The Reserve Bank has released its March 2021 credit and charge card data, revealing Australians knocked $7.5 million off debt accruing interest on personal credit cards in March. The debt decrease comes off the back of an $18.4 million increase the month prior. Despite cardholders wiping $6.96 billion off personal credit card debt accruing interest…
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.
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Some homebuyers and investors make the mistake of concentrating on the price of the property alone. They complete their calculations on the property’s potential sale price and what the mortgage repayments or weekly rent are likely to be. But many fail to include all of the other costs associated with buying property, which can leave…
First home buyers in Australia are willing to splash out eye-watering sums on a home. Finder’s First Home Buyer Report 2021 revealed that more than a third of first home buyers from New South Wales (35%) are willing to pay over $1 million for a home. In comparison, just 17% of first home buyers in…
Aspiring homeowners now need a six-figure deposit to purchase a property, according to staggering new research. According to Finder’s First Home Buyers Report 2021, which surveyed 1,028 first home buyers, 11% now require more than a decade to scrape a deposit together. This comes as ABS data from January 2021 shows that the average deposit…
Parents are lending, giving, or underwriting record amounts for deposits to help their adult children buy their first home, making the so-called Bank of Mum and Dad one of Australia’s biggest mortgage lenders. According to Finder’s First Home Buyers Report 2021, which surveyed 1,028 first home buyers, one in three (32%) rely on their parents for…
The grass always seems greener on the other side of the fence, doesn’t it? First home buyers are going to desperate lengths to afford a property – including purchasing interstate. According to Finder’s First Home Buyers Report 2021, which surveyed 1,028 first home buyers, 1 in 5 (20%) prospective homeowners are searching for their first…
With our property markets booming, the media is full of stories telling us how the Reserve Bank is going to raise interest rates or APRA is going to intervene to slow down our housing markets. On the other hand, the RBA has stated that it has no intention to raise the cash rate before 2024,…
Dubbed the “Boomerang Generation” after moving back home during the pandemic, Australia’s adult children have started flying the coop once more. A new, nationally representative Finder survey of 1,015 Australians found that 34% of households had an adult kid living at home during 2020. Yet of those 343 Australians who either lived with their parents…
The Reserve Bank has today released its January 2021 credit and charge card data, revealing Australia’s spending habits have experienced a post-Christmas slump. Many Australians put their wallets away in January after an expensive holiday season, with the value of credit card transactions down $5.32 million from December, a 22 per cent decrease in original…
There’s no doubt that the lending environment is different than it was a few years ago. The banks are in the business of lending money and they’re friendly than they have been for a long time now that they realise they don’t have to make provision for all those bad debts that were forecast only…