The ratio of Household Debt to Disposable income has more than tripled since the early 1990s, to around 160 per cent in 2008. source: www.treasury.gov.au
One possible cause of this is the increase in Property Ownership in Australia, especially with Investment Property ownership.
The Reserve Bank of Australia publishes monthly … Read the rest
6 October 2009
At its meeting today, the Reserve Bank Board decided to raise the cash rate by 25 basis points, to 3.25 per cent.
Statement by Glenn Stevens, Governor: Monetary Policy
For many years Australia has had higher interest rates than many other … Read the rest
This graph shows the way that the Australian Governments Net Debt has moved, over the last 30 years, as a percentage in relation to GDP, and what it is expected to do in the next couple for years, following the reaction to the Global Financial Crisis.
and then this one … Read the rest
Cancelling a Direct Debit that you have previously set up, sometimes proves to be a bit harder than you might expect, and the procedure may depend on what type of account the debit is being paid from.
These two headings are referred … Read the rest
After years of complaints about high bank charges in Australia, things may be about to be changing in the big banks, the main culprits of high bank charges.
Westpac Bank for example, is excited to say:
We’re excited about this!
Starting this October, we’re reducing lots of our exception fees … Read the rest
A number of Australian Credit cards have a rewards system that gives cash back to the card Holder.
One of the popular ones recently was the ANZ Bank Rewards Visa card. This gave a refund of $100 for every 13,750 points saved. To reach that number of points, the cardholder … Read the rest
Many Australians are employed on a casual basis, and some of them for many years, even when doing full time hours.
Some banks do not like casual workers when it comes to offering mortgages or loans, but some are perfectly accepting of these workers.
However, due to the difficulty of … Read the rest
A living away from home allowance is an allowance the employer pays to an employee to compensate for additional expenses incurred, and any disadvantages suffered, because the employee is required to live away from their usual place of residence in … Read the rest
