Buying Property & Accessing Super During COVID-19
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Dear How To Money Reader,
Over the last few weeks, there has been plenty of discussion regarding the government’s decision to let some people take money out of their super and whether now is the best time for young people to enter the property market. As these are such topical issues, we’ve covered them on a recent episode of The Australian Finance Podcast and an article on How To Money.
Is Now The Best Time to Buy a House?
In this episode of the Australian Finance Podcast Kate and Owen talk property with Amy Lunardi. Amy is a Buyer’s Advocate at Cate Bakos, meaning she works with buyers and investors. Amy walks us through the best strategies to buy or invest, provides a COVID-19 property update and an overview of the most important schemes and incentives on the market.
COVID-19 review: JobSeeker, JobKeeper & early access to Super
This article provides a review of the COVID-19 Australian Government benefits, including Job Seeker, Job Keeper & getting access to Superannuation early. First things first, if you’ve been made redundant, make sure that you’ve been correctly compensated as per the Fairwork entitlements and have it in writing (you may need the document as evidence later on).
Accessing Your Super During COVID-19
When the government announced a few weeks back that Australians who met certain criteria would be able to take up to $20k from their super over a set timeframe, I nearly fell off my chair! Given the fact it’s in the governments best interest for you to build your super up as much as possible over your working career (so you don’t rely on a government pension), I was truly surprised by this move. However, COVID-19 is an unprecedented (apparently this is the world’s favourite word at the moment) situation, so hard decisions had to be made.
If you’re interested in learning more about money and personal finance, catch us on the How To Money podcast which you can find on iTunes, Spotify or via our online web-player.
Follow us on Twitter @HowToMoneyAUS, and on Medium at How To Money Australia.
Kate — HTM Founder & Editor
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Important Information
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