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Hey gang, get up to speed on this week’s financial trends with my market updates. Even though we may still be in holiday mode, so much has been happening. – This week’s good job figures…29,000 new jobs created for the month of December and the unemployment rate falling to 5.1 per cent has many economists putting… Read more »
There was a 1.9 per cent fall in the Westpac/Melbourne Institute consumer sentiment index for December, released last week. It currently sits at stands at 95.1 points, below the longer term average of 101.5 points. A reading below 100 points denotes pessimism, although economists believe are more apprehensive about how 2020 will unfold than negative.… Read more »
Workers hoping for a pay rise as their Christmas present are unlikely to find anything in their stocking as the Australian government revised down its forecasts for economic and wages growth in its mid-year economic update. Treasurer Josh Frydenberg and Finance Minister Mathias Cormann released the Mid-Year Economic and Fiscal Outlook (MYEFO) – the government’s… Read more »
I must admit last weekend I became really annoyed at the release of US job figures where 260,000 jobs were created in November and unemployment dropped to 3.5 per cent… the lowest since 1969. I was annoyed because I wondered why Australia can’t get its unemployment rate down to that level… we seem to be… Read more »
An investigation into the places in Sydney and Melbourne where people hold onto their properties for a long time has given new meaning to the meaning “exclusive suburb”. RiskWise Property Research has found the five suburbs in both capitals where people hang onto their homes for at least 20 years and whether upmarket or The… Read more »
Hey gang, get up to speed on this week’s financial trends with my market updates. My head is spinning from the amount of information that has come out this week. But it is giving us a great snapshot of where we’re at… and leaves a few question marks as well. So let me give you… Read more »
Surging property values in Sydney and Melbourne during November, along with a housing rebound in Perth, has delivered the biggest increase in national house prices in 16 years. Sydney and Melbourne property prices rose 2.7% and 2.2% respectively in November Those increases, along with Perth rebounding, led to the biggest monthly jump in national house… Read more »
Hey gang, get up to speed on this week’s financial trends with my market updates. A lot happening this week when it comes to the future of your money. As you all know I’m a natural optimist and I have been very positive about the economy. I still am… buuuttt, I must admit I’m a… Read more »
The growing problem of phone scams is expected to cost Australians more $500 million this year, to the government and regulators are moving to block popular ones and push telcos to ramp up efforts to combat them. The Australian Communications and Media Authority (ACMA) has been reviewing the problem for 18 months and this week… Read more »
Australia’s two biggest property markets, Sydney and Melbourne, are projected to hit new peaks by the end of 2020 that could see regulatory authorities reintroduce measures to calm an overheated market, according to RiskWise Property Research. While the market has been subdued for around two years, the Reserve Bank’s interest rate cuts and relaxed lending… Read more »
