It’s an age old question. Which generation had it better? The debate over whether older generations faced unfair advantages to purchase property has soured family gatherings throughout the world. The answer is complex. Baby Boomers and Gen Xers faced different hurdles to homeownership, with the Australian cash rate sitting at 17% in 1990 and the…
What resources do you use to make your financial decisions? Surprisingly a third of Aussies turning to social media to help make financial decisions. Households across all corners of Australia are dealing with a financial crisis like no other, and alarming data from Compare the Market’s new Household Budget Barometer reveals that a staggering number…
Australia’s care economy could increase from its present about 8% of GDP to about 15% in 40 years, according to the government’s Intergenerational Report. The projections say in four decades’ time Australians will be living longer, with more years in good health – but the larger cohort of aged people will increase the need for…
There was a change to working regulations effective 1 July, reinstating the restrictions on student visa holders to a 48-hour working week. As such, some economists anticipated a +40,000 increase in the number of persons employed in July, as workers jostle for the newly freed up positions. It didn’t quite work out that way in…
Ella never knew when her credit card was going to be declined. It happened when she was shopping for groceries with her kids, or refuelling the car. That’s when she would discover her partner had cancelled the card or lowered the limit so she couldn’t buy essentials. Again. Ella* (not her real name) is one…
If you’re like most Australians, you have at least one credit card and one debit card in your wallet or on your smartphone. They may look alike – pieces of plastic with 16 numbers across them, expiration date, and a PIN code; but that’s where the similarity ends. Actually, they’re very different beasts. So how…
![Understand the extraordinary power of compound interest [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2017/11/AdobeStock_63769691-270x200.jpeg)
Have you ever wished that you had more money, without all the fuss and effort? Maybe you’re concerned you won’t have enough saved for retirement. Fortunately, there’s actually a simple way to accomplish those things if you’re willing to learn how to put your money to work for you. It’s called compound interest, and it can help…
Australia’s total credit card bill attracting interest charges has dropped for the second time in nine months to a total of $17.73 billion. This is despite the fact the number of credit card accounts rose for the ninth month in a row, to a total of 12.6 million, according to new RBA data released today….
Your daily habits are the reason you are rich, poor or stuck in the middle class. They are the reason you live in the house of your dreams or a shack. Forty per cent of all of your daily activities are habits. This means 40% of the time you’re on autopilot, every day. Habits save…
If there’s one question I’m asked almost as much as which property should I buy, it’s this one: How long before I become rich? It’s human nature to want to discover the secrets of other people’s success. It’s also human nature to wonder, in the midst of all the hard work, how much longer you’ve got…
