How good are you at budgeting? Are you prepared for new major expenses that may come your way? A substantial number of Australians are starting parenthood without a healthy savings fund, according to new research by Finder, Australia’s most visited comparison site. According to Finder’s Parenting Report 2021, which surveyed 1,033 parents of children under…
The total value of new loans fell in June for the first time this year, according to new ABS Lending Indicators data. There were $32.05 billion of new home loan commitments in June, down 1.6 per cent month-on-month, the biggest monthly drop since May 2020, according to seasonally adjusted data from the ABS While the…
Australia’s property prices have increased much higher than what the market would have seen if the Covid-19 pandemic didn’t exist. House prices in most capital cities were expected to enter a cyclical upswing at the start of 2020, a new KPMG Economics report shows, but the global pandemic has supercharged that growth far beyond what…
You’ve seen a lot of those four walls lately, haven’t you? You know…the place you call home. Perhaps you’ve even started working – or job-searching – from your kitchen, living room, or study. But how much are you prepared to spend to make it look just right? Maybe more than ever. Everybody seems to be…
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…
