Record low rates aren’t helping first home buyer confidence

By | September 30th, 2016|Market Information|

When it comes to buying your first home, scraping together enough money to meet your lender's deposit requirements can be a huge achievement, and it's something that increasing numbers of buyers are struggling with. But it turns out that for many, the financial worries don't stop there. A new survey by Mortgage Choice has found [...]

How to earn some cash in your spare time – and enjoy it

By | September 28th, 2016|lifestyle|

Everybody complains about lack of time these days. It's perhaps the biggest excuse people roll out when it comes to pursuing passions and hobbies outside of work. "I would love to take up … but I just don't have time." "I'm already so busy with X, Y & Z, there aren't enough hours in the [...]

Westpac scrapping product-related incentives to focus on service

By | September 26th, 2016|Banks & Finance|

Don't you just hate it when you go to the bank to carry out a simple transaction but the teller won't let you leave until you've signed your life away on some insurance policy or credit card deal? You'd be forgiven for thinking that the staff at your bank have been taking training courses from [...]

Cost of land soaring across Australian capital cities

By | September 22nd, 2016|Market Information|

It's no secret that inner-city homes are some of the most expensive around, but it's not just the designer taps and famous architects that are pushing prices up. It is in fact the cost of land in capital cities that's driving the biggest price increases, and there's no sign of this slowing, according to the [...]

Why you shouldn’t get too excited about the four-day work week

By | September 21st, 2016|lifestyle|

Amazon has recently announced plans to introduce 30-hour contracts for some of its employees as part of a four-day working week trial. They are by no means the first big American company to do this; in fact, about 30% of companies in the US now offer shorter or compressed working weeks. This concept hasn't really [...]

The Government just made $6.3 billion of budget cuts. How does it affect you?

By | September 19th, 2016|Loop Financial|

There was drama in the upper house last Thursday night as angry Greens and crossbench senators fought against new cost-saving measures that the Coalition government was trying to pass. The 'Omnibus' bill includes 20 budget cuts including areas such as climate change and family benefits. The Greens accused the government of trying to disguise important [...]

Millennials wave goodbye to $183 million in ATM fees as they jet off

By | September 16th, 2016|Banks & Finance|

International travel is costing millennials $183 million a year just in ATM fees, new research by Westpac has shown. The 2016 Travel Finance Report from the bank found that young Aussies spend $11.3 billion overseas every year, but they aren't planning ahead when it comes to accessing that money. Respondents to the study aged 18 [...]

7 things for first home buyers to remember

By | September 14th, 2016|lifestyle|

Buying your first property can seem pretty daunting – after all, it's likely your most expensive purchase to date and there's a whole load of legal and financial paperwork to wade through. Welcome to a world of confusing jargon and types of insurance you'd never thought about before, as well as more fees than you [...]

The real cost of economic inequality, $500 a year from your pocket

By | September 12th, 2016|Banks & Finance|

If you hardly noticed your last wage increase and you're left struggling for cash at the end of each month, you're certainly not alone. Economic inequality is on the rise and it's not just your pay packet that's taking a hit. A new report that's just been released suggests that the entire nation's well-being is [...]

Waiting for the property bubble to burst? Time to switch to plan B…

By | September 8th, 2016|Market Information|

Oh, the frustrations of being a renter looking on as the capital city property market jumps from one success to another. We've got buyers splashing money around like they just don't know what to do with it - $1.4 mil for an uninhabitable Sydney cottage, anyone? And there probably weren't many renters jumping for joy [...]

Those Sydney and Melbourne ‘livability’ surveys have missed something

By | September 7th, 2016|lifestyle|

You might have heard about a survey that came out a couple of weeks back ranking the world’s most “liveable” cities. The survey from the Economist Intelligence Unit (EIU) has ranked Melbourne as the most liveable city in the world for the sixth year in a row, which is why you may well have heard [...]

So long, farewell, Auf Wiedersehen, goodnight! Rates Decision September 2016

By | September 6th, 2016|Banks & Finance|

It was the RBA Governor, Glenn Stevens, last meeting today prior to stepping down from his RBA role and with rates at an all-time low, the outcome was generally predicted as a hold.   But with plenty of “crazy” happening around the globe right now, you really just don't know! As per our ‘Loop Alerts’ last [...]

Ever wondered who controls our bank notes, and what happens to the old ones?

By | September 5th, 2016|Banks & Finance|

If you've been out shopping in the past few days you've probably noticed a change in your change, with the first release of Australia's next generation of bank notes made last week. This is the third time our bank notes have received a major overhaul: The decimal currency was introduced using paper notes in 1966 [...]

Low interest rates to blame for Sydney’s sky-high property prices

By | September 2nd, 2016|Market Information|

Sydney is currently experiencing rapid house price growth and properties are being snapped up at auction faster than you can say ‘sold’. But some economists say that it's all happening too fast, fuelled by national interest rates that are too low for the city's booming economy. Terry Rawnsley, head of economic analysis at consultancy SGS [...]