The festive season might be a distant memory but many of us will still be paying for it well into the future. According to the Australian Securities and Investment Commission (ASIC), more than a third of us put our Christmas gifts on plastic, racking up an average individual debt of $1,666. The Christmas splurge adds […]
Has there been a better time in recent memory for first home buyers to get on the property ladder? Let’s be honest, Perth property has been pretty stagnant for the last few years but there is some distinct signs of life as prices in certain areas start to move. Everyone knows that as a first […]
Definitions of financial stress are many and varied. One definition could be where a household fails to pay its bills or scheduled debt repayments on time because of a shortage of money. This is quite narrow – it captures only those households for which stress has already manifested in missed payments. A much broader definition […]
It’s a tricky proposition for the first time home buyers – faced with a steep entry point, is it worth stretching the budget even further to get a second bedroom? According to Domain Group data, two-bedroom apartments cost an average of 13 per cent more across Sydney, although this can vary depending on the suburb. […]
Total domestic housing loans across all authorised deposit-taking institutions (ADIs) have risen by $100bn (or 6.9%) to more than $1.55 trillion in the 12 months prior to September 2017. These figures come from the Australian Prudential Regulation Authority (APRA) which examined residential and commercial property exposures as well as new housing loan approvals. The regulator […]