As read in the Aust Broker Online, a new financial literacy survey reveals alarmingly low home loan literacy levels amongst Australians consumers. The survey, conducted by industry super fund-owned bank ME, found that only 41% of Australians are confident they know enough to have the right home loan for their situation. This worsens to […]
As read in the Aust Broker Online, almost 40% of Australian jobs that exist today have a moderate to high likelihood of disappearing in the next 10 to 15 years due to technological advancements, and financial services is not immune. According to the Australia’s future workforce? Report, authored by the Committee for Economic Development of […]
As read in the Aust Broker Online, Australia’s “irrational exuberance” about borrowing money to invest in property will increase the economy’s vulnerability to a more severe downturn. According to a study conducted by PIMCO, which compares Australian borrowers to those in other countries, lower mortgage rates and house price appreciation have driven a “herd mentality” […]
As read in the Aust Broker Online, Australia’s unemployment rate has fallen 0.1% to a 12-month low of 6% in May, as 42,000 more jobs were created in our economy. According to the jobs data released by the Aust Bureau of Statistics, the participation rate also held steady at 64.7% and hours worked rose by […]
As read in the Aust Broker Online, the Federal Government’s crackdown on rule-breaking foreign property investors is working, according to Treasurer Joe Hockey. Regulations guiding foreign property investors states that non-residents can only purchase new dwellings while temporary residents can purchase one established home to use as their residence while living in Australia, provided it […]
