Penny Wong has been filmed waving off a heckler who told her she was a “disgrace” while at the shops to pick up laundry detergent. The Foreign Minister was spotted after she made a visit to the Goolwa Village Shopping Centre in South Australia last week. She was seen carryingContinue Reading
An Gen Z influencer has shared how she spent over $3,000 in one week without doing anything lavish. Ella Maegraith, 27, is an online content creator based in Adelaide who candidly discusses her finances, breaking down how she and her partner managed to spend $3428.26 within a typical week. EllaContinue Reading
A simple calculation has revealed the reality that many Australians can’t borrow as much as they are expected to pay in rent. A post in a group aimed at Aussies sharing their plights during the rental crisis has accrued hundreds of comments after a man revealed that he used aContinue Reading
More than one in four Australians do not have any savings in their bank accounts, while more than two-thirds are in debt, a shocking new survey suggests. The troubling figures come during a period of relative economic strength with unemployment below four per cent, but suggest cost of living pressuresContinue Reading
Despite catastrophic predictions of the fixed rate mortgage ‘cliff’ that has generated headlines for months and sowed fears of widespread defaults and increasing arrears, household borrowers have, so far, weathered the interest rate storm. But with the possibility of fresh rate pain on the horizon, the outlook for borrowers againContinue Reading
Households are spending a greater share of their income on mortgage repayments than ever before and borrowers can expect this figure to climb even higher, the Reserve Bank has warned. Speaking at a business conference in Sydney on Wednesday, RBA assistant governor Chris Kent, who heads the bank’s financial marketsContinue Reading
Australians are bearing the brunt of a “mortgage cyclone” — with more than one in three homeowners now fitting the standard criteria for mortgage stress. Some homeowners are now being forced to shovel half of their monthly income to cover mortgage costs after successive rate rises. New consumer research hasContinue Reading
There’s a second-hand jacket by the mid-priced brand Sportsgirl currently on sale for $120 at a charity shop run by The Salvation Army in Sydney’s inner city, and it puts the cost of living crisis into perspective. The Goodwill store on Crown St in Sydney’s Surry Hills is a charityContinue Reading
Mortgage holders will soon be handing over more of their disposable income than ever, with the Reserve Bank warning there are still more rate hikes to come. Governor Philip Lowe made the grim prediction during a speech to the Morgan Stanley Australia summit on Wednesday, where he flagged soaring rents,Continue Reading
Australia’s banks remain “unquestionably strong” and local financial markets are “still functioning” despite being volatile amid growing global strain. Reserve Bank of Australia assistant governor Chris Kent has sought to allay domestic fears of global economic meltdown after a $4bn rescue plan was announced for Swiss bank Credit Suisse overnight.Continue Reading