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…
Almost everyone will experience an unexpected financial loss at some point in their life. In the current cost-of-living crisis, the cost of groceries, utilities and mortgage repayment bills are high enough already, so an added out-of-the-blue expense could be enough to send your finances into a tailspin. From property damage to an unexpected medical emergency,…
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…
Sluggish global markets, high inflation, high cost of living and a heated property market mean our finances are constantly shifting. And even billionaires aren’t immune. Forbes released its annual rich list for 2024 earlier this year, where it showed that there are more billionaires than ever – at 2,781 people across the globe in total,…
![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:…
The value of home loans in arrears by 30 to 89 days has risen for the seventh consecutive quarter, as more borrowers struggle to keep on top of repayments. It now stands at $14.88 billion according to the latest APRA Quarterly ADI Property Exposure statistics data, released yesterday for the June 2024 quarter. This amount…
