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The sharpest fall in retail spending in more than four years has cast doubt on the Reserve Bank’s economic growth forecasts and adds weight to expectations for a long run of unchanged interest rates. Retail turnover plunged 0.6 per cent to $25.9 billion in August, missing market expectations of a rise from July of 0.3 per […]
Smashed Avocado keeping you out of the property market? What if you bought an avocado farm instead? Recent comments from an Australian property millionaire claiming that smashed avocado was the reason many millennials had failed to enter the property market. Lazy millennials who want everything for nothing, afraid of hard work and changing priorities, death […]
Australian homeowners are failing to put in the effort and seek out better home loan deals despite slow wage growth and piling levels of household debt. These findings come from new research by State Custodians Home Loans which polled over 1,000 people across the country. Surprisingly, only 13% said they were always on the lookout […]
The boss of one of Australia’s largest home loan comparison websites says that mortgage comparison rates are now obsolete and “decades behind” today’s market conditions. RateCity CEO Paul Marshall said that while the comparison rate is a good concept, it is no longer helping mortgage borrowers as much as it once did. “The comparison rate […]
New research shows that more Australian investors are choosing to sacrifice their lifestyle in order to buy properties. According to Mortgage Choice’s Investor Survey, 71 per cent of property investors had to make lifestyle sacrifices so they could buy residential properties, up from 69.4 per cent last year and 68.1 per cent in 2015. “Our research […]
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