Is Australia still in the midst of an investor boom? Well, investor loans are growing more than three times faster than owner-occupier loans, rising 19% annually, according to Money.com.au’s Mortgage Insights Report. In contrast, owner-occupier loans are growing at a much slower rate of just 5% annually. Let’s unpack the data from the report for…
The ABS monthly CPI indicator, released today for October, shows headline inflation has remained steady at an annual rate of 2.1%. While this is close to the bottom of the RBA’s target band, the data has been heavily skewed by the government’s temporary energy bill relief rebate and of course the RBA would be happy…
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…
It’s been a tumultuous week for global markets and geopolitics as the US election came to a head, and we had a very predictable outcome from the RBA in their November policy meeting. And there’s some good news ahead for Australia, according to David Robertson, Chief economist of Bendigo Bank, who, in his latest report,…
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…
Australians have long prided themselves on enjoying the good life—sun-soaked holidays, sparkling new cars in the driveway, freshly renovated homes, and indulgent weekends out. But underneath this polished surface, a troubling financial reality is emerging. A recent report from Finder paints a worrying picture: over 6.3 million Australians are falling into debt just to keep…
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…
