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![]() | New Challenges for Aussie Home Buyers 29 Nov 2023: .financialservicesonline.com.au The latest ANZ CoreLogic Housing Affordability Report for November has revealed a 'triple whammy' effect on prospective home buyers in Australia. Affordability has worsened for not only buyers but also mortgage holders and renters, and unfortunately, the situation is predicted to deteriorate further by 2024. - read more |
![]() | Baby Boomers' Spending Habits: A Challenge for RBA 28 Nov 2023: .financialservicesonline.com.au Last week's release of spending data by Commbank IQ has shed light on a concerning trend that is most likely causing headaches within the Reserve Bank of Australia (RBA). - read more |
![]() | Rise in Small Businesses Complaints to AFCA Indicates Growing Concerns 24 Nov 2023: .financialservicesonline.com.au In the 2022-23 financial year, small businesses lodged a total of 3,807 complaints with the Australian Financial Complaints Authority (AFCA), indicating a significant increase of 9% compared to the previous year. As a result of these complaints, small businesses received $23.4 million in compensation and refunds, marking a 16% increase from the previous financial year. - read more |
![]() | Why Embracing AI Can Enhance Your Financial Advice Business 23 Nov 2023: .financialservicesonline.com.au Sue Viskovic, the founder of consulting firm Elixir Consulting, highlights the importance of incorporating AI into financial advice businesses in an upcoming episode of the IFA podcast. While there may be apprehension regarding the role of digital tools in providing advice, Viskovic emphasizes the continued need for human interaction and trust. - read more |
![]() | New Insights on Inflation and the Australian Economy 22 Nov 2023: .financialservicesonline.com.au Reserve Bank governor Michele Bullock has issued a warning, stating that inflation will continue to be a 'crucial challenge' for the Australian economy in the next one or two years. While many attribute the current inflationary pressures to supply-side constraints, Bullock emphasizes the underlying demand component that central banks are trying to address. - read more |
![]() | Gen Zs Financial Concerns Outweigh Other Generations 18 Nov 2023: .financialservicesonline.com.au Financial matters are causing significant worry among Gen Z individuals, with a staggering 68% feeling the pressure according to the recent research findings by ASIC's Moneysmart program, surpassing the concerns of any other age group. This release coincides with the introduction of a fresh consumer awareness campaign by Moneysmart, aimed at empowering Gen Z individuals to quickly acquire fundamental financial knowledge and develop positive fiscal habits. - read more |
![]() | The Importance of Teaching Financial Literacy to Youth 17 Nov 2023: .financialservicesonline.com.au During a recent outreach program at Penrhos College, Wealth Designers senior financial adviser Dawn Thomas asked a group of Year 9 students about the cohort with the least amount of superannuation. To their surprise, the answer was not what they expected. - read more |
![]() | AMP's New Business-Focused Digital Bank 17 Nov 2023: .financialservicesonline.com.au AMP Group has announced its plans to launch a digital bank designed for sole traders and small businesses, expected to be operational by early 2025. This venture, aimed at disrupting a ready market, will see AMP partner with Engine by Starling, a UK-based neobank subsidiary, to leverage its modular platform for a scalable and robust infrastructure. - read more |
![]() | Study Finds 1 in 10 Aussies Unprepared for Financial Challenges 11 Nov 2023: .financialservicesonline.com.au A recent study conducted by MLC reveals that while most Australians recognize the importance of superannuation in achieving financial independence, a significant portion of the population feels ill-prepared to overcome unexpected financial hurdles. The study, called the Financial Freedom study, shows that although many Aussies are actively working towards improving their financial wellbeing, additional assistance is needed to achieve financial objectives and adequately plan for retirement. - read more |
![]() | Understanding the Recent RBA Interest Rate Hike 08 Nov 2023: .financialservicesonline.com.au Yesterday, the Reserve Bank of Australia (RBA) made the decision to increase interest rates once again. This move comes as inflation in Australia remains stubbornly high and more persistent than anticipated. While there has been some improvement in goods price inflation, the prices of various services continue to rise rapidly. - read more |
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![]() | Good Debt Versus Bad Debt Some people see debt as a curse. Others see it as a friend. Debt can make you miserable, or it can be used to make you wealthy beyond your wildest dreams. The trouble is, how do we know what is good and what is bad?
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![]() | The Four Golden Rules Of Personal Finance As long as you're alive, you are a player on the field of the 'money game'... and you'll need to know the basic rules before you get tagged by the more experienced players! - read more
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![]() | 5 Credit Killers A good credit score speaks volumes about your financial habits. It's the evidence most creditors need to evaluate your credit worthiness. - read more
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![]() | How Credit Card Balance Transfers Can Damage Your Credit Rating Since the banks and finance providers have been castigated for the way they seemingly indiscriminately awarded credit to people who could ill afford it, the chances of being accepted for loans and credit cards have decreased. Concurrently, there is a greater focus on individual's being aware of how credit works and what their financial behaviors means in terms of a credit score and history. - read more
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![]() | Default and Reposession Most people would assume that a default under a loan contract means that payments haven't been made but, as you are about to learn, there are other reasons why a lender may have the right to repossession. - read more
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![]() | Love and Money: 5 Costly Mistakes You Should Avoid During Financial Stress Love can make you do silly things, and when financial pressures bite, it can be tempting to make some desperate decisions. Recent research from Finder has revealed some of the most common romantic mistakes people make during a cost-of-living crisis. Here are five of the worst, along with some tips to help you avoid them. - read more
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![]() | Loan Finance: How to Shop Around Without Damaging Your Credit If you are considering taking out a loan, you wouldn’t go out of your way to make it harder on yourself to get approved or to get a good interest rate, would you? Yet many loan applicants would enjoy a considerably better outcome on their loan application if they followed this important rule.
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![]() | Five Worst Credit Card Mistakes Credit cards can be an excellent way to manage your finances ... they can even be an investment tool. However your credit card can quickly become your enemy if not used correctly. Here are five of the worst mistakes most credit card holders make. If you can avoid these mistakes, you will benefit greatly. - read more
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![]() | Handling Financial Situations As a Married, Unmarried Or Divorced Woman Whether you are in a committed relationship or are a happy single person, you should make it a top priority to understand your finances. This article will highlight some of the key points that you need to understand to take control of your finances and your financial goals. - read more
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![]() | Choosing the Right Bank Financial institutions are located all around the world. If you are looking to open a bank account, whether that bank account is a transactional account or a savings account, you have a number of banking options. - read more
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