First Home Buyer 5% Deposit Scheme hits parliament
Consultations with lenders regarding their participation in the Federal Government’s new First Home Loan Deposit Scheme are due to begin following the introduction of draft laws.
September 13, 2019
NAB says RBA may cut interest rates to near zero
NAB economists have changed their mind on the Reserve Bank outlook and now believe the RBA could cut the cash rate to as low as 0.25% by mid-2020 unless there is “meaningful stimulus”.
September 12, 2019
Lack of trust in financial institutions stops women investing
Women wield a huge amount of power when it comes to household finances, with four in five saying they’re responsible for the purchasing decisions at home. Yet a number of barriers continue to hold women back from investing, widening the ‘investment gender gap’.
September 11, 2019
Australians spend $1,460 every year replacing items instead of fixing them
Australians are opting to throw away broken household items and replace them with new ones rather than repairing them, to the tune of $28.3 billion over the past 12 months.
September 10, 2019
Should you buy a new high-rise apartment?
Imagine being evacuated from your apartment because there were fears your apartment building could be about to collapse. That was the scary reality faced by the residents of Opal Tower and Mascot Tower in Sydney.
September 09, 2019
Superannuation system is failing millennial women, report says
Young women want to be completely financially independent in retirement but believe the superannuation system is stacked against them, new research says.
September 09, 2019
Well Home Loans now offers what might be Australia’s lowest home loan rate
Non-bank lender Well Home Loans is shaking up the mortgage market, cutting its fixed home loan rates to the lowest rate yet – at 2.74%.
September 06, 2019
Australians are holding onto their homes for twice as long as they were 10 years ago
The length of homeownership continues to rise, nearly doubling in the last 10 years according to CoreLogic figures.
September 05, 2019
Slowest economic growth since the GFC
Australia’s economy has slowed right down, with GDP growth stalling at 1.4% – the lowest rate since 2009 in the wake of the Global Financial Crisis.
September 04, 2019
Aussies losing $500 every time they travel by making these mistakes
The average Aussie traveller is losing up to $500 every time they go on holidays through unknown transaction fees, lost or stolen cash, or by not budgeting properly, new research shows.
September 03, 2019
