WILL BORROWERS SOON HOLD ALL THE POWER?

The way we borrow money could change dramatically in the next few years. There are a couple of Australian companies who have big plans to shake up and reshape the financial services industry.

One of these companies has recently attracted the attention of some of Australia’s biggest business names. James Packer, Kerry Stokes and Lachlan Murdoch have invested a total of about $20 million into a peer-to-peer lending company known as SocietyOne.

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ARE TINY HOUSES HERE TO STAY OR JUST A PASSING TREND?

It seems the tiny house movement has been gaining some traction in Australia lately. The tiny house movement is, as the name would suggest, where people build their own tiny houses, usually less than 30m2 and sometimes as small as 8m2, as an alternative to purchasing or building what we would consider to be a normal-sized property.

The movement originally got its start in the United States, and started getting more attention after Hurricane Katrina devastated large parts of the Mississippi and Louisiana coast, when people built small cottages to live in as an alternative to emergency relief trailers. Later, when the GFC hit, the small house movement attracted more attention due to its lower building and maintenance costs.

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SO YOU’RE THINKING ABOUT STARTING A HOME BUSINESS? HERE ARE 4 QUESTIONS YOU NEED TO ASK YOURSELF.

You might have heard recently about a man allegedly running a brothel out of his public housing flat. Normally we would applaud a person’s entrepreneurial spirit if they decide to start their own business, but not in this case. Aside from the obvious moral concerns, there are a number of significant issues with this, such as not having the proper planning or zoning permits for the business, and you know, the illegality of the whole operation.

Running a business from home can be a great idea though if you want to earn a little extra income, be your own boss, or spend some more time at home with your family. There are plenty of Canberrans who are running successful and legitimate home businesses, and we thought this would be a good opportunity to discuss some key things you should consider before starting your own home business.

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