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Sydney Median Soars to $1 Million

Sydney house prices recorded a staggering 7.58% growth in the July quarter, pushing the median home values to $1,017, 500.

Sydney has outperformed all capital cities in housing growth for the July quarter, with all capital cities finishing at an average growth of 0.92%. Melbourne was a distant second to Sydney in property growth, finishing at […]

By |September 24th, 2015|Finance|Comments Off on Sydney Median Soars to $1 Million

What You Need to Know About Self Managed Super Funds

SMSFs are private funds that – as the name suggests, funds that you can manage yourself. Of course, this type of funds are regulated and should follow rules set by the Australian Taxation Office. But, what exactly is a Self Managed Super Fund?
SMSFs at a glance
SMSFs are investment funds that should be established for the […]

By |August 3rd, 2015|Finance, Self-Managed Super Funds|Comments Off on What You Need to Know About Self Managed Super Funds

SMSF Grows the Fastest Among Super Funds

Self – Managed Super Funds have increased by 29% in 5 years, making it the most popular and fastest growing super fund, nearly hitting the $560 billion mark.

The Australian Taxation Office showed that SMSF’s account for a staggering 99% of the number of super funds across Australia, accounting for 30% of the $1.9 trillion total […]

By |December 19th, 2014|Finance|Comments Off on SMSF Grows the Fastest Among Super Funds

Consumer Confidence Slumps to Lowest Point in 3 years

Respondents to the latest Westpac – Melbourne Institute survey showed a bleak consumer outlook for 2015.

The Consumer Sentiment Index dropped by 5.7% – the lowest it has been for 3 years, plummeting from 96.6 to 91.1. Westpac’s Chief Economist expressed concern over the results, calling it “disturbing”, as more people become worried about the stability […]

By |December 10th, 2014|Finance|Comments Off on Consumer Confidence Slumps to Lowest Point in 3 years

AU Dollar Drops to 4 ½ Year Low

The Australia dollar dropped below US83¢ for the first time in 4 ½ years, dipping by as much as US82.90¢ as the US economy mounts pressure on the local currency.

US job data showed that in the past month, 321,000 jobs were created, way above the forecast of 230,000. This has been the biggest monthly total […]

By |December 9th, 2014|Finance|Comments Off on AU Dollar Drops to 4 ½ Year Low

The Unhealthy Way to Healthy Sales Numbers

Australians spend around $85 billion in supermarket groceries annually, with meat, fruits and vegetables accounting for $28 billion. Surprisingly, tobacco and junk food are quickly catching up, with $17 billion in combined sales.

In the 12 months to June alone, cigarette sales have ballooned to $8.5 billion, a 16% increase from the last year, become the […]

By |November 25th, 2014|Finance, Sales|Comments Off on The Unhealthy Way to Healthy Sales Numbers

Are Rate Cuts Still Possible?

Chief Officer for Investments of Saxo Bank Steen Jakobsen has been long forecasting further rate cuts as majority of economists predict a rate hike for next year. With falling commodity prices and rising unemployment, how low can we really go?

Rate cuts are most likely to happen to support the economy, according to Jakobsen, with predictions […]

By |November 17th, 2014|Finance, Interest Rates|Comments Off on Are Rate Cuts Still Possible?

Are Banks Prepared for a Mortgage Crash?

The Australian Prudential Regulation Authority recently conducted a mortgage stress test on 13 Australian banks to determine the industry’s preparedness in case of a crash – and banks are not as prepared as they think.

The mortgage stress test included drastic market situations, such as a recession and a sudden rise in the official cash rate. […]

By |November 10th, 2014|Finance, Mortgage|Comments Off on Are Banks Prepared for a Mortgage Crash?

AU Dollar Falling: Are We Supposed to Worry?

The Australian Dollar has been on a downward spiral as it finished below US 90¢ from a high of $1.10 back in 2011. Is the Australian economy weakening, or is there a valid reason for the currency drop?

The United States economy has been recovering for the past months, making the US dollar stronger and inversely, […]

By |October 14th, 2014|Economic Growth, Finance, Interest Rates|Comments Off on AU Dollar Falling: Are We Supposed to Worry?

14 month hold for record low interest rates

As expected, the Reserve Bank of Australia has kept the cash rate at 2.5% for the 14th straight month, the longest in more than a decade.

RBA governor Glenn Stevens said that credit growth has been growing at a moderate pace and that dwelling prices have continued to rise. The interest rate supports the current state […]

By |October 9th, 2014|Finance, Interest Rates|Comments Off on 14 month hold for record low interest rates