Posts Tagged ‘Australia’

05.26
15

Some Acceptable Financial Sources And Requirements To Study In Australia

by como ·

Do you want to go to Australia to study in the colleges of the country? Make sure that either you or your sponsor has enough financial strength to pay your charges while you are in Australia. Your tuition and living expenditures are going to be a heavy burden on the finance, so you have to be very careful about the restive expenses that you incur.
Sources:
There are some acceptable sources from where the money for you and your family can be obtained. Some of these sources to support you are:
If you, your spouse, your brother or sister, your parents and your grandparents have a money deposit with any financial institution for 3 months or more prior to the date of your visa application then that can be considered as a reliable source. You may have an uncle or aunt living in Australia or are either a citizen /permanent resident of the country or an eligible citizen of New Zealand, and then also you can take support from their financial account for immigration to Australia.
A financial institution may have granted a loan to or in the name of your spouse, your brother or sister, your parents, your grandparents and last but not the least you. Your uncle or aunt who usually lives in Australia and is either a citizen/permanent resident of the country or an eligible citizen of the country of New Zealand, then a loan by a financial institution either to them or in their name is an acceptable source. For a student visa in Australia:
You may get a loan from the government of your home country.
Your proposed education provider i.e. the college, university or institution can also provide you a grant which is acceptable and adequate.
The Australian Government or a State or Territory government in the nation can render you a financial assistance
Any foreign country government can lend a help
You may obtain a loan from a financial or state government of a foreign country that has the written support of the national government of the said foreign country.
An organization under the statutory control of a minister can also give economic help
A non-profit enterprise which is admissible according to the policies of Australia
A multilateral agency can also render financial support such as United Nations, World Bank or Asian Development Bank.
Proofs and documents for bank deposits:
After you immigrate to Australia do not give anybody the chance to question your ethics and integrity and always keep the evidence of the source of money ready. You may have a money deposit in a bank, for this the required proofs are:
Pay slips of the bank
Bank loan documents
Interest that you get from the investments.
Documents for loans:
A loan demands the following evidences:
A bank statement clearly showing the credit amount available.
A statement from the individual who took the loan that its purpose is to support your studies.
If you are interested in applying for Australian student visa and study in one of the prestigious institutions in the country of emu, then get ready with the assortment of documents to the land of the golden wattle.

06.27
14

Financefix- They help your future by fixing your financial constraints

by como ·

Finance from a bank or a company is increasingly becoming an indispensable need of our lives. Whether, be it for personal purpose or commercial, loan from a company or a bank help you in the wake of financial constraints. It is thus very important to manage your finances effectively. One may need loans for buying a house or a car, for business growth, or to acquire costly education. Inept management of finances can lead to restoration shortages. Experts believe that improved credit scores increases the probability of getting a loan way too easily. A good credit history is considered highly important and is an essential factor for a lot of banks and companies on which they provide loans.

Thus, a problematic or bad credit history can indeed create issues in the way of getting finances or loans. In that case, one can always turn to Financefix. Financefix Private Limited, incorporated in year 2006 is a proud member of Financiers Association of Australia. It was found at a time when so called -mainstream- finance was not available for those people who had some finance issues in the past. As a result, it created defaults on their credit history file forbidding them from getting finances from a bank or a company.

Thus, the need of setting up of Financefix was felt to help people who could not get through the mainstream finance. Financefix believes that most of them were good people but were incapable of getting finances because they had certain credit problems. Even when they are capable of affording a loan, their past record doesn’t allow them to get through any of the mainstream finance companies or banks. Therefore, Financefix ensures to finance such people with credit problems in the past, provided they earn enough to afford the repayments.

Also, Financefix makes automotive financing a hassle free and seamless task. They have an extensive range of cars that are carefully tested in workshop and are sold with a RWC or a safety certificate with a 3 year warranty is given with the loan. Besides automotive financing, Financefix has an extensive range of finance and insurance products as well. Financing with Financefix is easy and promising that just requires completion of their online application form that is free and easy to fill. . The limit of the loan usually exceeds to a maximum of $8000. Financefix’s Credit impaired car loans has few conditions that involves one must have enough income to afford repayments and a deposit amount of usually $1000-$2000 is a must. Financefix’s commits itself to be your trusted finance partner and promises to be there in every step of the way to help you. To know more about their services in finance and insurance, please visit their website at www.financefix.com.au

04.27
14

Is Now the Right Time to Buy a Home

by como ·

Your mother was right! Mothers like stability, and nothing says
it more than owning your own home – it’s the ticket to sitting at the
big people’s table and being treated as an adult. Talk to anyone over
the age of forty – or most people in a suit – and they’ll no doubt
advise you: ‘Buy a house as soon as you can, start paying it off, it’s
the best investment you can make.’

While it’s true that if you
plan on living under a roof for the next fifty or so years, it’s
probably a good idea to eventually buy a house, but the notion of ‘buy a
house as quickly as you can’ is based more on emotion than logic. This
is a weird aspect of the financial world – there seems to be an
undertone of largely condescending advice that presupposes there is just
one correct path, one correct action for everyone to follow.

Hey
I’m not dissin’ the great Australian dream, just merely highlighting
that home ownership isn’t solely a financial decision – it’s an
emotional one as well. Far better for me to discuss both sides of the
home ownership coin and let you reach your own conclusion. Let’s take a
look at some of the advantages of owning your own home, followed by some
of the disadvantages.

The up side

Forced savings
– Owning your home forces you to get serious about reining in your
spending and start sorting out your money situation – nothing beats
regular mortgage repayments to make you save. The forced discipline of
regularly paying off an asset over many years is the reason most people
make money out of property over the long term.

Taxation
If you purchase a home and live there before (hopefully) selling it at a
profit, no capital gains tax is paid, unlike investing in shares (or
property in which you don’t live), where a proportion of the profit you
make is taxed at your marginal tax rate. Huh? Look, tax is boring, tax
costs you money – tax sucks. Just remember this – if you sell the house
you live in and make a zillion bucks profit out of it, you don’t have to
share it with the Government, and these days pretty much everything is
taxed to some degree, so it’s a sweet deal.

Originality
Owning your own home allows you to add your own personal touch to the
place where you live. Take the ‘hit’ of home renovation and you can
spend cosy weekends at Bunnings, wild nights at Ikea – even use your
hydroponics skills to grow a real vegie garden. If you rent there’s not
much point in repainting your bathroom, because (a) it’s not your house
and (b) you’re probably going to move on in twelve months or so.

King of your castle
– Being the king (or queen) of your castle means you’re not at the
mercy of a landlord or real estate agent. If you rent, your house can be
sold, or your lease may not be renewed, which means that you may be
forced to move every couple of years. There’s also what I call the
‘aggro effect’ of renting – applying for properties, surprise
inspections, snooty property managers and crazy landlords. Lassie also
gets a rough deal here. He may be able to save drowning kids from lakes
and faithfully deliver your paper each morning, but that doesn’t usually
cut it with landlords, many of whom stipulate a no pet policy. Then
again, I’ve lived in plenty of places that were home to a colony of
cockroaches, as well as a family of mice, and that didn’t seem to bother
them.

Emotions – While it’s different for everyone,
most people would agree that owning a home packs an emotional punch.
It’s stability in your life. There’s a certain sense of pride in
actually owning a little chunk of Australia. It’s the warm fuzzy feeling
you get when you stand by the fireplace and admire the fact that you’ve
now got something behind you that is uniquely yours.

The down side

Costs
– You’d have had to be living under a rock for the past ten years if
you didn’t realise that property prices have skyrocketed. In order to
get a foothold in the property maker, purchasing a home in any of our
major cities (and increasingly in the regional towns) involves taking
out mortgages for seriously big bucks – and a huge mortgage equals huge
repayments. I’ve got friends who’ve purchased homes, and the repayments
have significantly changed their lives. I’m not talking about delaying
that trip to the Bahamas; they feel it in the small ways, like fretting
over going out for Sunday brunch.

Yet more costs – When you
purchase a home there are significant upfront costs involved, such as
stamp duty, conveyancing, fees associated with getting a mortgage, and
ongoing costs (that renters don’t pay) such as council and water rates.
When you rent you don’t pay any upkeep, which means for any repairs all
you have to do is ring up your real estate agent, who’ll arrange for a
handyman to fix them, and the landlord gets lumped with the bill.

Freedom
– The freedom of renting enables you to pretty much pick up, pack up
and go. You’re not constrained by mortgage repayments, and that allows
you to stay somewhere for a week, six months, a year or five years, and
always have the choice of packing up and going should you seek greener
pastures, get the travel bug, or move for a job opportunity somewhere
else.

Putting it all together

You may be starting to
think that I’m anti-property. That couldn’t be further from the truth.
In my heart of hearts I’m a contrarian. Pretty simple really: sell when
people are buying and buy when people are selling. Sounds logical on
paper wouldn’t you agree? I want a home. I have a deposit. I’m sick of
renting. I can’t stand my landlord. I’m waiting. Patiently.

Riddle me this, Barefoot

Have you ever noticed that most of the people telling us to buy property are the people who are selling it?