News

Australia’s population currently sits at around 25.8 million. By the end of 2030, that number is expected to be closer to 29 million. By land mass, we’re only about 27% smaller than the US, though their population sits at 331.9 million. With that in mind—sure, geographically, we’ve got enough room for an extra 3 million...

For many Australians, rate hikes and inflation have made the dream of property ownership feel ever more distant. But a recent analysis shows that meeting mortgage repayments could actually be cheaper than renting for more than a third of Australian properties. Look, we get it. Often the biggest obstacle in the way of home ownership...

Sydney house prices are falling at their fastest rate in decades, with a 5.2% decline over the September quarter wiping close to $80K off the median sale price—which is currently approx. $1,464,000. Still, that’s no small price tag. Many are still finding themselves priced out of the market, and with rates continuing to climb, buying...

Whoa, Nelly! The Reserve Bank of Australia (RBA) has lifted the official cash rate again, this time by another 25 basis points to 2.85%. How much will this rate rise increase your monthly mortgage repayments, and when are the hikes expected to stop? Dubbed the “rate that stops the nation”, today’s Melbourne Cup RBA board...

Whether you’re on the giving or receiving end of one of Australia’s biggest financial institutions—The Bank of Mum and Dad—chances are the relationship’s been put under a bit of strain this year. Alas, if you’ve never transacted with the increasingly tapped fund, news of its duress might even inspire a wry smile. With six consecutive...

Life is getting expensive, isn’t it? Nothing’s changed on the shopping list, but the total has definitely changed on the receipt. Add six back-to-back interest rate hikes to the equation and a 12% rise in median unit rents across Sydney, and you’ve got a cost-of-living conundrum on your hands. But while it might feel like...

They say that when one door closes, another opens. But if you’re a renter in Australia right now, that mightn’t be the case. A more apt expression might be the one about being up a certain creek sans paddle. Vacancy rates across Australia have officially hit crisis level. Since May 2020, the number of homes...

The Reserve Bank of Australia (RBA) has hiked the official cash rate by another 25 basis points to 2.60%. How much will this rate hike increase your monthly mortgage repayments, and when will it kick in? It’s hard to believe that at the beginning of May the cash rate was just 0.10%. Today it was...

Forget chickens and eggs and which came first. Bank accounts in 2022 are asking a far more pressing question: Which goes first—the expensive car, the boat, or the holiday house? It’s a question few asset-acquiring Australians predicted they’d have to answer so soon after investing, but with household costs rising steadily and interest rates following...

Another day, another warning from financial experts—this time pertaining to the shock jump in US inflation that could lead to steeper interest rate increases here in Australia. Wouldn’t it be nice if the news had a snooze button? Just ten more minutes without the threat of a global recession, please and thank you. But despite the...