How are your finances going? While the latest figures show household savings are rising in Australia, unfortunately COVID-19 has put a dampener on Christmas spending this year according to new research by Finder. A new Finder survey of 1,066 respondents revealed 37% of Australians aged 18 and above – equivalent to 7 million people –…
Articles by Rita Thomas
is a Property Strategist with an accounting background and over 30 years’ Commercial Banking experience. She is a passionate property investor who enjoys helping her clients create wealth through property investment using Metropole’s strategic approach.
Visit www.MelbourneBuyersAgent.com.au
Debt is bad – I don’t want to borrow! That’s what I heard someone say at friend’s BBQ last weekend. The conversation had turned to real estate and what’s happening in the property markets are at present (as it usually does) and one of the group standing around said: “I’ve almost paid off my house…
How are you coping financially in these challenging Coronavirus times? New research from Canstar shows 35% of Australian adults (6.9 million people) have experienced impacts to their income and/or employment status due to the COVID-19 pandemic. This increases to close to one in two (46%) mortgage holders. Canstar urges anyone with a home or investment…
Want to know where Australia’s biggest income earners live? The latest taxation statistics for 2017-18 which are based on the tax returns of 14.3 million Australians tell us where they are. Seven of the nation’s average highest-earning postcodes are in NSW, while six of the lowest-earning postcodes are in Queensland. Sydney’s eastern suburbs dominated the…
Australia is going to look a little different from 1st July – there are some big changes across areas of finance and insurance are coming in the new financial year. It’s an important mid-year milestone with the introduction of many big rule changes such as new laws and regulations, fees and charges and taxes and…
Lacing on your running shoes and pounding the pavement is a common way of keeping fit. But what about the people who go the extra mile? You know the ones – they’re the social runners who start out running five kilometres and then keep upping their distance goals. The next year they might train to…
With many Aussies feeling the financial pinch as a result of the COVID-19 outbreak, Australian credit card holders are turning to banks in an attempt to secure some much needed relief. In recent weeks, the Big 4 have announced a number of measures to provide support to their customers during this difficult time, offering assistance in the…
Retail spending is on the rise because of the Corona Virus. According to finder.com.au shoppers spent an extra $13.5 billion in the last month because of panic-buying. COVID-19 panic-buying is cost Australians an average $848 extra last month, or a combined estimated $13.5 billion according to Finder. No real surprise here when you see the…
Being good with money is a skill you can learn. Some people complain they aren’t very good with finances — they argue they don’t have a head for numbers — but I believe everyone can become wealthy if they know how. Part of it comes down to smart investments, sure, but the other, equally important part,…
When you take out a loan to purchase a property, whether for investing or to live in, the process is littered by lots of little decisions along the way. Choosing a fixed or variable interest rate for your loan is often one of the more meaningful finance-related decisions you’ll consider, as the right mortgage choice…