Thursday 23 April, 2020
In 2019, Australian’s lost over $142 million to scammers from all around the world. We want to help reduce that number by keeping you informed and up to date to avoid falling victim to scammers.
Given current circumstances, there are a lot of scams emerging around the COVID-19 pandemic. As well as this, there are some ongoing scams that have been targeting consumers for years. We’ve done the research for you and have highlighted a few of the most prominent scams to look out for, as well as some tips to ensure you can stay safe online.
There are emails circulating purporting to be from Westpac which ask customers for their CRN, BSB, account number and name, promising a repayment holiday. Westpac will never contact you via email for this given circumstance, but if you’re unsure always contact them directly.
You may receive either a text or an email claiming to be from the ATO, MyGov or Centrelink talking about tax refunds or your Job Seeker payments. They will all ask you to click a link, download a file and fill out your personal information to receive your money. Do not click the link, this is a spam text or email.
We posted last week on our Facebook about this one. Head to our page to see the images!
There is a text circulating at the moment that states that it is from the Government with COVID-19 updates. Often, the text will even have the contact as GOV. The message says that it’s regarding safety in your area and prompts readers to click the link to find out more. Don’t clink the link – this is a scam!
Scammers are contacting people via email or phone stating they can help you access your superannuation money, offering to investigate if you’re eligible for various benefits or ensure you’re not locked out of your account due to ‘new rules.’ Be vigilant and always contact your provider directly if you have any questions!
There is an email scam circulating from an email address similar to the official Netflix address saying “sorry to see you go”. It states that your account hasn’t been paid and you need to click the link to add payment details. This is a scam!
This is just a small number t of the scams happening Australia wide at the moment. The main takeaway is to always check before opening links, giving personal information or allowing anyone remote access to your computer. Scammers often use scare tactics, blackmail and abuse, these intimidation tactics can cause you to act in fright and not think clearly.
If in doubt, always ask a loved one or head to www.cyber.gov.au or www.scamwatch.gov.au to check (especially before clicking on any links). Calling your bank or the distributor will help confirm if the contact is legitimate. Even just doing a quick Google search to see if anyone else has reported the suspicious contact as a potential scam.
For more updates on the latest scams circulating, keep up to date with our social accounts.
When you take out a home loan there are a few options you can choose to make repayments more manageable. However, choosing a financial institution and interest rates aren't the only things you need to consider. It’s also important to look for eligible home loan options which can reduce your interest repayments and give you flexibility to pay off your home loan sooner.
Buying a house is likely the biggest investment you will ever make. Over the last three years, Tasmania has seen record rises in real estate prices meaning saving for a deposit to get your start in the property market is no small task. Recently released statistics show that almost 60% of first home buyers rely on help from the 'bank of mum and dad' when buying their first home.
Refinancing your home loan could be a value saving option if you're looking to access additional funds. With housing prices rising so dramatically over the last couple of years, existing homeowners have the opportunity to access the equity in their home to spend on things like home improvements, debt consolidation, buying a new car or another large ticket item such as a caravan or motorbike. You could even help your child break into the housing market!
A reverse mortgage is similar to a home loan but without the need to make regular payments. It gives people living on a pension or fixed income the ability to draw on part of the equity in their home; enabling them to live more comfortably.