News

Time to save a deposit blows out for first home buyers

First home buyers now need an extra four months on average to save a 20% deposit amid strong house price growth.

By Emma Duffy ● June 21, 2021

NSW announces $3,000 rebate for electric vehicles and waives stamp duty

The New South Wales Government has committed $490 million in its budget to cut taxes and incentivise uptake on electric vehicles.

By Alex Brewster ● June 21, 2021

Teachers Mutual Bank launches neobank 'Hiver'

Teachers Mutual Bank has soft-launched its own neobank called Hiver, which is the first neo created by a customer-owned bank.

By Harrison Astbury ● June 21, 2021

Median value hits $1m in over 200 suburbs, pricing millennials out of housing

Median property prices across more than 200 Australian suburbs have ticked over the $1 million dollar mark as house prices increase strongly.

By Emma Duffy ● June 18, 2021

Generational demand sees first home buyer lending hit record high

Data from NAB has revealed lending to first home buyers hit a new record high in April, but the rush into regional areas has stagnated.

By Alex Brewster ● June 18, 2021

What does booming US inflation mean for Australia?

The United States' latest inflation figure of 5% paints an illustrative story, but what does it mean for Australia?

By Harrison Astbury ● June 18, 2021

Unemployment rate drops sharply to 5.1%, level with February 2020 rate

Australia's unemployment rate fell to 5.1% in May from 5.5% in April, seasonally adjusted.

By Alex Brewster ● June 17, 2021

Australia's lowest paid workers to receive an extra $18.80 per week under minimum wage rise

The Fair Work Commission (FWC) has announced it will raise the national minimum wage by 2.5% which will come into effect from 1 July.

By Emma Duffy ● June 17, 2021

Tradies prioritising home ownership over starting a business

Young tradies are often stuck between a rock and a hard place - do they prioritise buying a home, or start their own business? The answer can be tricky.

By Harrison Astbury ● June 17, 2021

Rents to rise as vacancy rates tumble to lowest level since 2012

The number of available rental properties in Australia has dropped to 1.8% in May, the lowest level in almost a decade.

By Emma Duffy ● June 16, 2021