Choosing between a personal loan and a credit card

You’re beginning to plan your wedding and you need to start paying suppliers. Perhaps you need to break free of the daily grind and go on that family vacation or new year, new you retreat. Maybe you backed into a pole at the shopping centre car park and you...

You’re beginning to plan your wedding and you need to start paying suppliers. Perhaps you need to break free...

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Your home in 2021 — love, list or buy?

Every January, we have a chance to reflect on the year and think about the future. What do we want to achieve in the next 12 months? Where to go on holiday? Could the house do with a lick of paint? However, 2020 was a bit different, fundamentally changing the...

Every January, we have a chance to reflect on the year and think about the future. What do we...

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What is compound interest and how is it calculated?

Interest is the money paid to you by your financial institution to reward you for banking your savings dollars with them. Compound interest is the simple equation which could help amass more dollars in your savings account. Albert Einstein referred to compound interest as the 8th wonder of the world...

Interest is the money paid to you by your financial institution to reward you for banking your savings dollars...

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What is negative and positive gearing?

When tuning in to media coverage around property and particularly investment properties, there is a good chance you’ve heard the term ‘negatively geared’. Of course, as balance would have it, there is also another relative concept called ‘positively geared’. Put simply, negative gearing is where you’ve borrowed money to invest,...

When tuning in to media coverage around property and particularly investment properties, there is a good chance you’ve heard...

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How can I earn interest on my money?

Earning interest on your money is one of the ways you can begin to grow wealth and have your savings working for you, whether you’re saving for something specific such as a holiday or a deposit on a house, or you’re just setting aside some ‘rainy day’ money. There are...

Earning interest on your money is one of the ways you can begin to grow wealth and have your...

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What are some of the ‘extra’ payments when buying a house?

You’ve been following the market, looking at mortgage calculators, and you’ve got your eye on a house you’d like to make your home. The problem is, you’ve been fixated on the cost of the house. You know how many hundred thousand you’re willing to pay for it, but you may...

You’ve been following the market, looking at mortgage calculators, and you’ve got your eye on a house you’d like...

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Banking Re-imagined has Arrived in Lismore & Mullumbimby

Australia’s Mutual Lender of the Year, Southern Cross Credit Union (SCCU) has re-opened the doors to their redesigned Lismore and Mullumbimby Financial Service Centre (FSC) and it’s catching local attention. At a time when many have had to pull back on spending, SCCU is doing the opposite. Reinvesting into the...

Australia’s Mutual Lender of the Year, Southern Cross Credit Union (SCCU) has re-opened the doors to their redesigned Lismore...

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Avoiding Building Budget Blowout

If you’re knocking up a cubbyhouse for the kids, it’s not the worst thing in the world if you go over budget. An extra set of nails or timber won’t require you to tap into any additional savings. However, if you’re building a new home, those additional costs can amount...

If you’re knocking up a cubbyhouse for the kids, it’s not the worst thing in the world if you...

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What to do When Looking to Refinance Your Home Loan

Buying a house can be such a challenging ordeal that you may be tempted to set and forget – simply paying your regular repayments. Whilst some people’s circumstances may not have changed and their home loan is still fit for purpose, your needs may have altered. You may have...

Buying a house can be such a challenging ordeal that you may be tempted to set and forget –...

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Australia’s Mutual Lender of the Year awards $60K in Community Grants

Southern Cross Credit Union have today announced the six successful recipients of this year's Community Grants program, awarded to families, community groups and small business. After opening up the program beyond Community Groups, the local Credit Union received a record-breaking175 applications and over 5000 community votes, generating more public interest than...

Southern Cross Credit Union have today announced the six successful recipients of this year's Community Grants program, awarded to families,...

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Who is the RBA and what is the ‘cash rate’

On the first Tuesday of every month, the Reserve Bank of Australia (RBA) announces what it plans to do with interest rate. Whilst it very rarely exceeds a ¼% increase or decrease, it often gets a mention on the evening news. It’s a fundamental influence on our national economy and...

On the first Tuesday of every month, the Reserve Bank of Australia (RBA) announces what it plans to do...

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Understanding what factors into a neighbourhood’s value

Neighbourhood value may be something you may think of, if only subconsciously. You may have a feeling or a thought about particularly suburbs or regions being more appealing or inviting than others. There are several elements that may go into determining the nature of a neighbourhood value. Being more aware...

Neighbourhood value may be something you may think of, if only subconsciously. You may have a feeling or a...

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