Monthly Archives: July 2019

Jul 24

CBA Have Already Cut Savings Rate

By Shane | News

CBA, Australia’s largest bank has reduced interest rates on its savings accounts by up to 0.25%. It is the last of the four big banks to cut savings rates following the cash rate cut of RBA.

For the CBA NetBank saver account, the new intro rate which covers the first 5 months is 2.05% from the old intro rate of 2.20% which cut the rate to 0.15%, and the rest will have an ongoing rate of 0.15%

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Jul 23

The Demand Fluctuation Of Housing In Australia

By Shane | Finance

The Most Common Factors Affecting Housing Demand In Australia

1. Affordability

An increase in income means that people can afford to spend more on housing. Within the time of economic growth, demand for houses are expected to increase. Also, the demand for housing tends to be a luxury good. Thus, an increase in income causes a bigger percentage of growth in demand.

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man sliding down a cliff being chased by a ball of debt overhang
Jul 16

What Will Be The Effect Of Household “Debt Overhang” In Australia?

By Shane | News

What Is Debt Overhang?

A Debt Overhang happens in a household when the household spending is significantly greater than the household income. It is up to the point that the household can’t already take on additional debt to finance other expenses. Household debts consist of the debts of all members of a household. It includes consumer debt, mortgage loans, home equity loans, auto loans, student loans, and credit cards.

Debt overhang is certainly a liability. The effect of this is that you can’t buy even the most important things. It serves to prevent current investment since all of your income would all go to your existing household debt leaving you only with just a small incentive that will make it so hard for you to recover from your difficult situation.

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Jul 15

How Will The Last Election Affect Australia’s Property Market?

By Shane | Finance

Housing in Australia is crucial to the economy’s growth and the welfare of the people. Australia is always a matter of the moment relating to the Property Market.

The housing finance industry had influence significantly the global market in the past decades. It is because of the increase in demand for housing and homeownership. However, in recent years, Australia has experienced a sudden decrease in demand in the property market.

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large home lit up in the early evening.
Jul 11

Types Of Home Loans In Australia

By Shane | Finance

There Are Various Home Loan Types to Choose From

It can really be overwhelming for anyone who plans to buy a property, most especially if it is your first time. It is crucial to know all the available loan options before deciding to make a purchase.

As the years go by, the demand for home loans is continuously increasing. So nowadays, there are different types of home loans that are being offered by banks and lenders. These home loans can cater to many people, however, it is required to thoroughly understand the loan options available in accordance with your needs.

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