With more than three million likes on TikTok and 70,000 followers on Instagram, you’d be forgiven for thinking Ella Victoria was enjoying a lucrative career. But the influencer has revealed even she’s moving back in with family to save money. If you needed another thing to remind you that housingContinue Reading
Sydney’s struggling hospitality sector has been hit by the shock closure of a popular restaurant due to a “selfish” landlord – a trend that critics say is strangling the city’s vibrant culture. After a busy weekend of service, Contessa Balmain closed for good today with a devastating note hung inContinue Reading
Over the next four years, the bottom line of Australia’s largest economy will be $4bn better off under the NSW Labor government, with the Treasurer identifying $13bn in spending savings, the Tuesday’s NSW budget has revealed. Despite handing down the state’s fifth consecutive budget deficit, NSW Treasurer Daniel Mookhey saidContinue Reading
The Reserve Bank has offered millions of Australian mortgage holders a brief reprieve, deciding to leave the cash rate at 4.1 per cent for the time being, sparking warnings further hikes could be needed soon. While still at its highest level since April 2012, inflation was trending downwards on aContinue Reading
In the long history of Australian dinner table conversation, there are few topics that manage to elicit as much discussion and debate as the 17 per cent interest rates which defined 1989 and 1990. This period marked the high-water mark of interest rates and also the beginning of a downtrendContinue Reading
A larger than expected budget surplus has put pressure on the federal government to explain why it did not offer more support to the millions of Australians struggling with the rising cost of living. Treasurer Jim Chalmers confirmed the surplus would be“substantially bigger” than the $4.2bn forecast in the MayContinue Reading
In the years since the 1990-1991 recession, Australia’s economy has become the envy of the world, as the Lucky Country managed to dodge a technical recession for almost 30 years. The Covid-19 pandemic arriving on our shores in March of 2020 changed all that, but one would be hard pressedContinue Reading
With yet more interest rate rises expected from the Reserve Bank, one of the country’s largest lenders has announced it will buck a “big four” trend. Source linkContinue Reading
A debt ceiling disaster is looming for America’s economy which could see the nation buckle into a default, plunging the country and the wider world into a financial calamity. New analysis shows if the US were to default, mortgage repayments would reach all-time highs, while experts have warned it wouldContinue Reading
When it comes to the intergenerational debate between Baby Boomers and younger people, there is one talking point that almost always get trotted out: How Boomers at one point paid 17 per cent interest rates on mortgages. The debate about housing affordability and which generation has it harder is scarcelyContinue Reading