A record 101,000 properties — or around one in five of those put on the market in Australia last year — went to auction1. And while clearance rates vary between markets, there is no denying plenty of buyers are willing to go head-to-head with the hammer.
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Whether you think it’s a necessary evil, believe it makes the world go round or wish it grew on trees — money is an essential part of life. Take our quiz to test how much you really know about your money and how it can work for you.
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Consider this: 30 years ago it cost about 3.5 times the average annual salary to buy an average priced Australian home — today, it costs around 7.5 times our yearly earnings 1. With the average new home loan nudging $444,0002, it’s more important than ever to look at strategies to…
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The Productivity Commission’s (PC) draft report into Australia’s workplace relations framework does not look set to make major changes to the country’s idiosyncratic system of award wages, much to the chagrin of business.
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With celebrations for the race that stops a nation in full swing, we have the latest cash rate announcement hot off the press. The Reserve Bank of Australia has again decided to leave the official cash rate at 2.00%. This approach was predicted by many financial commentators as the Reserve…
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Now that the year's big weekend of sport is behind us, and with only three rate alert decisions between now and the end of the calendar year, all eyes were on this month's Reserve Bank decision which has just been announced. The Reserve Bank of Australia has again decided to…
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The Reserve Bank of Australia has today decided to leave the official cash rate unchanged at 2.00%. This approach was widely anticipated by financial markets as the Reserve Bank continues to assess the impact of February and May rate cuts, regulator initiated tightening of the investment housing market and local…
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Take your little one on a marvellous, magical adventure with a book personalised with his or her name. Brilliantly written and beautifully illustrated, every name creates a unique story. The adventure follows a child who loses their name, and has them tracking down the missing letters – along the way…
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By the time we save for our first home, upgrade to a bigger or better one, earn enough money to pay the mortgage and bills and live life in between, it’s not surprising many of us don’t contemplate investing in property until we are middle-aged or beyond.
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The good news is interest rates are at record lows. The bad news is the average mortgage size in most Australian capitals has hit an all-time high. The challenge for many borrowers who are used to low rates could be keeping up with payments when rates inevitably rise. Those who…
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