millennials save money

86 400 ‘one step closer’ to launching its first home loan

Would-be bank 86 400 is readying the launch of its home loan offering after securing national distribution with a major mortgage broker network.

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millennials save money

Only 15% of consumers think the Federal Budget will improve their finances

Despite promising significant tax cuts, most consumers don’t expect the Australian Government’s 2019 Federal Budget to have a positive effect on their finances over the next 12 months, according to a survey.

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millennials save money

House prices to fall further, consumer spending to remain weak: NAB

House prices in Australia are likely to fall further and keep consumer spending levels down, according to NAB economists.

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Woolies now captures over one-third of Aussie grocery spend

Supermarket giant Woolworths increased its share of the grocery market to 34% in 2018, according to new data.

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Majority of Aussies think Labor’s property tax changes will increase rents

A new survey has revealed 52% of Australian voters believe housing rents will rise if the Labor Party’s proposed changes to negative gearing and capital gains tax are legislated.

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millennials save money

Consumers ‘cautious’: March new car sales slip

Amid an increasingly uncertain economic climate, Australian sales of new vehicles in March were down 7.1% on last year, according to the latest figures.

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millennials save money

RBA remains deadpan on interest rates: Cash rate held at 1.50%

To no surprise, Australia’s central bank has held the cash rate unchanged for the 29th meeting in a row at 1.50%, leaving no clues as to whether this stance will change in the near future.

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millennials save money

Consumer banking satisfaction falls to 77.9%

Amid the process and fallout of the banking royal commission, the average rate of customer satisfaction with Australian banks slid to 77.9% in February 2019, according to Roy Morgan’s latest research.

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millennials save money

‘Further cooling’ ahead for housing as annual credit growth hits all-time low

Australian annual housing credit growth sunk to 4.2% in February, the lowest rate for records that date as far back as 1977.

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millennials save money

Land lot prices rising despite shrinking lot sizes

Australia’s median land lot size shrank to from 422 to 420 square metres in 2018, but that didn’t stop the median lot price from rising around the country.

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