According to the latest news coming from various economists, there is the increasing likelihood that the Reserve Bank may announce another rate cut in early February.
And this is more great news for many mortgage holders. (more…)
Debt
Another rate cut – what could you do with that money?
Wednesday, January 25th, 2012Tis the season to be savvy
Friday, December 23rd, 2011I love Christmas.
I love the trimmings, the trappings, the ribbon and the wrappings. So at the risk of not wanting to sound like the Grinch who stole Christmas…..
While you’re contemplating how much turkey/seafood/pudding you’ve consumed over the Christmas period – why not use some of that downtime to do an audit of your personal finances? (more…)
Are we heading back to the future?
Thursday, November 24th, 2011With continued reports of consumers becoming more conservative with their spending and making a concerted effort to pay down debt, could we be heading back to the future? (more…)
The World According to Ric
Tuesday, October 25th, 2011The Reserve Bank Deputy Governor, Ric Battelino, delivered a speech today at an investment conference on the latest economic and financial developments – and the news wasn’t all doom and gloom (more…)
Keeping a keen ear on what Glenn Stevens says
Tuesday, July 26th, 2011If today’s address at a business luncheon by Reserve Bank Governor Glenn Stevens is anything to go by, he has mentioned that subdued household spending will likely rebound “at some point” as consumers gain confidence in the sustainability of mining-led growth.
More specifically he said “some sectors are also seeing the impacts of a shift in household behaviour towards more conservatism after a long period of very confident behaviour.” (more…)
Learning lessons from debt
Friday, June 10th, 2011The Genworth International Mortgage Trends report released this week found that the average age of first home buyers at the moment is 31 years old. In other words – first home buyers are getting older. (more…)
Consumers changing their behaviour…we’ve seen it all before
Friday, May 27th, 2011With this week’s report from the Australian Institute showing that more and more people are choosing to shop online in a bid to save money from what they perceive as overinflated retail prices, there’s no question many of those same people are borrowers trying to have their cake and eat it too.
They’re looking at all sorts of ways to save themselves some money and I’m sure if people could buy petrol and electricity over the internet more cheaply as well, the websites and the companies behind them would be going gangbusters!
But what else does that study actually tell us about the change in behaviour of consumers? (more…)
Back into rate mode
Friday, January 28th, 2011With the Reserve Bank returning back for their monthly meetings next Tuesday, speculation is mounting once more about what will happen to official interest rates. (more…)
Economy flooded with repercussions
Thursday, January 20th, 2011Predictions are already coming thick and fast about the economic repercussions from the floods in Queensland as well those still damaging towns across Victoria. (more…)
De-risking your December
Monday, November 22nd, 2010Another potential interest rate rise, another round of Christmas presents to buy, another end-of-year social function to attend – and another bank balance goes begging.
So let’s not pull any punches here – December is an expensive month any way you look at it. (more…)