Buying and selling a home can be confusing for most of us. Here is some basics to help make the process as clear as possible.   Save for a Deposit The deposit is the initial cost you will need to pay when buying a home. The first step is to get your finances sorted and do a budget to identify how much you can afford to save for your deposit and work out what you

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Our daily lives revolve around our families and work. A combination or one or the other of these dynamics means communicating on many levels. Fortunate or unfortunate most of our communication is driven by technology. We switch to our mobile phones or our televisions as the quickest and easiest way to keep us informed or in touch.Social media platforms are in our faces constantly, however if this form of communication is placed in immature or

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There are two common ways to transfer property to a family member – either selling or gifting. When the owner changes (either way), the title needs to be updated. Selling the property You can transfer title property by selling it to a family member. Parents often do this for children this way and may adjust the price to give them a better deal than buying a property at market rates. You will be liable for

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In most cases when someone passes away their super is paid to their dependents. However, there are instances where it is paid to the deceased’s estate. If a person’s super is paid after death, it’s called a death benefit, this benefit is comprised of their super account balance and if there was any death insurance cover. It is important to carefully consider who will receive any benefit as even if someone doesn’t have a lot

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Whilst it is an easy conversation to ask loved ones including parents for money to buy a home or do renovations, little thought goes into the harder scenario on contemplating how you go about ensuring that those funds are repaid. If you loan monies to your children, will you get your money back? This creates difficulty, especially for the older generation who may be relying on those funds to retire comfortably. It is becoming common

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