Despite decades of economic growth and recent declines in income inequality, Australians are less financially resilient, writes… Kristy Muir, UNSW and Axelle Marjolin, UNSW If you needed A$2,000 in a hurry where would you get it? 70% of those we surveyed said they would ask friends or family, although almost half said that it’s very…
Are you prepared for an interest rate rise next year? The ANZ Bank believes the RBA will raise interest rates by 0.5% in 2018. If this occurs it would reverse the rate cuts of 2016 and take the “real” cash rate back to zero. After these hikes, the ANZ sees the the RBA sitting pat in…
Open banking will see customers use their data in a whole range of ways, including seeing how they are faring financially against people in similar situations, writes… Rob Nicholls, UNSW Macquarie Bank has started a trial, giving customers access to the data the bank has collected on them. These might include the number and types…
Increasing property prices and poor affordability continue to push many buyers out of the property market – which is especially the case for first time buyers. In my opinion, it is harder to become a home owner today than what it was back when I bought my first home around 30 years ago. As a…
