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What’s inside the October issue of Money magazine

october issue money magazine

The October issue of Money is on sale now. From where to invest $10k to what to do when your interest-only home loan ends, here’s what you can expect.

Where to invest $10k

Eight experts, including Ross Greenwood, Paul Clitheroe, Scott Phillips and Naomi Simson, reveal where they would invest $10,000. Plus, they tackle the questions people are asking now including which outer suburbs are a good investment and what stocks will be the next Afterpay or Netflix.

What Aussies need to know about redraw

Borrowers with a redraw facility on their home loan should read the fine print and be aware of exactly what their bank can do with that money. Most Aussie banks have a clause saying the lender can refuse requests to withdraw money from the redraw facility. We reveal traps to avoid, including whether that option is costing you more in the long run.

Is insurance through your super worthless? 

Aussies are paying $9 billion a year for life, TPD and income protection insurance through their super but certain clauses may render the policies worthless. We compare insurance inside and outside super and show you how to get the best of both worlds.

What to do when your interest-only home loan ends 

A record number of interest-only mortgages are due to expire by 2020. With $240 billion in loans set to roll over to principal and interest in the next two years, homeowners need to be prepared for rising mortgage payments. Money outlines the steps to take to prepare.

How to drive a better deal on your car insurance 

A car is stolen every 10 minutes in Australia, so car insurance is a wise move. But while premiums are important, there are other factors to consider when buying a policy, such as choice of car and its ANCAP rating. Plus we reveal Australia’s worst suburbs for vehicle theft.

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