As millions of Australians are plunged into lockdown, the property markets around Australia are showing no signs of slowing down, according to staggering new research by Finder. A nationally representative survey of 1,015 respondents found that even with huge rises in average prices in most capital cities, almost 3 million Australians are planning to purchase…
With lockdown restrictions tightening across NSW and extending in Victoria, Australia’s banks have rolled out extra support to affected customers. This week our largest bank, CBA, has extended its foreclosure moratorium, which means the bank won’t evict a customer in arrears until at least February 2022. Support being offered by Australian banks Mortgage deferrals (size…
As millions of Australians face uncertainty about extended lockdowns and restrictions, saving levels have dropped to their lowest point since March 2020, according to new research by Finder. Here is some finding from Finder’s Consumer Sentiment Tracker (CST) which is the largest chronological consumer survey in Australia, with over 26,400 respondents over the course of…
Australians struggling with their finances are being urged to seek help as both the federal government and banks step up their COVID support packages. Troubling research from the ABS, released last month, shows 17.5 per cent of households can’t raise $2,000 in an emergency. The ABS Household Impacts of COVID-19 Survey from May also found…
Do you remember the mining town stories of the late 2000s? The 2000s were dominated by one of the biggest mining booms in Australian history – the biggest since the ‘gold rush’ of the mid-1800s. It began in around 2003 when prices for commodities like iron ore and coal began rising and lead to significant…
Australians appear to be stuck in a debt rut with new RBA figures showing credit card debt accruing interest is hovering around $20 billion for the tenth month in a row. In fact, Australians added close to $100 million in personal credit card debt accruing interest in May, according to the Reserve Bank of Australia…
Australia’s population increased by 136,300 people in 2020. This was the slowest population growth since ABS records began in 1982. There were 294,400 babies born in Australia last year, the fewest births in 13 years – down 3.9% over the previous year. And there were 161,400 deaths in the past year down by 3.4% over…
What information do you analyse when you decide to invest your hard-earned money in property? I know firsthand just how much information and data there is out there to try and get your head around. It can easily lead to a serious case of analysis paralysis. Adding to that, you will soon find that almost…
Australia’s households just keep getting richer. Australian household wealth grew more in the last year than it did during the preceding three years combined. Despite living through the first recession in almost three decades, household wealth in the year to March 31 increased by 15.3 per cent, the fastest rate since the middle of the…
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Who do you turn to when it comes to building a higher level of wealth? Some would argue it has never been easier to build a greater level of wealth. There are books, podcasts, the internet and access to professionals that may not have been so easily accessible even a decade ago. People who have…
