When you buy a house for another party you will need to pay Transfer Duty (formerly known as Stamp Duty). However, if you’re a first home buyer in NSW you will only pay a concessional rate or no Duty at all if you meet a set of criteria.
Economist were on the edge of their seats on Tuesday… but not because of GameStop stock. It was the Reserve Bank of Australia’s (RBAs) interest rate decision day, and it came with some surprises. Whilst the RBA governor Philip Lowe announced that the Central Bank will keep its cash rate target at a record low 0.1%, which was expected, he also said that the RBA was unlikely to consider raising this rate before 2024. That is over three years away!
Buying a home at auction can be a pretty stressful time. The money stakes are high and most people are likely out of their comfort zone. Here are some tips to help bid at auctions confidently.
02-02-2021
George Lucas, Raiz Group CEO
Equity markets felt the effects over the last 10 days of the surreal GameStop saga, which saw shares in the retailer, which operates a network of 5000 video game stores in the US, rise stratospherically as day traders laid siege to short-sellers betting against the loss-making chain.
Each Raiz member has their own unique financial personality and preferences – including how and when they invest their money. You might be a round-up specialist, a habitual recurring investor, or deposit one-off investments from time to time when the opportunity is right for you. Think right after pay day for example 😊
19-01-2021
George Lucas, Raiz Group CEO
One of the big themes to watch this year will be the vaccine-led economic recoveries in nations hard hit by the coronavirus pandemic. This is driven by recent developments suggesting that vaccines will be distributed on a sufficient scale to quash COVID-19 in most developed countries.
We at Raiz are proud of the support from our customers in December whose efforts assisted us in planting trees. The small efforts from our customers have added up to make a big difference, whether it is by improving their finances or helping in our effort to fight the negative effects of climate change.
Raiz Rewards is our rewards program that sits within the Raiz app. Users can earn a percentage of their purchase invested back into their Raiz Invest or Raiz Super account, and the rewards are eligible on top of on-site sales. With over 250 brands to choose from there is something for everyone – from fashion to tech to travel. Before making a purchase, simply go to the Raiz Rewards section in the app and click the “Shop Online Here” button for the brand you’d like to shop with.
Purchasing a home is a huge financial commitment. It can often seem daunting and at times even unattainable.
We are always looking forward at Raiz and know that the path to long term wealth creation through investing can be uncertain. It is always helpful to get the opinions of those who spend their days and nights tracking the movements of the markets, aiding our community to better understand how market participants are thinking and feeling about the economy.
