Have you noticed that the cost of living has risen so much lately?
With Petrol, groceries, interest rates( even though they are on hold) and electricity all keep going up?
And that’s not even counting the possible new carbon tax.
Meanwhile I don’t know anyone with income going up at the same rate- except for those benefiting from the iron ore mining boom in Western Australia.
This is now a “two speed economy” with everyone’s costs going up but only the ones on the” upper speed” income going up.
So what can we do?
1. Use daily deal sites , such as mine(full disclosure) www.qualitydeals.com.au and buy and try everything on special, such as our deal last week where you got a $500 service with Holden for $115 bucks and I mean it REALLY was worth $500 bucks- we don’t exaggerate deals like some people we know! Everyone needs their car serviced and the boys at Holden did us a deal for all makes and models not just Holden!
2. Fix your interest rate, My mortgage broking company www.modelmortgages.com.au formed a specialist division 3 years ago just for people wishing to fix their rates it’s called www.fixmyloan.com.au and now more than ever are people needing specialist brokers in this space.( and we don’t charge at the moment, although fees might come in soon)
3. If you can’t beat them join them, we have formed relationships with buyers agents and real estate agents who specialize in selling property that is rented to mining companies directly or their employees. We also have relationships with stock brokers who sell shares in the mines but many of our clients are more comfortable with the leverage in property. If you want information on this please call me Virginia on 0413124262 or email me at virginia@modelmortgages.com.au
Virginia Graham manages Model Mortgages, and is a qualified financial planner. She is regularly consulted by the Austereo MMM radio network on interest rates and has appeared on Channel Seven news and current affairs programs as well as more recently the Ch 9 Today show.