Bill Tsouvalas

Managing editor - personal finance

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40% of Australians Intend to Buy Cryptocurrency in 2021

Australian 2021 Cryptocurrency Survey Is Cryptocurrency – the currencies powered by complex calculations and decentralised ledgers known as blockchain technology – the money of the future? According to a new survey by Savvy, a third of Australians are betting that it is: and 40% are willing to convert their paper

Nine out of ten Australians agree property prices are becoming unaffordable: Survey

Housing Affordability and sentiment Survey 2020-21 32.4% Cannot afford property as prices are too high 26% believe foreign ownership is to blame 37.1% of respondents who bought were concerned about being left behind Two-thirds believe JobKeeper/Seeker stimulus is unlikely to have effect on prices   A recent survey conducted by

Which capital cities are the most affordable for rent in Australia?

Most affordable capital cities for rent in Australia – December 2020 Report The ups and downs in the rental market over 2020 will surprise you – especially the least affordable city! Over the last 12 months, there’s been a lot of ups and downs in rent affordability in Australia in

Survey: One in four with current car loans gained a deferral during COVID-19

Survey: One in four with current car loans gained a deferral during COVID-19 A survey of 1,001 respondents commissioned by Savvy was split right down the middle among Male and Female demographics and almost evenly among all major age groups (18-24, 25-34, 35-44, 45-54, 55-64, 65+) showed that about 20.3%

47% of Australians prefer paying via digital wallet – Survey

47% of Australians prefer paying via digital wallet A new survey conducted by Savvy, shows that 46.5% of respondents have a digital wallet, and it’s only a matter of time before the take-up is as ubiquitous as smartphones themselves. The survey polled 1,003 Australians on their daily payment habits. The results

Offset vs redraw facility: What you need to know

What is an Offset account? An offset account is a savings account or transaction account that can be linked to your home loan account. This is a handy feature that can come in handy for Australians that are looking for ways to reduce their mortgage by using the accounts balance to offset

5 things you can do to avoid January stress and regrets

Save money ahead of time If you want to have more money for presents in December, don’t go into overdraft on your credit card. Going into debt is not the solution to your problem. Instead, start saving up and start as early as possible. Some people manage this situation by

I’m self employed. Will I get a car loan?

Consumer Loan Options This option is for people who are using the car for personal purposes. A consumer car loan is what’s commonly referred to a “car loan.”  These loans are regulated by the National Consumer Credit Protection Act (NCCPA.) This law safeguards consumers applying for credit, clearly detailing the lenders’ and

Things you need to watch when applying for a car loan

Now, it seems impossible for you to continue like this and you make a decision: you are going to get your own car. With the proper determination and will, you decide to dive in and apply for a loan. Here’s what you need to know when you get to the middle

Is it possible to get a home loan on single income?

Start saving for a deposit You may have already thought of saving for a deposit, but the amount that you put away can make a difference. If you are planning on taking out a home loan on a single income you will need to prove to your lenders that you

Taking out a personal loan as a single parent

What can single parents use a personal loan for? A personal loan is a diverse loan that can serve various needs, but most importantly it can help borrowers cover their expenses adequately with lenders offering loans that go up to a maximum of $50,000. You can use a personal loan