Helen has just been told she will receive a $250,000-$300,000 inheritance. Paul Clitheroe advises her on how to manage the windfall.
Jobs are hard to find and property is expensive but, if you’re a millennial, there are ways for you to get ahead.
When I bought my ramshackle first home in the 1980s, I just wanted to get my foot on the property ladder. But millennials want their dream home now.
Netflix charges, online shopping and recurring direct debits are draining the bank accounts of young Australians, who are battling with “invisible” money and losing.
New research from ASFA shows Aussies aged under 30 tend to have more money in their super accounts than their bank balances but 40% have no idea what their super balance is and a further 16% have only a vague idea. The good news: ASFA is giving away $1000 for a young Australian.
Despite the instant gratification that people may get from accessing their super to buy a home, it is an impossible dream given the objective of super. Super is becoming a $2 trillion political football but it is a giant insurance policy for our retirement not a giant water hydrant to put out a fiery property problem.
Nearly half of Gen Y say now is the time to start thinking about super, according to surprising new research.
There’s always been plenty of debate about why younger people can’t enter the housing market, and in recent weeks it has kicked up a gear.