Most mortgage holders will be able to cope if and when interest rates start rising.
That’s one of the findings from the Reserve Bank of Australia’s (RBA) latest half-yearly Financial Stability Review.
Belinda Gibson
Your budget should be based off your take home income, from your base pay–if you receive overtime or allowances try not to include this.
Being a homeowner, you'll now have new bills to pay that you’ve never had before. So, in your homeowner budget be sure to consider; internet, gas, electricity, council rates, body corporate fees, building insurance, transport costs (tolls, petrol, car service, rego) and the big one in these hard times…. FOOD!!
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