Australia’s living standards have stagnated since the global financial crisis, with median household incomes remaining flat since 2019, according to a major national survey. The Household, Income and Labour Dynamics in Australia (HILDA) report from the Melbourne Institute of Applied Economic and Social Research, which has been tracking 17,500 people across 9,500 households since 2001,
Everywhere you look these days, people’s achievements are being celebrated, whether it be in the papers, among our family and friends, or on social media. And why not? Success is a wonderful thing and worthy of celebration, but so to is failure. OK, hear me out on this one. Failure gets a bad rap and most
Exclusive research by Raine & Horne has found that almost three-quarters of click-throughs on homes advertised through their digital marketing tool, Amplify, are made by women. By comparison, just 28 per cent of click-throughs are made by men. “Women have long been recognised as the important decision-maker when it comes to selecting a home,” said
The latest lending figures released by the ABS confirm renewed confidence among home-buyers. Australians borrowed 2% more in June than they did in May. Financing issued to owner-occupiers rose 2.4% to $12.4 billion, while investment loans increased 0.5% to $4.37 billion. The figures do not include refinancing. "In June, we saw rises in new lending
You are not your spending thoughts. Spending without thinking about the long-term consequences is a problem. And by the long term, I mean just 30 days from now when the credit-card statement arrives. Some people label this type of spending “impulsive.” Others use the word “urge” to describe the feeling that comes just before they
Almost half of Australians are living from pay to pay. These figures from a recent Finder survey of 1,780 Australians reveal 46% – the equivalent of more than 5.9 million working Aussies – are unprepared to cope with a job loss, admitting they couldn’t survive financially for more than a month if they suddenly lost
35% of Australians are embarrassed by financial situation. Mortgage Choice and CoreData’s Financial Fitness Whitepaper has revealed that a significant number of Australians are embarrassed by their financial situation. 34% of respondents say they feel embarrassed by their financial habits. Furthermore, it revealed that 42% of Australians feel embarrassed by their personal debt, and one third hide
Brisbane house prices could rise up to 20 per cent over the next three years, the largest increase in national house prices for the period, according to BIS Oxford Economics. The economic forecaster expects the increase in Brisbane’s median house price over the three years to June 2022, although it anticipates most of this growth
Attention home buyers… as of now, the amount you can borrow may have just increased by as much as 14 per cent. The banking regulator APRA has now officially set new rules for how the banks calculate your borrowing capacity. When conducting their serviceability tests, lenders were previously made to do calculations based on an assessment rate
On average Australian householders are millionaires. According to the Australian Bureau of Statistics’ latest Household Income and Wealth Australia 2017-18 report Australia’s average household wealth has passed the $1 million mark for the first time, up more than 37 per cent compared with a decade ago, thanks to property prices and surging superannuation balances. But when you
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