For the last nine months, virtually every banking analyst I know has slapped a “sell” on CBA shares … but the share price has kept rising to record levels. CommBank is a financial beast This week CBA reported its annual results and I got to interview CEO Matt Comyn on the Ausbiz business streaming network.… Read more »
Don’t wait for the RBA to cut rates. Do it yourself with these home loan hacks. The Reserve Bank is not going to save borrowers by cutting interest rates anytime soon. That is the very clear message from RBA Governor Michele Bullock recently. But rather than wait for a future official rate cut to ease… Read more »
The answer to Australia’s housing affordability problem remains a controversial debate for policymakers while new building supply falls painfully short of demand. Grants and handouts? They just fuel higher property prices. Put an end to negative gearing? You risk losing investors and rental supply. Now, the federal opposition reckons early access to superannuation could be… Read more »
There is always a blame game when it comes to interest rates, and now to RBA is pointing the finger … I’ve been saying for a while that Australians don’t deserve another interest rate hike to fight inflation because we are doing the right thing by reigning in inflation. Cost increases are mostly coming from… Read more »
Units are starting to overtake houses in the growth rate race – here’s why. There have been a couple of big property updates from Ray White and CoreLogic this week which shows a two-speed property market and also that home unit values are starting to outpace the growth rate of houses. According to real estate… Read more »
You know I’m passionate about financial literacy and teaching kids about money and investing. So I’m always looking for great ideas on how achieve this. This week, I came across a new Aussie app, Drip Invest, that teaches kids under 18 about investing using real money, but under the supervision of parents. It’s designed to… Read more »
Financial scams are rife these days. Just look at the official complaint figures … You may not be aware that there is The Australian Financial Complaints Authority (AFCA) with an Ombudsman that tries to follow through with consumer complaints about the financial sector. In the last financial year disputes reaching the Ombudsman service rose a… Read more »
A study has revealed just how much the number of bedrooms in a property impacts the rate of rental growth. And it’s very interesting. As the rental crisis continues, it seems tenants are shifting towards larger properties with more bedrooms, so the cost can be shared across more people. CoreLogic has produced a fascinating study… Read more »
Be careful where you get money advice from … I have always said that good advice is your best investment. There is plenty of advice out there, but the question is whether it’s “good”? Today, you can’t believe everything you read on the internet (or scroll past on TikTok) but that’s where 29 per cent… Read more »
Your property will be worth more now, so it’s time to act. Homeowners need to start taking advantage of the increase in their property’s value by negotiating a better home loan interest rate with their lender. The general rule of thumb is that the more equity you have in your property, the better the interest… Read more »
