The Queensland economy is ready to move on from its mining days and ride ‘the next wave’: gas, tourism, agribusiness, international education and wealth management. According to the Deloitte Qld Index 2014, employment growth in Qld over the next five years is expected to average 2.5% per annum. That compares with expected employment growth for […]
Consumers are skeptical about the transparency of banks, with a recent consumer survey revealing that 84% of respondents think banks should have to disclose who owns them in any advertising. The consumer survey, conducted by People’s Choice Credit Union, also found that two-thirds of respondents thought that multi-branding was used to trick customers about ownership. […]
Consumers are skeptical about the transparency of banks, with a recent consumer survey revealing that 84% of respondents think banks should have to disclose who owns them in any advertising. The consumer survey, conducted by People’s Choice Credit Union, also found that two-thirds of respondents thought that multi-branding was used to trick customers about ownership. […]
A former ACCC chairman has called out Australia’s banks for not passing on rate cuts, and a broker association head has applauded the comments. Former ACCC chair Allan Fels told News Ltd last week that banks were “ridiculously slow” in passing on rate cuts when funding costs fell, and argued that Australian’s were “owed” a […]
Interest rates are likely to remain at record lows and to drive an increase in business investment, according to the Reserve Bank of Australia. Governor Glenn Stevens told the House of Representatives Standing Committee on Economics that investment levels were below par, despite record-low cash rate. However, he said that was “pretty normal at this […]
Aust Securities and Investment Commisions (ASIC) has issued a warning to real estate agents over SMSF property investment, saying they may be breaking the law. In a speech to the Certified Public Accountants, Australia SMSF Conference, ASIC commissioner Greg Tanzer said the regulator was aware that some real estate agents and property advisers were recommending […]
An industry lobby has called on the government to set up its support of the reverse mortgage market as Australia’s population ages. Equity Release OZ has pointed to the interim report released by the Financial System Inquiry, saying that the report addressed equity release only briefly. Equity OZ chief executive Kevin Conlon said the report […]
Australia’s superannuation rules could “significantly change the dynamics” of the property market, one super provider has warned. Recent modelling suggests that the average 65-year-old retiree’s super balance will likely be exhausted after only six years of retirement, according to Club Plus Super. Chief executive Paul Cahill said Australia’s rapidly aging population could result in hundreds […]
The Reserve Bank of Australia has forecast that the cash rate will remain at a record-low 2.5 per cent for at least one more year. The board agreed that a period of stable interest rates was the most sensible course of action, according to the minutes of its recent monthly meeting. “In Australia, market expectations […]
Stick to the plan Over spending is one of the biggest dangers in renovating. A savvy home owner will set a ironclad budget and see it through to the end, which some would estimate at 10 % of the property’s purchase price. These amounts can then be broken down room by room. If renovators have […]
