Rents are on the rise across Australia However, growth in rental rates has eased slightly, with the national rental index rising by 1.9% over the September quarter compared to a 2.1% rise over the June quarter. While we have seen some easing in rental growth, national rental rates are 8.9% higher year-on-year which is the…
We’ve heard a lot about the “Great Resignation,” the trend of people quitting their jobs to pursue better-paying and more meaningful opportunities. We’re now seeing the “Great Retirement,” a silver tsunami of Baby Boomers leaving the workforce. A recent report by Commsec suggests that more people than expected have joined the ranks of the retired…
Believe it or not…Australia’s household wealth has skyrocketed over the last two years despite enduring a once in a hundred-year pandemic and the first recession in three decades. Household wealth rose 5.8 per cent or $735 billion in the June 2021 quarter to a record high of $13.4 trillion. As a result, the average net…
As expected the RBA has left official rates on hold over November at the record low 0.1%. Despite the near-certainty that rates would remain on hold, speculation has intensified that the RBA may now be inclined to bring forward its previous forecasts that official rates would not increase until at least 2024. Market speculation of…
Is your financial situation affecting your relationship? If so, you are not alone, according to recent research results from Finder. No savings, unpaid debt, and poor financial knowledge have all led to Australians getting dumped. A nationally representative survey of 1,007 respondents revealed 1 in 8 Australians (13%) have been through a breakup due to…
There is no doubt that COVID-19 has change the way we are going to work in the future. Some of us will work more flexible hours rotating between the office and home; while others will continue to work remotely. But according to a recent Economic Insight by CommSec Covid-19 has resulted in more workers ‘exiting’…
ASIC has released a warning – Info73, that in the event of the death, incapacity, or bankruptcy of a sole director company that: “During that period when there is no director, the company may be completely unable to operate. “With no one properly authorised to make management decisions or act for the company, it may…
House prices in some of Australia’s more popular school catchment areas have soared by as much as 46% over the past 12 months. Parents are paying a premium for homes in locations that make their children eligible for enrolment in high-performing or popular government schools according to the 2021 School Zone Report by Domain Group. Domain’s…
Australia’s $3 million suburb club has doubled again in 2021 thanks to the housing market boom, as the luxury property market powers ahead during the pandemic. The hot pace of property price growth this year has led to more suburbs cracking the $3 million median house price, realestate.com.au senior economist Eleanor Creagh said. “The luxury…
APRA – the financial regulator for the big banks – has introduced a policy initiative designed to reduce perceived emerging risky lending. APRA is concerned that because of our recent strong housing market activity, home loan sizes are increasing faster than incomes, potentially increasing the debt load for new borrowers. This could become an issue…
