Could there be a link between running in the rain and becoming successful in life? Probably not directly, but it is a habit I have chosen to adopt. One of my favourite sayings is “Go the extra mile, it is never crowded”. I grew up playing Aussie Rules Football and played with some of the…
What’s happened to your home mortgage bill over the last year? The interest bill on the average $580,240 owner-occupied home loan is $792,693, meaning the true cost of the typical home loan in this country is $1.37 million, according to financial comparison site, Canstar. The analysis is based on the Reserve Bank of Australia’s average…
Australia’s total credit card bill attracting interest charges has dropped by $161 million – the largest drop since last July. This significant drop comes as they use money back from their tax returns to clear credit card debt. The last time debt accruing interest rose in July was 2009. Credit card statistics: personal credit in…
An estimated $2.6 trillion will be passed from Baby Boomers to the next generations in the 20 years to 2040 according to Philanthropy Australia. Families in Australia’s top suburbs for inheritances will hand down more than $3.3 million on average from one generation to the next, with children in Sydney’s harbourside regions edging those in…
Australia’s economy grew a mere 0.4% in the June quarter according to figures released by the Bureau of Statistics today, a performance Treasurer Jim Chalmers describes as “steady in the face of unrelenting pressure”. The lacklustre growth follows growth of 0.4% the previous quarter, and is a step down from the growth of 0.7% in…
Have you been a victim of financial abuse? Or know someone who has? Well, according to new research from a survey of almost 2,000 Australians aged 65, more than 1 in 4 (28 per cent) have experienced financial abuse or know someone who has. Of those who are experiencing financial abuse, more than half (52…
Australians are showing no signs of improved optimism about the Reserve Bank of Australia (RBA) and the government’s ability to ease inflationary pressures and the cost of living this year, according to new research from Canstar. The sentiment survey conducted in August 2023 canvassed the opinions of over 2,600 Australian adults finding 46% have no…
The topic of inheritance is often shrouded in a cloud of complexity and misconception. Many people think that sophisticated estate planning tools like testamentary trusts are only for the wealthy elite. However, this couldn’t be further from the truth. With rising divorce rates and the increasing complexity of modern families, testamentary trusts and other estate…
Younger Aussies looking to own a home could be waiting a while, according to new research by Finder. Finder analysis shows young Australians need at least 12 years to save for a deposit for the average unit and 16 years for the average house if they start saving today. This would mean saving $299,868 for a…
Cost of living pressures are acute for some, but in different ways for different types of household. The Australian Bureau of Statistics consumer price index has climbed by 6% per year for each of the past two years. In the decade before that, it only climbed by an average of 1.8% per year. So, on…
