How Australians Can Beat Home Loan Stress

Most Australians have had it good for so long that the belt-tightening and home loan/debt stress that has affected people overseas has not been much in evidence here.

But there are growing signs that “watching the pennies” is becoming slowly more widespread around Australia and that reflects the global and local uncertainty with the financial system.

Taking personal financial responsibility to lower interest payments and create lower bills is what we’re all about and so here we look at a few ways that you can beat any potential home loan stress by taking action now.

Continue reading →

You don’t have to be an Australian citizen to buy property!

Depending on your residency or immigration status there are restrictions on your ability to arrange an Australian home loan and buy property in the country.

The key guidelines to buying a property and associated restrictions are detailed below.

Australian Citizens or Permanent Residents of Australia

There are no restrictions for Australian citizens or permanent residents buying property within the country, but laws for buying property do vary between states.

You will need to check local state laws and regulations. For example, in NSW, an offer to buy a property is considered a non-binding “offer”, whereas in Queensland, an offer needs to be signed by the purchaser and is a legally binding contract, if accepted by the selling party.

Continue reading →

Transferring debt to one low interest card can help

There are plenty of deals around that can help you consolidate several cards into one and reduce your overall debt, but those same deals can worsen the situation if you do not examine them properly and follow the conditions attached to them very closely.

Below we cover three great tips for getting one that suits you best. Continue reading →

CHENNAI, INDIA: In its drive to become a total information technology (IT) solutions provider, the US-based computer hardware major Dell will double the headcount at its Force 10 Networks centre here, said a senior official.

Dell had recently acquired the US-based $200 million revenue networking company Force 10 Networks.

"India is playing a strategic part in driving Dell's transformation globally into a solutions and services enterprise. Chennai is a critical growth engine for Dell as it has manufacturing facility, services and research and development centres. Further, Force 10 Networks also has its R&D centre in the city," Suresh Vaswani, executive vice president, Dell Services and chairman, Dell India told reporters here Tuesday.

Force 10 Networks has a 265-people strong R&D centre here and Dell will double the headcount over the next one year, he said.

According to Vaswani, the Force 10 Networks acquisition might result in manufacturing of some networking products at Dell's factory near here.

Force 10 Networks' development centre here meets nearly 75 per cent of the company's software needs and, in the case of hardware, around 25 per cent work is done in the country.

Vaswani said Dell India is the number one computer company in India across the market segments.

He said the company has a 1.6 million units per annum plant at Sriperumbudur near here and has ample space for expansion.