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A tumultuous week for finance nerds like me who for years have excitedly marked the first Tuesday of the month in our calendars as “Reserve Bank Board Meeting Day”. This week was the last RBA board meeting on the first Tuesday of the month… the next one will be Tuesday March 19 as the RBA… Read more »
Interest rates may be on hold after this week’s RBA board meeting but thousands of homeowners are still paying more for their home loan because they have fallen onto so-called “back-book” rates. Back-book rates are where existing loyal customers are being charged a higher interest rate than new “front-book” customers. That difference is as much… Read more »
For weeks I’ve been pointing toward Wednesday’s December quarter Consumer Price Index (CPI) announcement as being crucial to setting the tone for interest rates this year. Well, the result was really encouraging and basically signalled the top of this interest rate cycle. The headline CPI rose 0.6 per cent for the December quarter and 4.1… Read more »
David Koch is back for a brand-new season of Your Money & Your Life, airing every Thursday 2PM (AEDT) on the Seven Network from February 1, 2024. Your Money & Your Life, which first debuted in 2021, is a personal finance TV show aimed at helping all Australians save, spend, invest and manage their money… Read more »
Economists talk about much needed productivity gains and simplifying our tax system is a key part of that. The changes to the stage 3 tax cuts won’t help. I don’t have an issue with watering down the benefits to top income earners and shifting them to lower to middle income earners – those who’ve been… Read more »
I’ve said this many times before, landlords are not the bad guys in this current rental crisis. In fact, an important part of the solution to the crisis is to encourage more people to be a property investor rather than malign them. The crisis will be solved by Government building more low-cost rental housing, encouraging… Read more »
Investing for the long term is all about getting the trend right. While the Australian sharemarket finished 2023 at near a record high (and who would have predicted that at the start of the year… or even as recently as October), this chart from one of my favourite analysts Carl Capolingua shows it is part… Read more »
The cost of buying a home in our capital cities is now 14 times our annual income, up from five times the annual income in 1990. Who’s doing it tougher, young homeowners today or their Baby Boomer parents who were paying 17 per cent mortgage interest? It’s the intergenerational war of words that has been… Read more »
The US central bank has made a major pivot away from talking tough about further interest rises and is now openly hinting at interest cuts in 2024. On Thursday morning our time the Federal Reserve Bank kept US interest rates on hold as expected, but then said they were expecting to cut rates 0.75 per… Read more »
This week gave us some critical economic signposts. The RBA decided to keep interest rates on hold and the latest economic growth figures were pretty anaemic – without the impact of migration the economy would be in recession. As expected, at their meeting on Tuesday, the RBA Board decided to keep interest rates on hold… Read more »
