Improve your borrowing power
Your Money

4 strategies to improve your borrowing power

- October 27, 2023 2 MIN READ

Borrowing power has plunged over $260,000 for some Australian families, trapping many mortgagees that can’t qualify for better rates, and hampering house hunter hopefuls. Lenders have been far more cautious in an effort to offset the risk of recession and higher rates that could impact long-term serviceability. Fixed rate borrowers who have just had their… Read more »

What's worrying Aussies the most
Your Money

What’s worrying Aussies the most?

- September 15, 2023 3 MIN READ

Research from Compare the Market’s new Household Budget Barometer has revealed the nation’s surprising financial fears for the next 12 months. According to the report, the cost of groceries, energy and fuel are the bills that Australians believe will cause the most pain in the next year. In fact, a whopping 66.4 per cent of… Read more »

Profit reporting season is here
Your Money

What the latest profit reporting season tells us about Australian listed companies

- September 8, 2023 3 MIN READ

Yet another fast and furious profit reporting season is over. We get bombarded with so much information that it’s pretty hard to get perspective on what actually happened. That’s why I always look forward to CommSec’s wrap up of reporting season to provide the overview. Here’s summary of CommSec’s key takeaways from this year. Aggregate… Read more »

Aussie savings drying up fast
Your Money

Our record savings cushion is drying up fast

- August 25, 2023 3 MIN READ

Australian household savings rates have reached lows not seen for more than 15 years. Australians built a huge savings war chest during COVID (lockdowns prevented us going out and spending) which has helped us fight inflation and rising mortgage repayments. We’ve dipped into our savings to cover the cost increases and still maintain our spending.… Read more »