millennials save money

Retirees fear financial ruin as COVID-19 dampens retirement dreams

Four in five retirees feel their investments are not safe from the COVID-19 economic downturn, while nearly 80% of prospective retirees don't believe they'll have enough.

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millennials save money

Retail sales spike 16.3% in May - the largest rise in 38 years

Preliminary retail sales surged 16.3% in May, rising by $4.03 billion to $28.83 billion - the biggest monthly rise ever published in 38 years of data.

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millennials save money

Qantas offers refunds for cancelled flights due to COVID-19

Qantas will offer refunds to customers whose international or domestic flights were cancelled or suspended due to coronavirus travel restrictions.

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millennials save money

What makes a good investment property?

The COVID-19 pandemic may have created a lull in the property market that could present a unique opportunity for savvy investors to purchase their first or next investment property. But not all properties make good investments.

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millennials save money

Low fees on savings accounts drives 7% plunge in bank fee revenue

Bank's fee revenue from households fell by 7% last year, largely driven by lower fees on deposit accounts.

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millennials save money

Aussies spent big on coronavirus-driven home renovation boon before $25k HomeBuilder grant

Australians were spending up big on home renovations and trades services before the $25k HomeBuilder grant was announced, new data shows.

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millennials save money

Sydney rental vacancy rate climbs to highest since 2005

The number of rental properties sitting vacant in Sydney have continued to surge, new figures show, putting pressure on landlords to cut rental prices.

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millennials save money

Sydney and Melbourne drive 1.6% national house price increase for March quarter

Residential property prices rose by 1.6% in the March quarter, driven by gains in the Sydney and Melbourne markets.

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Wages growth turns negative for first time in 20 years

Australia's annual pay growth has fallen into negative territory for the first time in two decades, according to new figures from the Melbourne Institute.

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millennials save money

OECD calls for JobKeeper extension, warns COVID second wave could derail economy

Australia's economy could contract by -6.3% this year if there is a second wave of infections - a $25 billion economic blow - according to new research.

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