From whether you really need to own a home in Australia to unpacking what a re-contribution strategy is, we’re diving into your biggest money questions. In this week’s Australian Finance Podcast Q&A, Owen and Gemma cover everything from offset accounts and investment choices to buying property for family and understanding how ETF holdings work.
Plus, it’s Gemma’s birthday episode – she reflects on her biggest money lessons from four decades of life and finance.
Questions answered in today’s Q&A:
- Do you need to own a home in Australia?
- I bought my first home last year using an inheritance for the deposit. Now more than half of my loan is offset with cash, and my rate is 5.53%. With interest rates dropping, should I leave it in offset or look at investing in shares, property, or something else?
- What is a re-contribution strategy and why would you use it?
- I’m more of a share investor, but I’d like to help family by buying an investment property. Where’s the best place to go for help?
- What’s the difference between holding my ETFs directly with BetaShares or Vanguard versus through a share registry like Computershare? And why is BetaShares prompting me to move my ETFs across?
Don’t forget to subscribe on Apple, Spotify, YouTube or wherever you get your podcasts. And send in your questions via the link below.
