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Existing bank home loan customers are being financially screwed like never before. But it’s up to you to fight with your bank. For example, if someone took out one of the big four banks’ lowest variable rates this time just last year they would now be on a rate that is, on average, 0.44 per… Read more »
A big week for getting a temperature on the economy leading into Tuesday’s RBA interest rate decision… and that pesky Aussie inflation figure looks to be heading in the right direction. Consumer prices, CPI, rose 0.2 per cent in October and 6.9 per cent over the year, which is slowing down and came in well… Read more »
Everyone wants to get the best possible interest rate from their bank. And this is the best home loan bargaining tool you’ll ever get. Okay, listen up if you have a home loan or know someone with a mortgage. I constantly encourage you to negotiate with your financier to get a better deal, to ask… Read more »
Australia’s banks are some of our largest and most profitable listed companies, with the big four on track to rake in billions of profit this year. How do they make such big profits? From you, their customers. By immediately passing on rate rises to home loans but not giving savings accounts the same courtesy. Charging… Read more »
Financial scams are getting worse, not better. It has to stop. You know how passionate I am about the plague of financial scams conning ordinary Aussies today… and particularly those which illegally use my photo and fictitious comments from me to lure people into their scams. All I can do is report these scams on… Read more »
There’s no doubt we all need a pay rise to help us keep up with inflation. But just how much is needed and how can we increase our chances of getting it? CommSec released a fascinating research report which has taken the latest inflation figures and applied them to average weekly earnings. It found the… Read more »
Here are two clear signs that things are looking pretty good for the Australian economy right now. 1. We’re coping with the interest rate increase impact on our home loans When Westpac declared their disappointing earning result this week – which hammered its share price – I was interested in the page summarising the state… Read more »
When it comes to money, this week was ruled by Central Banks and interest rates. The Reserve Bank (RBA) on Tuesday and the US Federal Reserve (the Fed) yesterday morning. Big decisions… big reactions. So first our Reserve Bank’s decision to lift official interest rates by another 0.25 per cent to 2.85 per cent. That’s… Read more »
You would have been bombarded with information about this week’s Federal Budget, but I liked what CommSec has done and linked each major budget initiative to the listed companies which will benefit most. Household spending and population growth Due to higher inflation, the government will allocate an additional $33 billion over the next four years… Read more »
The stage three tax cuts continue to be a talking point for next week’s first Labour Budget. But should they be? Federal Treasurer, Jim Chalmers, brings down his first Labor Budget next Tuesday. He has certainly been preparing us with dire forecasts of a global recession and tough economic times ahead due to high inflation… Read more »
