The Savings Tip Jar

This week on the pod we spoke with Justin Dowd from Australian Family Lawyers on the huge $350 billion wealth transfer (NAB figures) that's set to happen over the next couple decades. Baby Boomers are set to pass on their inheritances to their offspring, so Justin talked us through the importance of getting this right, as well as if this is fair and what this means for the Australian economy.

This week's episode guest stars Eleanor Creagh, the senior economist at Proptrack, a property analytics firm. We discussed the spring selling season, and why it's set to be a big one. We also discussed the home guarantee scheme tweaks taking effect from October and their effect on house prices and property demand. Eleanor was last on in episode 78, around this time last year - so it's good to get her on again for an update.Plus we also spoke to Harry O'Sullivan about 40-year mortgages. They are slowly increasing in popularity, and it's timely given Great Southern Bank came to the table with a new offer for first home buyers. But as Harry discusses, it's not all about lower repayments. You'll hear that he's quite against it, as all it might do is fuel house price gains further and induce demand, while adding significantly to interest costs.And all the latest news and savings tips of course. Harry and Denise's 40 year mortgage pieceshttps://www.savings.com.au/home-loans/should-first-home-buyers-take-out-a-40-year-home-loanhttps://www.savings.com.au/news/another-40-year-home-loan-hits-the-market03:25 - Savings tips - 7-Eleven App and mortgage repayments07:20 - Cashrewards no longer10:00 - ING travel debit news12:46 - Average home price surpasses $1m14:22 - 40 year mortgages with Harry26:48 - Spring selling season with Eleanor Creagh

We spoke to resident automotive journalist Alexi Falson about the latest car news. There's been some exciting new vehicles released recently, and Alexi's her eto give us an update. For Alexi's reviews of the vehicles mentioned you can head to onlineauto.com.au 00:45 - Savings tip, Which Grocer01:52 - Interesting cars lately06:08 - Latest utes07:46 - New car sales10:08 - Hyundai boosts warranty to 7 years

On this week's podcast we have an automotive double header. We spoke with Nick Potter from Stratton Finance about novated leases. We've talked a bit about them on the podcast before but never this in-depth. We discussed how it can benefit at tax time, which types of vehicles and demographic suits the novated lease, and when to lease instead of buy.00:40 - Savings tip01:14 - Novated lease basics02:13 - Tax benefits04:01 - Restrictions on car05:02 - When it makes financial sense06:26 - Getting your employer on board07:21 - Suitable cars

On this week's podcast we have an automotive double header. We spoke with Nick Potter from Stratton Finance about novated leases. We've talked a bit about them on the podcast before but never this in-depth. We discussed how it can benefit at tax time, which types of vehicles and demographic suits the novated lease, and when to lease instead of buy. Plus we spoke to resident automotive journalist Alexi Falson about the latest car news. There's been some exciting new vehicles released recently, and Alexi's here to give us an update. For Alexi's reviews of the vehicles mentioned you can head to onlineauto.com.au And all the latest personal finance news and savings tips01:55 - Savings tip, currency conversion trap & Reject Shop for snacks04:38 - GDP news09:00 - Property price news12:06 - Bad news for former Citi customers14:53 - Alexi's car market update27:41 - Novated leasing with Stratton's Nick Potter

We spoke to Brooke Cooper, editor at Your Mortgage, about the home guarantee scheme and the changes afoot. They are big changes - income limits scrapped, place numbers unlimited, and significant bumps in the price caps. So, will it actually help or will it just lead to yet more price rises? Details of the home guarantee scheme tweaks herehttps://www.yourmortgage.com.au/mortgage-news/home-guarantee-scheme-expansion-all-first-time-buyers-offered-5-deposit-option00:43 - Savings tips02:47 - What is the HGS04:26 - What are the big changes07:34 - More banks on the panel08:53 - More price rises then?

On this week's episode we have a bit of a potpourri. Our special guest this week is Olivia McArdle, the head of payments and deposits at Macquarie Bank. We spoke to her about the state of the savings account market, why customers are getting fed up with deposit conditions, and where the bank sees the market heading in the next little while.01:01 - Olivia's savings tip02:14 - Macquarie's savings products03:57 - Fed up with hoops05:25 - $2m deposit cap06:21 - Growing from investment banking09:19 - SMSF product10:15 - ACCC deposit inquiry

On this week's episode we have a bit of a potpourri. Our special guest this week is Olivia McArdle, the head of payments and deposits at Macquarie Bank. We spoke to her about the state of the savings account market, why customers are getting fed up with deposit conditions, and where the bank sees the market heading in the next little while.Plus we spoke to Brooke Cooper, editor at Your Mortgage, about the home guarantee scheme and the changes afoot. They are big changes - income limits scrapped, place numbers unlimited, and significant bumps in the price caps. So, will it actually help or will it just lead to yet more price rises? And all the latest news and savings tips of course.Details of the home guarantee scheme tweaks herehttps://www.yourmortgage.com.au/mortgage-news/home-guarantee-scheme-expansion-all-first-time-buyers-offered-5-deposit-option01:35 - Savings tips, use less moisturiser and stash a key04:05 - Inflation news07:40 - ING cashback news10:27 - PEXA settlement scams news16:07 - Home guarantee scheme tweaks with Brooke29:18 - What's Macquarie got cooking up with Olivia

We speak to, for the first time, fellow savings scribe Bea Garcia. We speak about which banks automatically lower repayments on home loans. Hint: Not many do, and you'll need to ask. But as Bea suggests, it might not be a bad idea to keep the repayments the same if you can.Bea's article: https://www.infochoice.com.au/home-loans/automatic-lower-repayments00:45 - Savings tip02:45 - Banks automatically lowering repayments04:05 - Steps customers need to take05:17 - Benefits of paying extra07:38 - How to calculate what works better for you

As the dust settles after the RBA rate cut, we're talkin mortgages! We have Rebecca Jarrett-Dalton, the founder of Two Red Shoes mortgage brokers to talk about some of those tantalising fixed rate mortgages out there at the moment. As Bec explains it's more than just the juicy rate customers need to look out for. Great chat!Rebecca was last on in episode 64 in May 2024, so give that one a listen too, if you want.00:50 - Savings tip02:04 - Time to lock in?03:30 - What Bec is seeing04:00 - Limitations with fixing05:40 - Things to look for beyond the rate07:30 - Explaining the high revert rates

As the dust settles after the RBA rate cut, we're talkin mortgages! We have Rebecca Jarrett-Dalton, the founder of Two Red Shoes mortgage brokers to talk about some of those tantalising fixed rate mortgages out there at the moment. As Bec explains it's more than just the juicy rate customers need to look out for. Great chat!Rebecca was last on in episode 64 in May 2024, so give that one a listen too, if you want.Plus we also speak to, for the first time, fellow savings scribe Bea Garcia. We speak about which banks automatically lower repayments on home loans. Hint: Not many do, and you'll need to ask. But as Bea suggests, it might not be a bad idea to keep the repayments the same if you can.And all the latest news and savings tips of course.Bea's article: https://www.infochoice.com.au/home-loans/automatic-lower-repayments02:25 - Savings tips, sell plants and be wary of paying USD05:51 - Savings account news08:45 - Deeming rates going up12:53 - Unemployment lower again14:59 - Bea on mortgage repayments23:14 - Rebecca on fixed-rate home loans

We chat to Bernadette Lunas about a recent piece on Your Investment Property Magazine about the permanent rise of remote working hotspots and the considerations investors need to make before looking into these areas.Bern's topic here, in article formhttps://www.yourinvestmentpropertymag.com.au/investment-guides/remote-work-and-regional-living00:38 - Savings tip02:11 - Regional demand05:06 - Considerations for investors07:03 - Thinking like a remote worker

Another RBA rate cut in the bag! We discuss what this means for mortgage holders (and sadly, depositors) with Belinda Allen, the senior economist at Commonwealth Bank. We talk about what the RBA has its eyes on in the economy, as well as the big bank's economic forecasts. Plus we also mentioned some wages growth data that came through at the end.00:35 - Belinda's savings tips01:38 - About the RBA's decision02:40 - Unanimous decision04:05 - Only one more cut in November?05:50 - Popular months to change the cash rate06:56 - Productivity the big issue09:10 - Wages growth

Another RBA rate cut in the bag! We discuss what this means for mortgage holders (and sadly, depositors) with Belinda Allen, the senior economist at Commonwealth Bank. We talk about what the RBA has its eyes on in the economy, as well as the big bank's economic forecasts. Plus we also mentioned some wages growth data that came through at the end.And we also chat to Bernadette Lunas, about a recent piece on Your Investment Property Magazine about the permanent rise of remote working hotspots and the considerations investors need to make before looking into these areas.Plus all the latest news and savings tips of course.Bern's topic here, in article formhttps://www.yourinvestmentpropertymag.com.au/investment-guides/remote-work-and-regional-living01:45 - Savings tips04:25 - What RBA cut means for mortgage holders08:22 - Investor lending taking off11:05 - Wages growth steady on14:43 - Bern on remote worker hotspots23:58 - CBA's Belinda Allen on the RBA cash rate

We spoke to resident finance journalist Harry O'Sullivan about his recent piece on buyers agents - do you need one, what do they cost, are they worth it, when do they come in handy? And all that good stuff.You can read Harry's piece here on Your Mortgage:https://www.yourmortgage.com.au/compare-home-loans/should-you-hire-a-buyers-agent00:35 - Savings tip02:20 - What are buyers agents03:30 - Popularity of BAs04:28 - Usefulness for investors05:50 - Their cost08:36 - Time is money

This week we're joined by Michael Harvey, senior food analyst at Rabobank. As Rabo is an agricultural-focused bank, it's well placed to discuss food prices, weather events, and what the farmers are feeling at the farm gate, and why it affects the price of your weekly shop or what goes onto your plate. We discussed weather patterns, grocery price inflation, geopolitics in China and the US, and other factors. Great chat!Rabobank was last on in episode 79 with Julie Blanchard talking about savings accounts. Rabobank also has its own podcast about food and agribusiness you can access at:https://open.spotify.com/show/5ARnEbYiwHjHreBwAbsou6https://podcasts.apple.com/us/podcast/raboresearch-food-agribusiness-australia-nz/id1190107144And look at our grocery price index herehttps://www.savings.com.au/statistics/grocery-price-index00:47 - Savings Tip01:55 - Grocery price inflation03:10 - Biggest price gainers04:50 - Price deflation?08:50 - US beef and Chinese dairy demand11:00 - Coles and Woolies price gouging13:46 - A pill for satiation and nutrition14:15 - Price signals by consumers

This week we're joined by Michael Harvey, senior food analyst at Rabobank. As Rabo is an agricultral-focused bank, it's well placed to discuss food prices, weather events, and what the farmers are feeling at the farm gate, and why it affects the price of your weekly shop or what goes onto your plate. We discussed weather patterns, grocery price inflation, geopolitics in China and the US, and other factors. Great chat!Rabobank was last on in episode 79 with Julie Blanchard talking about savings accounts. Rabobank also has its own podcast about food and agribusiness you can access at:https://open.spotify.com/show/5ARnEbYiwHjHreBwAbsou6https://podcasts.apple.com/us/podcast/raboresearch-food-agribusiness-australia-nz/id1190107144And look at our grocery price index herehttps://www.savings.com.au/statistics/grocery-price-indexPlus we speak to resident finance journalist Harry O'Sullivan about his recent piece on buyers agents - do you need one, what do they cost, are they worth it, when do they come in handy? And all that good stuff.You can read Harry's piece here on Your Mortgage:https://www.yourmortgage.com.au/compare-home-loans/should-you-hire-a-buyers-agentAnd all the latest news and savings tips.01:33 - Savings tips: Woolies mudcake and limiting GAS, gear acquisition syndrome03:53 - Macquarie savings news06:55 - Up savings news12:00 - House price news15:33 - Harry on buyers agents26:31 - Rabobank's Michael Harvey on food prices

We speak to Alexi Falson, resident motoring journalist, about the latest in the government's emissions standard. We discussed what the exact penalties are for manufacturers who miss their targets, how it could distort the market, the benefits and drawbacks, as well as if it could lead to price rises for Aussie car buyers.00:25 - Savings tip, shop around for electricity 01:50 - What is the NVES04:50 - What's the government aiming to do06:20 - What do manufacturers think10:40 - How it could change fleet lineups

This week we're chatting to Ben Hillier, the head of retirement at AMP, about, well, you guessed it... retirement. And more importantly, how much you need for retirement. It's the million dollar question, and it all relates back to the rather unsavoury question - how long are you going to live? We also discussed the $3m super tax, if the super guarantee of 12% is a bit too far and hampers wages growth, super returns, and AMP's interesting new product. 00:47 - Ben's savings tip01:40 - 12% super guarantee, too much or not enough03:30 - The fear of running out06:10 - AMP's interesting product11:00 - $3m super tax14:50 - Do you need $1m to retire

This week we're chatting to Ben Hillier, the head of retirement at AMP, about, well, you guessed it... retirement. And more importantly, how much you need for retirement. It's the million dollar question, and it all relates back to the rather unsavoury question - how long are you going to live? We also discussed the $3m super tax, if the super guarantee of 12% is a bit too far and hampers wages growth, super returns, and AMP's interesting new product. Plus we speak to Alexi Falson, resident motoring journalist, about the latest in the government's emissions standard. We discussed what the exact penalties are for manufacturers who miss their targets, how it could distort the market, the benefits and drawbacks, as well as if it could lead to price rises for Aussie car buyers.And all the latest news and savings tips of course.01:35 - Savings tips: RACV/Q membership discounts & op shop greeting cards04:10 - Inflation tracking nicely07:17 - Out of cycle rate cut for Up Home Loans11:22 - Macquarie cuts fixed rates/NAB changes uni debt rules15:27 - Alexi's chat on the NVES29:34 - Retirement and super chat with Ben Hillier