Nov 9, 2019 | Finances, Financial Literacy, Financial Planning, Interest rates, Investing, Property, Uncategorised
This article summarises the key announcements and important changes to the economy that has occurred over recent months. We touche on interest rate concerns, rising property prices and US-China trade negotiations. Interest rates The RBA followed up its June interest...
Aug 29, 2019 | Finances, Financial Literacy, Health & Wellbeing, Interest rates, Lending
If you’ve ever laid awake at night thinking about your finances you’ll know: financial stress can be debilitating. What you may not be aware of is the strong link between financial stress and mental health. According to the Australian Institute of Health and Welfare,...
Jun 6, 2019 | Finances, Financial Literacy, Financial Planning, Health & Wellbeing, Interest rates, Lending, Loans, Property
By the end of 2018 Australia had, relative to the size of its overall economy, one of the highest levels of household debt in the world. At 127% of gross domestic product (GDP), our household debt, as a percentage of GDP, had nearly doubled over the last 20 years. So...
Nov 12, 2018 | Finances, Financial Literacy, Interest rates, Investing, Uncategorised
You might think that only importers and exporters pay attention to the value of the Aussie dollar, but movements in the exchange rate affect us all. After peaking at US$0.81 in late January 2018 the Australian dollar fell as low as US$0.70 in October. It also fell...
Sep 6, 2018 | Finances, Financial Literacy, Interest rates, Lending, Loans, Uncategorised
Fuelled by rising house prices and low interest rates, the level of personal debt in Australia is relatively high compared to many other countries.i The largest proportion of this debt is often used to purchase a valuable asset – the family home. With careful...
Aug 17, 2018 | Finances, Interest rates, Lending, Loans
Whether it’s due to over-enthusiastic lenders or desperate borrowers, failure to adhere to robust lending standards can land some borrowers in serious financial distress. In many cases the difficulties experienced by these borrowers could have been avoided if...
