1st street Blog

Making the most of record low interest rates - 10/09/2019

The Reserve Bank of Australia (RBA) took the cash rate to a record low of 1% in July, bringing mortgage rates to their lowest level in more than half a century. However, the low cash rate also means your money in the bank could be earning less interest. Why did the RBA cut rates? Rate […]

Our top 10 lifestyle costs - 10/09/2019

Six out of the top 10 categories relate to just two things. Can you guess what they are, and could you be cutting back? As a nation, Aussies aged 18 and over spent approximately $145 billion on lifestyle costs over a 12-month period, with the average spend per person around $7,800, according to research1. While […]

Be aware of your money biases - 10/09/2019

Knowledge is power. The more you’re aware of how your mind works the more you can adjust your attitude towards money. Six cognitive biases that influence how we save, spend and invest money We like to think we’re rational beings. But the reality is that a lot of our daily behaviour is influenced by our […]

How to save money - 03/06/2019

Saving money doesn’t just happen, but these steps could help you to reach your saving goals sooner. How Australians save Research has found that almost three quarters of Australians surveyed save by putting spare money into a savings account, whether they do this themselves or via an automatic transfer. Other popular savings methods include keeping […]

What kind of money parent are you? - 03/06/2019

Many parents approach the topic of money differently, but could your way of doing things influence your kids’ success? The majority of Aussie mums and dads recognise that they’re accountable when it comes to shaping their children’s perspective around money matters. A recent report published by the Financial Planning Association of Australia (FPA), revealed parents […]

Take control of your finances now for the new financial year - 03/06/2019

If you set yourself money goals at the start of 2019, the upcoming new financial year is a great time to check if you’re on track. And if you didn’t set any goals – or if you have strayed off track – this is the perfect time to get organised, write a checklist and stick […]

6 ways to reduce credit card debt once and for all - 08/03/2019

Here are some tips to start paying off your debt $45 billion. That’s how much Australians owe on their credit cards.i Now, perhaps that’s no drama if we’re not paying too much to access credit and we’re managing to avoid interest charges by paying back what we owe on time. But we paid a collective […]

Fussy buyers snub houses that don’t present well - 08/03/2019

If presentation isn’t on point, many buyers keep looking, which is an important point to remember for those wanting to sell in the current market. When property prices boomed, buyers would look past the 1970s bathroom and the untidy garden, but with prices coming down, those looking to sell need to go the extra mile […]

10 money conversations to have when your relationship heats up - 08/03/2019

It’s probably not the sexiest thing the two of you have on the to-do list but putting off talking about your financial expectations could see you butting heads. If you have been together for a while or are edging on making a big financial decision together, having the money talk could make a big difference […]

Does it pay to plan ahead when you travel? - 04/12/2018

You may be keen to go wherever the wind takes you, or you might be a plan-to-the-hour type of traveller. There are benefits to both styles. Travellers often fall into two categories—the planned and the unplanned—and more than likely, you already know which of the two camps you belong to, or if you sit somewhere […]

Here’s how to lead a happier life - 04/12/2018

From our beaches and outdoor lifestyle to our democracy and cultural diversity, there a lot to feel happy about in Australia. However, living a happy life doesn’t always come easy. Concerns about money, relationships and the future can often stand in the way of living the life you want. The good news is there are […]

7 Money personalities you may identify with or want to avoid.. - 04/12/2018

Are you the friend that shouts more than what you can afford, or the one that’s happy with a handout because no one knows struggle street like you do? When it comes to money and people’s behaviour, you may have a few labels or preferred ways of describing those nearest and dearest to you – […]

How can I own my home sooner - 06/11/2018

It doesn’t have to be the stuff of dreams. There are several 1st Street approved strategies that could help you pay off your home loan sooner. And it doesn’t necessarily mean sacrificing the things you love doing today. The first step towards paying off your home sooner is to understand your loan—how much you owe, how […]

3 Powerful Money Lessons To Teach your Kids - 04/10/2018

The best way to learn is by doing – and doing as young as possible. That’s the philosophy behind the Spriggy app, which gives kids aged 8 to 17 a Visa debit card and an attached account that their parents can transfer pocket money into, and supervise in real time. (Even lock it if they need […]

Bridging loans – How to Get a New Property without Waiting for the Old One to Sell - 03/07/2018

It’s best to sell one property before buying a next, right?  Not necessarily. What if you find your dream property before your finances can handle the purchase outright? Well, you have two choices.  The first is to wait until you can get the funds together and hope that no one else takes it off the market.  […]

Are you entitled to a tax deduction on personal super contributions? - 14/06/2018

This financial year is the first time that employees can claim a tax deduction for their personal super contributions. Personal super contributions made during the 2017-18 financial year can now be claimed as a tax deduction by most Australian workers. This follows changes made by the government which came into effect on 1 July 2017. […]

More Sydney Suburbs open up for Middle-Income Earners - 06/06/2018

For several years, Sydney has been one of the strongest property markets in the country.  Each year has seen increases in median property prices across all Sydney suburbs.  This has changed in the last year, with interest from both local and foreign investors dropping to levels lower than anything seen in the last decade. This […]

How to make money by turning unwanted goods into cash$$ - 03/06/2018

Whether it’s not-quite-right gifts you have received or the results of an annual clean out, your trash might be someone else’s treasure. A survey by online marketplace Gumtree found that Australians received more than 21 million unwanted gifts for Christmas in 2017 with an average value of $68 eachi. If that sounds familiar, you might […]

Now is the time for tax planning - 03/06/2018

With not much time remaining to the end of the financial year, now is the time to start some serious tax planning. Getting ready for tax time should go well beyond bundling receipts into a shoe box for your accountant. The run up to 30 June is a critical time for investors to take a […]

How to deal with financial stress - 03/06/2018

 Close to one in three Aussies is feeling the pinch financially, with money worries reportedly leading to sleep loss, conflicts in relationships, isolation, as well as a range of other things.i  These were the findings from the inaugural Financial Stress Index, compiled by global research firm CoreData on behalf of Aussie group, Financial Mindfulness, which […]