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.

Read More…

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.

Read More…

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.

Read More…

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.

Read More…

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.

Read More…

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.

Read More…

millennials save money

Property price falls ease over February: Corelogic

The median value of Australian property continued to slide over February, albeit at a slower pace than in January and December, according to new data.

Read More…

millennials save money

Monthly housing credit growth hits lowest rate in 34 years

Australia’s property lending slowdown continued over January 2019, with housing credit growing by the slowest monthly rate since 1984.

Read More…

millennials save money

Banking Code shaken up to better protect customer

In response to recommendations from the Hayne Royal Commission’s final report, the Banking Code of Practice will be revamped to provide better protections for Australian banking customers.

Read More…

millennials save money

Westpac & UBS flag further housing market weakness

Analysts from two of Australia’s biggest financial institutions have warned that tightening lending standards could continue to lower house prices and weigh down the economy.

Read More…