to figure out which one is most affordable.
Look for several additional features that will increase flexibility. The ability to make additional repayments without being charged more is one of these important features. Several payment methods like phone banking, ATM payments and direct debit will also make it easier for you to pay the monthly installments.
There is no doubting the fact that the Australian car finance industry offers a diverse range of car financing options. The Sydney market is teeming with options, so let’s take a closer look.
Commercial Hire Purchase (CHP)
Commercial hire purchase loan is a popular option especially for small business owners. One of the biggest challenges small businesses and start-ups face is uncertainty. This is attributed to the volatile economy, increased competition, among other factors. Due to this, some entrepreneurs opt to seek a loan to hire a car. Hiring may be a better option in case the business fails prematurely. This enables a person direct more capital to the business instead of seeking an ordinary auto loan.
Ordinary Car Financing
This is the most popular loan for people seeking to acquire a vehicle. The financial institution helps a person purchase a vehicle. In return, the loan provider keeps the title to the car as security. Due to its popularity, this loan is also among the most competitive. The car loan can be provided by a financial institution such as a bank, or cooperative societies. The loan can also be provided indirectly. A car dealer may act as an intermediary between the car buyer and financier. Given the many options, it is advisable to do plenty of car finance research online.
Low Documentation Loans (Low Doc)
One of the challenges faced by small traders is the lengthy process. To make an application for a loan, a trader may be required to provide quite a number of documents. These are meant to show the worth of the business, cash flow position, account activity, audited records, among other requirements. Unfortunately, new businesses will either have operated for a short period, or have few account transactions. To avoid the many documents and other supporting papers, a businessperson in Australia will benefit most from Low Doc (Low Documentation Loans.) This loan usually appeals to self-employed and new businesses.
Business Car Lease
Business car lease allows a business owner leasing a car instead of buying one. Unlike the usual auto loan, the title and ownership do not go to the small trader. However, a business car lease may also be tailor-made to suit the customer. For instance, it is possible to lease a car with the option of purchase (source).
No one can doubt the effectiveness of a vehicle to a small business. Unfortunately, start ups or small trades will always face difficulties purchasing a car. Furthermore, cars can be quite pricey hence taking up a large share of the capital. Well, any small business owner aspiring to see his business grow may need to consider getting a good loan. The loan should offer flexibility, affordable interest rates, as well as convenient loan repayment period. In order to get the most suitable car loan, a person needs to carryout research, talk to friends, compare quotes online, or following recommendations from trustworthy sources.
Setting up a home based business is quite an exciting idea. It allows you flexible working hours, and you get the opportunity to be your own boss.
Starting your own business from home does not need you to take any classes or clear exams, nor does it need you to invest a fortune, you just need to think of something that you are comfortable with, something that will allow you to make use of your talent and earn a good income. To get you started, below are given 6 home based business ideas and for more information we recommend reading more at Australia’s leading home business website.
A consultancy is a perfect way to make the most of your passion or experience and be paid for the same. Depending on your specific experiences and skills, you can start your own consultancy firm. You can start your own consultancy business from home, using your personal computer, internet connection, and phone.
2. Virtual assistant
If you have proper knowledge of office work, then working as a virtual administrative assistant can help you earn a steady income. You can set a small area in your home as your office from where you can handle client appointments, do transaction work, type correspondence, and perform other office jobs. The demand for virtual assistants is growing rapidly because many new and established businesses find it difficult to hire and maintain full-time assistants, but still need assistance for completing their tasks.
3. Pet sitting
This is a very popular home based business that you can opt for. Many people are ready to pay a good amount for reliable pet-sitting services. The most important requirement naturally is love for animals. You also need to be able to take proper care of pets when their family leaves them behind with you. This job does not need investments, and yet will help you earn a good amount.
4. Web designer
If you have proper HTML experience or have a good knowledge of website designing, then you can start freelancing as a web-designing consultant. Almost every business today realizes the importance of internet presence and wants to have their website build. However, most of them do not have much knowledge about website designing and thus there is immense scope for you to find many clients. You just need knowledge and experience of website designing and can start your business from the comforts of your home.
5. Binary options
This is a very diverse topic, so rather than go into elaborate detail, we recommend that you view the website of Banc De Binary here. In short though, binary options trading is something you can do from home, in your own time and with very little initial investment.
6. Freelance writing
If you have a flair for writing, then freelance writing can be one of the best home based businesses for you. There are immense opportunities as far as this field is concerned, and you do not need to get involved in any kid of investment. Various freelance writing options include editorial service, ghostwriting, proofreading, web content creation, and article writing. Most large and small companies outsource their content creation and copy-writing jobs to freelancers, as they do not want to invest in hiring full-time personal writers.
7. Repair services
Consumers need reliable repair services to get various things repaired. Right from cars to computers, people are always on the look out for reliable and affordable repair services in neighborhood areas. Depending on your repair expertise and experience, you can start your own repair business. You can easily operate the business from your garage. Just make sure you do enough advertising to let people know about the services you provide.
Pets are nice to own, yet expensive to care for. Given the high costs of veterinary care, if you are planning on moving to Sydney with pets, we recommend that you consider pet insurance carefully!
1. Insurance cuts down the vet bills
Whenever your pet gets sick or is injured, you will be required to incur huge expenses in their treatment. With insurance coverage, you will have it easier taking care of your bills. Insurance coverage allows you to pay monthly premiums that are affordable. The premiums are even cheaper as compared to the vet bills you pay once your pet is in critical condition. The pet insurer you choose, from the many in Australia, will always be taking care of your pet regularly to ensure it is always in good condition.
2. You can easily recover from losses
Pet insurance is like any other form of insurance. Most people go for it since it can help you recover financial loss whenever your pet gets lost or eventually dies. However, the extent to which your insurer can provide this benefit depends on the premiums payable each month. Premiums payable for such a benefit are quite high but beneficial in the end since you will be compensated for any loss in your pet.
3. Your pet will enjoy proper health coverage
Most people think of signing up for pet insurance in order to ensure that their pet enjoys regular health care. Pet insurance is the best measure to have your pet attended to regularly by a professional veterinary. They will therefore remain healthy during its lifetime and cut down the expenses you would incur in carrying out regular treatment.
4. No worries during emergencies
Pet insurance provides the pet owner with the extra money required to cover hard financial times. You do not have to worry when and where to get the funds to cater for your pet since all the responsibilities will be carried out by your insurer. You have an opportunity to pay for the premiums whenever you have money at specified times.
5. Your pet will enjoy regular dental checkups
There are some pet insurance policies that allow the pet to enjoy regular dental checkups and treatment. Dental problems are always the major reason why most pet get sick and eventually die. These tasks are always expensive to be handled independently but with insurance you will definitely have it at a subsidized.
6. Adopted animals get special treatment
There is a special type of pet insurance that covers adopted pets. Adopted pets have to be pampered with extra benefits so that they can feel at home. Such coverage can also constitute VIP treatment whenever the pet dies. They can always benefit from special forms of treatment during burial which is often ignored by most people.
7. Provides opportunity for regular screening
Pets also suffer from some chronic diseases that affect human beings. Normally, pet owners ignore taking their pets for regular screening. Some form of pet insurance allows your pet to enjoy these services regularly in order to remain healthy.
In this article we will try and make a selection of the top brands that you will find in pretty much any Australian household. Stuff that is common and that has an everyday use. We’ve kept the selection limited, because what is common to one person might not be that common to an other.
We’ll talk about:
- Vacuum Cleaners (and the handheld versions as well)
- Smoothie blenders to make delicious and healthy smoothies
- Hair care products like shampoos and conditioners
- Knives we use a lot in our kitchen
Probably one of the most common products that you will find in any household now a days. These very common machines have actually gone through quite a transformation the last couple years. It all started when Mr. Dyson launched his vacuum cleaner without the old dust bag. We think he poured his heart and fortune into this finally very successful product. Since then, we don’t think there are any vacuum cleaners made with a dust bag anymore. Here’s our selection:
- Dyson DC41 Animal Complete Upright Vacuum Cleaner
- Hoover WindTunnel T-Series Pet Rewind Plus Upright Vacuum, Bagless, UH70210
- BISSELL CleanView with OnePass, 9595
- BISSELL Zing Bagless Canister Vacuum, Caribbean Blue
- Shark Navigator Lift-Away Professional Upright, Standard Brush Roll
Hand Held Vacuum Cleaners
The development of the bagless hoover have also crossed over to the handheld versions. Here’s a selection:
- Dyson DC44 Animal Vacuum – Refurbished
- Dyson DC58 Handheld Vacuum Cleaner
- Eureka EasyClean Corded Hand-Held Vacuum, 71B
- Black & Decker FHV1200 Flex Vac Cordless Ultra-Compact Vacuum Cleaner
Many people have these kitchen robots in their kitchen. And slowly but surely the blender is finding its way to households as well. Finding a good blender is not always easy. And if you want to have a product that lasts, than it is probably worth investing a bit of money. Here’s our favorite selection of smoothie blenders:
- Ninja Master Prep (QB900B)
- Hamilton Beach 56206 Smoothie Smart Blender
- Magic Bullet Express Deluxe 26-piece Mixer & Blender (25-piece with Bonus Ice Shaver Blade)
- Oster BCCG08-RFP-NP9 8-Speed Blender with Food Processor Attachment, Metallic Red
- Back to Basics SE3000 Smoothie Express Lifestyle 26-Ounce Smoothie Maker
Hair Care Products
Some of us use it every day, other use it a bit less. But all of us use it still very frequently. We’re talking about shampoo and conditioner. Our personal favorite shampoo is one that does not have any sulfates in it. So below we’re listing the top shampoo brands, all sulfate free.
- L’Oreal Paris EverStrong Hydrate Shampoo
- It’s a 10 Miracle Shampoo Plus Keratin, 10 Ounce
- Enjoy Sulfate-Free Hydrating Duo (Shampoo and Conditioner) 33.8 oz
- DermOrganic Daily Duo Liter shampoo & masque 33.8 fl oz bottles
- Moroccanoil Moisture Repair Shampoo & Conditioner Combo Set (8.5 oz each)
An other one of those products that we use every day, day in and day out. How often do you grab a knife when you’re in the kitchen? Maybe we’ve added this part specially for Mums. They can definitely do with a new set of really sharp knives. We’re listing here knife sets for cooking, not for dining.
- Ginsu 04817 International Traditions 14-Piece Knife Set with Block, Natural
- Farberware Resin 3-Piece Set, 8-Inch Chef, 5-1/2-Inch Utility and 3-1/2-Inch Parer
- Chicago Cutlery 18-Piece Insignia Steel Knife Set with Block and In-Block Sharpener
- Cook N Home 15-Piece Stainless-Steel Cutlery Set with Storage Block
- Ginsu 7108 Chikara 8-Piece Stainless Steel Knife Set with Bamboo Block
If looking for the ideal car for driving around New South Wales, then it will be of great benefit to take into account the space factor. The great thing is that there are plenty of top-model cars with 7 seats available in Australia. They are cars which are spacious enough not only to accommodate 7 people but luggage as well; perfect for escaping the Sydney hustle and bustle for a weekend road trip to Newcastle.
Note that considering a car which is spacious enough is an advantage especially if you have a large family. This is to ensure that everyone fits and above all feel comfortable. In addition to space and comfort, it is important to consider the reliability of the car you have chosen. A high quality car will always be the ideal choice.
Below is a list of best 7 seats vehicles which are available in Australian motor shops, according to www.FamilyCarsAustralia.com (click here to view website):
The Honda Company has for long been known to produce high quality and classy cars. In this regard Honda Odyssey will work as an ideal car for you when in Australia. Everything about this car is perfect to fit your interests.
To start with, it is a car with 7 seats which are completely comfortable for you and your family. In addition, it has a very elegant appearance and can match both male and female drivers. Important to note, Honda Odyssey has economical fuel consumption rate and it is completely reliable.
PEUGEOT 308 TOURING
This is yet another 7 seats car which is of an outstanding quality and reliability. The great thing about this type of car is the fact that you can choose from a wide range of models. You can opt to choose a 1.6L or 2.0L models with regard to your interests and satisfaction.
Alternatively, you can choose to drive an automatic or manual Peugeot 308 touring. In the same vein, there is also an option of either a diesel or petro consuming car. With the above wide range of choices, it is evident that you will not lack the ideal model to suit you.
MERCEDES BENZ R-CLASS
If being classy is your thing, Mercedes Benz R-class might perfectly match you. It is one of the most comfortable and stylish 7 seats cars. It is very powerful and can cover remarkably long distance without developing hitches.
The car bears an integration of very outstanding features which greatly complements your driving experience. However, Mercedes Benz R-Class is quite expensive to buy and to maintain too. In this regard, it is wise for you to only choose this car model only if you are in a stable financial position.
If looking for a middle class but comfortable 7 seats car, then Toyota Prius might be just what you are looking for. It is one of the best hybrid cars which have been introduced not so long ago. The car bears a 1.8L engine which is powerful enough and can last for a very long time.
In addition, Toyota Prius bears a reverse camera screen which plays an added advantage since there are side mirrors too. Note to forget, the seats of this car are super comfortable and spacious enough. In short, everything about Toyota Prius is just impressive.
New drivers can be a little confused by the variety of car insurance options, though there are some that are very popular among most drivers, like the 3rd party car insurance. Sydney is a busy place and the traffic congestion is rife. Car accidents can be common and most drivers will experience at least one accident in their driving lifetime. One common form of insurance is third party insurance.
About third party car insurance in Australia:
Compulsory 3rd party:
This is the minimum car insurance cover required by law, and is usually paid for together with the renewal of your car’s registration. This option covers injuries caused to other people in the event of an accident, and you are found to be at fault.
This is the reason why the law requires all vehicles on the road to be registered. One shortcoming of this cover is that it does not cover the driver for any expenses resulting from injuries to oneself during the accident. It, however, covers your passengers and road users.
3rd Party Property Damage:
This cover offsets all expenses incurred when your vehicle damages another person’s property, and you are found to be at fault. There are many things that you can bump into and damage in an accident, including other vehicles, bicycles, motorbikes, recreation vehicles, trailers, fences, and even homes, if you are that unfortunate.
Fire and theft cover:
This cover comes as an addition to the property damage insurance, to offset the expenses incurred when your motor vehicle is stolen or burnt.
There is a form of insurance that provides cover for all the cases mentioned above, and more, known as comprehensive car insurance, which you can find out more about by viewing this article.
So, now you know the options available for 3rd party car insurance, but which one should you get? Is there a way for you to reduce the car insurance policy of your choice?
You can choose the type of cover that is most appealing to you, though you may need to consider what you stand to gain by selecting a particular cover, as well as its possible disadvantages.
For instance, there are some 3rd party property damage insurers that provide a small amount of cover in the event that you are involved in an accident and you are not at fault, yet the driver at fault is not insured. Such insurers limit their compensation to $3000, which should be adequate to cover all damage to your vehicle in any kind of accident.
Some 3rd party insurers also provide their clients with packages to reduce the inconvenience caused by an accident.
Some of the benefits include:
Guidance to a professional repairer in your region, lifetime repair guarantee, emergency repair cover, a replacement vehicle or an agreed value if your car is written-off or stolen, a rental car in the event that your car is stolen, and protection for child seats and personal effects in your car, among others. So, you should be on the lookout to see what your insurer has to offer.
Cost is another factor that you should consider when insuring your car. You may wish to be covered for multiple items using the comprehensive cover, but this may turn out to be an expensive endeavour due to costly premiums, especially if your vehicle’s worth is around $5,000 or less. Going for the cheapest 3rd party insurance is also not advisable, since you may get a poor package.
Always do your research, and if cost is a really big issue, put the policy under the name of a female driver, and list male drivers as additional drivers. This is because women are statistically proven to be less prone to car accidents, and tend to receive discounted insurance. You can find out further information at new Australian Third Party Car Insurance website here.