millennials save money

Westpac tips Aussie dollar to slide to 68 US cents in 2019

Weak economic growth and cash rate cuts will drive the Australian dollar down to 68 US cents in the second half of 2019, according to Westpac economists.

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millennials save money

What over two-thirds of Aussie consumers say are the wisest places for savings

The mood of Australian consumers has deteriorated this month, according to the latest consumer sentiment index from the Westpac-Melbourne Institute.

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millennials save money

Australia’s biggest annual fall in home loan lending since late ’08

The value of new home loans to Aussie households has fallen over 20% in a year, according to the latest data.

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millennials save money

How RBA rate cuts may have affected Australia’s housing market

Australia’s rapid growth in house prices and construction over the past few years is largely a result of low interest rates, according to new research published by Australia’s central bank.

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millennials save money

Two RBA cash rate cuts in 2019: NAB

National Australia Bank has become the second ‘big four’ bank to forecast Australia’s cash rate to be cut twice to reach 1.00% by the end of the year.

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millennials save money

Housing and rental affordability declines despite falling property prices

Both housing and rental affordability have marginally declined across Australia, according to research.

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millennials save money

Household saving ratio rises slightly to 2.5%

Australia’s household saving ratio has risen marginally from last quarter’s decade-low rate of 2.4%, according to the latest data.

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millennials save money

Rates of mortgage stress continue to rise

More than 1,035,000 Australian households are now estimated to be suffering from mortgage stress, equating to over 31% of all owner-occupied borrowing households.

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millennials save money

Enough Sydney vacancies to house Wagga Wagga’s population

Greater-Sydney’s empty properties are enough to shelter the entire population of a town the size of Wagga Wagga or Tamworth, according to one property research firm.

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millennials save money

Less than half of renters think they’ll ever own a home: HIA

92% of current renters have aspirations of owning a home – but only 49% of them feel they will do so.

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