Western Australia (WA) continues to lead growth in owner-occupier loans, while Queensland (QLD) has become the second-largest market for investor loans, surpassing Victoria. Money.com.au’s latest Mortgage Insights report highlighted some interesting trends that reflect shifting buyer preferences, tax advantages, and affordability considerations across different states. National loan growth insights The average new loan size in…
I’ve heard the phrase “If only I knew that back when I was younger”, time and time again over the years. While it’s too late for many of us, understanding the personal finance tips we all wish we knew at age 18 might help the younger generations who are just starting out on their financial…
As we increasingly embrace digital transactions, the convenience of tapping, swiping, and entering our card details online also brings significant risks. A recent report from Finder has uncovered a worrying statistic: 1 in 6 Australians have had their credit or debit card skimmed in the past year. This is a stark reminder that, despite the…
Like the rest of Australia, New South Wales is in the grip of a housing crisis that has been years in the making, driven by a combination of population growth, inadequate housing supply, and skyrocketing property prices. The latest recommendations from the Productivity and Equality Commission aim to address these challenges head-on with a range…
In a reflection of the ongoing financial strain on households, Australians spent a record $27.43 billion on personal credit card purchases in August 2024, according to the latest data from the Reserve Bank of Australia (RBA). This represents an increase of $814.3 million (3.1%) compared to the previous month and a staggering $1.23 billion (4.7%)…
Everyone in Australia has a credit score. It acts as an important indicator for lenders to gauge reliability and risk when it comes to repaying a home or personal loan. This means a good credit score is essential for securing a better interest rate on loans and boosting your overall financial health. No matter what…
Everyone has experienced an unexpected financial emergency. And amid the current cost-of-living crisis, when the cost of groceries, utilities and mortgage repayment bills are high enough already, an added out-of-the-blue expense could be enough to send your finances into a tailspin. From a broken window to an unexpected medical bill or even a loss of…
![Some Lessons You Can Learn From These Successful Billionaires [infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2017/02/42217936_l-270x200.jpg)
So what characteristics do billionaires have in common other than have more …well… money? According to Growth Everywhere, billionaires have a fair amount of useful advice when it comes to building a solid lifestyle. Whether it’s reading voraciously like Warren Buffet or learning to diversify like David Koch, you’ll find that one thing is true:…
When was the last time you calculated your net worth? In my mind, it’s an important part of building your wealth, because without knowing your net wealth position it’s a bit like steering a ship without a compass. You don’t really know where you are along the journey. Calculating your net worth is like taking…
If you’re feeling the pinch of the cost of living crisis, you’re not alone. New analysis reveals that the average Australian now needs to earn $107,730 a year just to maintain the same standard of living they had a few years ago. This is a significant jump from the $90,000 salary that was once considered…
