Kochie’s Market Update: A big week of contrasts for financial markets
Happy Friday everyone. Sharemarket continues to soar, gold is at a record high in Australian dollar terms and the Aussie dollar itself is at an 11 year low. It has been a big week of contrasts for financial markets – The sharemarket has been driven by good profit results from major companies. – Gold is…
Have you ever wondered why some people are just better with money?
It is not what we earn or how old we are – it’s our underlying attitudes that have the greatest influence on our financial outcomes. Your Spenditude (attitude to money) is formed when you are very young and continues to be influenced by life events. Your Spenditude is either as a Spender, a Slender or a…
Ask Kochie: How to choose between the big banks vs smaller home loan providers
Did you miss this week’s Facebook Live session with David Koch? Watch the segment now as he gives a rundown on this week’s economic updates and answers questions from his audience on Facebook. Questions answered this week: – I’ve recently got a pay rise and am considering putting it into my super. Or would it be better…
Australia’s property auctions are starting to boom again
Australia’s real estate auction markets are heading back towards boom levels, the national clearance rate at 78.6%, based on preliminary results, and Sydney, Melbourne Canberra and Perth around or above an 80% clearance rate with the number of properties also well above the levels seen 12 months ago. Capital City Auction Statistics (preliminary). Source: Corelogic …
Kochie’s property update: Low interest rates are leading to bigger loans
Cheap money also allows people to borrow more with the average home loan in Australia reaching $500,000. Since the Federal election the average new home loan has lifted by around $60,000 or 16 per cent. Rate cuts and increased buyer enthusiasm for property have driven the gains. But with wages growing at a 2.2-2.3 per…
Kochie’s Market Update: Stock Market and Reserve Bank Update
Hey gang, get up to speed on this week’s financial trends with my market updates. We’re in the midst of the profit reporting season from Australia’s major companies. Stocks which are meeting their performance expectations are being rewarded… but those which aren’t are really being caned by investors. Out of the results this week, for…
How to make your wealth last a lifetime
It’s one of those financial nightmares we all hope doesn’t come true… running out of money in retirement. Outliving your wealth adds an unwelcome level of stress at a time when you’re financially vulnerable. Without a regular income stream from a wage, and limited employment opportunities, it is near impossible to rebuild if you run…
First home buyers came back for Christmas as the average mortgage heads to $500,000
Australians started borrowing again before Christmas, with the value of new home loans up by 4.4% in December (seasonally adjusted), while personal fixed term loans rose by 3.5% according to data released today by the Australian Bureau of Statistics. The value of mortgages to owner-occupier rose by 5.1%, an eight-year high, and 17.9% over the…
Kochie’s Market Update: Economic trends and financial activity this week
Hey gang, get up to speed on this week’s financial trends with my market updates. As most of you would realise I have been the Reserve Bank’s biggest cheerleader for many years. In my view both Governor’s… current Philip Lowe and predecessor Glenn Stevens… and their boards have done a sensational job in managing monetary…
Kochie’s property update: Home loan interest rates and positive property activity
With Governor Philip Lowe confirming low rates are here to stay. Competition in the home loan market has continued to heat up. There are now over 30 lenders offering variable mortgage rates starting with a “2”. Lowest advertised rates on RateCity.com.au Variable rates Lender Advertised rate Reduce Home Loans 2.69% Well Home Loans 2.72% Homestar Finance…
How to make money fast: 7 ways to earn extra cash
Everyone has a moment of financial desperation. A moment when they wonder, how can I make money right now? An unexpected big bill, an opportunity too good to resist, a sudden overseas trip… the list is endless. The only thing in common is that you’re in a financial bind and in need of extra cash……
