The Consumer Price Index (CPI) rose 1.9% in the December 2022 quarter, according to the latest data from the Australian Bureau of Statistics (ABS). Annual inflation was 7.8%, close to the Reserve Bank of Australia forecast that headline inflation would peak at 8% over the year. More importantly, underlying core inflation (the RBA’s preferred reading…
A new season means a new look for the home, especially your bedroom. But instead of just the usual clearing of the closet, why not create a sense of harmony in the Feng Shui way? There’s no need to invest in an expensive consultant to style your room, let us guide you with a simple method…
It seems that bad credit habits are returning as Australia’s total credit card debt has ticked up for the second month in a row, based on the latest data released by the RBA. In fact, the data shows the total credit card bill attracting interest charges increased by $419 million to $17.3 billion. This is…
There’s a reason they call property investing “as safe as houses”, right? It’s because generally, buying property – provided you have a clear strategy and set goals – is a sound investment. Becoming a landlord can be a highly profitable venture for many people, including everyday Australians earning ordinary incomes. However, there are a few…
The Australian labour market still heavily favours jobseekers, with the latest ABS job vacancy data for November revealing more than a quarter of Australian businesses have jobs they cannot fill. Job vacancies fell 4.9% quarter on quarter in the three months to November, according to the latest release from the ABS. Despite that fall, the number…
Two-thirds of property investors make the mistake of buying in their own backyard. Now we know that most property investors never achieve the financial freedom they’re looking for. Of the 2.1 million property investors in Australia, 1.9 million never get past their first or second property while only around 20,000 investors around Australia own 6…
Few sectors of the economy are as sensitive to interest rates as the housing market. During 2022, eight successive rate rises aimed at offsetting high inflation sent tremors across the market causing buyers and sellers to sit on the sidelines paralysed by a lack of confidence. However or markets did not crash like some of…
Have you wondered how the Covid-19 pandemic affected our property markets? Well, for one, preferences for different locations and property types have changed extremely quickly, and the housing market is still adjusting. These changes go beyond the once in a generation property boom we experienced which were largely driven by lower interest rates and various…
The Australian property market has seen its fair share of ups and downs over the past few years, and 2023 is shaping up to be no different. As we head into this new year, there are a few key themes that are expected to dominate the market. These themes will have an impact on the…
We’re soon heading into a New Year and what a year it has been for the Australian mortgage market. It is moving through unprecedented change. With rates rising rapidly, record levels of household debt and the cost of living on the rise, your mortgage decisions could be key to making savings in 2023. An unprecedented…
