How are you financing your Christmas shopping this year? Well, according to the latest data from Finder, millions of Australians are expected to land themselves in debt over Christmas that could take months to repay. Their survey of 1,056 respondents found more than a fifth (21%) of Aussies – equivalent to 4.2 million people –…
Articles by Chris Dang
Chris Dang is an accountant by training and has worked in the Financial Planning industry for many years. Chris brings together property, accounting, and financial planning experience to help clients of Metropole Wealth Advisory create a holistic plan for their wealth.
What are the most in-demand jobs in Australia today? Well, the latest Skills Priority List found that technicians and trade workers remain the most in-demand with 50 per cent of occupations in the category experiencing labour scarcity. The list also highlighted that 66 new occupations have made the annual skill shortage list in 2023, including…
Despite high interest rates and the rising cost of living the total amount in residential offset accounts has risen to a new record high of $257.20 billion as borrowers stash cash in their mortgages to mitigate the impact of the RBA hikes. The latest APRA’s Quarterly ADI Property Exposure statistics shows that money in residential…
Aussies are still stashing cash, with household deposits increasing by over $7 billion in October and setting yet another record high at over $1.42 trillion. The latest APRA’s monthly authorised deposit-taking institution statistics show despite increased cost of living pressures, Australians are continuing to stash their cash in the bank, with more than $99 billion…
Australia’s recent surge in migration, largely driven by the influx of international students and backpackers, appears to have reached its peak. We have experienced a record-breaking rate of net overseas migration, estimated to have reached 500,000 people in the year to September 2023. This spike in migration has been underpinned by international student numbers surpassing…
Black Friday/Cyber Monday is a major global shopping event, and as more people shop online for holiday deals, there’s a higher chance of cybercrime. In fact, personal finance experts, at Wealth of Geeks are warning shoppers who rush to grab the best deals to be extra vigilant of circulating scams that appear year on year….
The overseas-born population in Australia grew by 155,000 people in 2022, increasing to 29.5 per cent of the nation’s total population, according to the latest data released by the Australian Bureau of Statistics (ABS). Jenny Dobak, ABS head of migration statistics, said: “On 30 June 2022, Australian residents born overseas made up 7.7 million of Australia’s…
For the first time in over a year, Victoria is the country’s best-performing economy according to the latest CommSec State of the States report. Strong economic activity, solid retail spending and business investment catapulted Victoria from fifth place in the previous survey (July 2023) to the number one spot today, with the state also recording…
Where do the uber-wealthy live? Well, the top 20 cities in the world with the most “centi-millionaires” have been revealed by global residence and citizenship planning company Henley & Partners. And one Australian city made the list. By the way…centi-millionaires are defined as someone holding $US100 million ($155.5 million) in investable assets – an elite…
The annual Consumer Price Index has clocked in at 5.4 per cent for the September quarter, fuelling the possibility of another rate hike as soon as Tuesday 7 November. As a result, two of the big four bank economic teams – CBA and ANZ – have now said they expect the RBA will increase the…