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175.Buying & Selling-Making your Money and Defence Allowances work for YOU!

Military Life

Release Date: 08/14/2024

182.An Assistance Dog saved my Veteran show art 182.An Assistance Dog saved my Veteran

Military Life

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179.PART ONE-15 year Defence Partner journey over 9 postings show art 179.PART ONE-15 year Defence Partner journey over 9 postings

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178.Let's CELEBRATE 175 Episodes with Words of Wisdom & Real Talk from Defence Partners PART 2 show art 178.Let's CELEBRATE 175 Episodes with Words of Wisdom & Real Talk from Defence Partners PART 2

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177.Let's CELEBRATE 175 Episodes with Words of Wisdom & Real Talk from Defence Partners PART 1 show art 177.Let's CELEBRATE 175 Episodes with Words of Wisdom & Real Talk from Defence Partners PART 1

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This week on the Military Life Podcast, I have put together a compilation episode with real talk and words of wisdom offered by some of the Defence Partners who have been gracious enough to tell their story on the podcast over the last 5 years! FIVE YEARS…. Can you even believe it? What a huge milestone for all of us to celebrate. Five years of the podcast, 175 episodes and 100,000 downloads. I want to say thank you to all of you for sharing your stories, listening, supporting, connecting, building this community with me, empowering yourselves and each other by accessing and sharing...

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176.A Focus on the Wellbeing of Navy Families show art 176.A Focus on the Wellbeing of Navy Families

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175.Buying & Selling-Making your Money and Defence Allowances work for YOU! show art 175.Buying & Selling-Making your Money and Defence Allowances work for YOU!

Military Life

Posting to a new location is a huge life event. Whether you do it every few years or, like me, have long stretches between moves because you choose to URF (unaccompanied Resident Family), it can be a lot. Throw in selling a property, and the TO DO list can seem overwhelming. It’s understandable that maybe you just want to take a minute between selling in one location and buying in the next so that you can catch your breath, unpack, and explore your new location. Soooo, in the meantime, what do you do with the funds from the sale of your property, and which defence allowances can you access?...

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174.PART 2-Posting Overseas-Spouse Nicole's Experience show art 174.PART 2-Posting Overseas-Spouse Nicole's Experience

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173.PART 1-Posting Overseas-Spouse Nicole's Experience show art 173.PART 1-Posting Overseas-Spouse Nicole's Experience

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On this week’s Military Life podcast episode, I ask Defence Partner Nicole, who is currently posted in the USA with her ADF member and two children, ALLLL the overseas posting questions you didn’t even know you needed answered! In PART ONE, Nicole and I talk about; -Why the timing was right for their family to apply for an overseas posting -What happens once you get the official word your family will be posted overseas -Differences between the overseas posting Nicole and her Husband did 10 years ago and now -The practical stuff like paperwork and appointments that need to get done and STAT...

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More Episodes

Posting to a new location is a huge life event. Whether you do it every few years or, like me, have long stretches between moves because you choose to URF (unaccompanied Resident Family), it can be a lot.

Throw in selling a property, and the TO DO list can seem overwhelming.

It’s understandable that maybe you just want to take a minute between selling in one location and buying in the next so that you can catch your breath, unpack, and explore your new location.

Soooo, in the meantime, what do you do with the funds from the sale of your property, and which defence allowances can you access?

Queue Defence Bank’s Regional Manager Lending Distribution Ashley to walk us through some of the options.

In this episode, Ashley and I speak about;

-First steps when it comes to selling a property, your mortgage and everything in between

-The paperwork and admin you can get sorted ahead of time before selling and posting out

-What happens once your property sale goes through and the funds are released to your bank

-DHOAS (Defence Home Ownership Assistance Scheme) payments and what happens once you sell

-Applying for a new DHOAS certificate and accessing payments when it comes time to buy again

-Guidelines around accessing DHOAS when buying property upon transition out of Defence

-What is the HPSEA (Home Purchase or Sale Expenses Allowance), who can access it and when

-The costs associated with selling in one location and buying in another and what you can claim

-What to do with funds from the sale of a property and how to make the money work for you

-High-interest saving accounts, fixed-term deposit options, and the Salute Account explained

 

Check out the Defence Bank website for further information about buying and selling a property, as well as DHOAS, HPSEA, and other home buyer allowances. You can also find out more about Defence Bank's high-interest savings accounts, fixed-term deposit options and the exclusive Salute Account, which rewards ADF members for service milestones.  www.defencebank.com.au