This month’s issue

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AUGUST 2016

PAY OFF THE MORTGAGE OR INVEST

It’s one of the most popular questions Money readers ask – should I pay off my mortgage or invest? With interest rates at new lows you may be surprised to learn that there are better places to stash your extra cash than in the mortgage.  It is possible to do both and you may even end up as much as $2.5 million ahead in the long run by doing so.

SHOULD YOU LOCK IN YOUR HOME LOAN?

With official interest rates down to just 1.50% you may be asking yourself whether you should be locking in your home loan. The stats are not in your favour. RateCity research shows that over the past 20 years variable rate borrowers were better off than those who opted for a fixed rate 63% of the time. If you are tempted to fix though Money reveals what you should look for.

PROPERTY NO GO ZONES

Aussies might love investing in property but not all areas will perform well. Before you toss a few hundred thousand on an investment property you need to do your research. Property expert Terry Ryder reveals the danger signs investors should look out for and the areas to avoid.

HEALTH INSURANCE GAP

Out-of-pocket costs, also known as gap payments, totalled $1.33 billion for hospital treatments in the year to March. The average gap per hospital treatment was $304.86. So is health insurance even worth it? Money has tips on how to avoid – or at the very least minimise – the gap plus a guide to finding the best-value health insurance policy.

BREAKING UP IS HARD TO DO

A relationship breakdown is never fun but as well as the emotional toll there can be financial pain. Money has compiled a list of the steps you should take as soon as the relationship ends to protect your assets.

HIGHLIGHTS AND GIVEAWAYS

  • Book of the month giveaway: Don’t by Bob Selden, valued at $24.95.
  • Subscribe: subscribe to Money and win your choice of adventure valued at over $8000!
  • Save $30 on Hotspotting’s No Go Zones 2016 report

 

All this and more in the latest issue of Money magazine.