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This will be very welcome news for any home owner … Louis Christopher’s Boom and Bust Report is one of the most eagerly awaited property reports of the year. SQM Research has now released the latest edition – and here’s what it predicts: Spot on Longtime readers will know I highly rate Louis and… Read more »
Welcome to the start of storm season. South East Queensland has really been battered by thunderstorms this week and we’ve seen the start of cyclones across the Top End. I know the cost of living is still hitting the household budget of many Australians but don’t sacrifice your insurance cover to save money. There’s an… Read more »
Planning a trip with friends, family or just yourself over summer? If you’ve booked your flights, you’ll be getting excited about new adventures, but before you start packing your bags, you need to do a little prep work to protect yourself. That means looking into the value – and necessity – of travel insurance. Start… Read more »
We all know Australia has a housing crisis. Just chat to a first home buyer in shock at property values, or anyone struggling to find (and afford), a home to rent. While there are lots of issues contributing the problem, a couple stand out. These are the nation’s two biggest ‘property pain points’: Property pain… Read more »
The Reserve Bank wants to cut interest rates – but it doesn’t know when, and it can’t guarantee that cuts will happen at all. That’s the bottom line from Tuesday’s RBA decision to keep rates on hold, and the clear message from Michele Bullock’s press conference following the announcement. Interest rate horoscope The chart below… Read more »
Falling into a consumer debt trap is something that happens to most of us at least once in our lives. And when it happens, we swear it will never happen again. Working to pay off that debt is hard work – and all that extra interest we have to pay can feel like an unfair… Read more »
“All I want for Christmas is a rate cut,” many homeowners are saying. Well, I’m afraid that wish is looking unlikely now. Reserve Bank Governor Michele Bullock had warned us that a September-quarter CPI trimmed mean of 0.9 per cent would be a “material miss” for the RBA’s forecasts. On Wednesday, the actual figure came… Read more »
I’ve talked a lot about Australian property prices but just how do they compare with overseas markets? I know every market is different but a comparison does bring some perspective. The below chart from the Organisation for Economic Co-operation and Development (OECD) shows that from an affordability perspective, Australian property is expensive. The OECD does… Read more »
Taxing unrealised gains on investments is incredibly messy and goes against the spirit of investing, so it’s good to see the federal government has had a rethink of its proposed new tax changes on superannuation balances over $3 million. The tax will now be based on realised capital gains, along with interest and dividends. But… Read more »
Many homeowners can start saving – regardless of what the RBA decides at their next meeting. While you (and many other Aussies with mortgages) might be hanging out for an interest rate cut, there are steps you can take right now to reduce your repayments. Lock it in The average interest rate on outstanding home… Read more »
