Recent figures have shown that the record low interest rates have encouraged more people to take out home loans but have not been successful in stimulating the other areas of the economy. According to Janu Chan, an economist at St George, there is a possibility that the Reserve Bank of Australia will decide to reduce […]
People generally don’t bother about changes in tax laws until they are ready to file their returns. However, this approach poses a big risk, especially when it is realized at the last minute that the tax bill could have been considerably lower only if some effort had been put in earlier to understand the implications […]
Bonds are considered to be the safe spots, in a portfolio. However with the current scenario of the Treasury yield sliding down, can it still be considered as a good tool for diversification of portfolio? Risk in bonds The concept of using bonds as security is at stake. With the low interest rate, the Treasuries […]
In the age of the Internet, it is easier than ever for scammers to reach millions of consumers with fake offers designed to deprive consumers of private details, money, or sensitive information. Fortunately, the Brisbane Times provided these simple steps that everyone can take to reduce the risk of being scammed. Types of Scams Research […]
Credit ratings are all important for those planning to apply for a home loan or some other type of loan. One’s credit history can be a major factor in having a loan approved or rejected. Those with blemishes on their credit history can use the following tips from the Economic Times to improve their credit […]
Dun & Bradstreet, the consumer credit bureau, has waned that financial stress could rise as the Christmas holiday period approaches. It is usual for consumer debts to accumulate during the end-of-year holiday period. Dun & Bradstreet saw a 15% rise in debt referrals in January 2013, up from the last quarter. At the same time, […]
Recent reports suggest that the rise in fixed home loan rates may be a sign that the Reserve Bank’s (‘RBA’) series of rate cuts are coming to an end. The country’s largest home loan lenders have begun adjusting their fixed home loan rates in expectation of an end to the RBA’s rate cuts. In the […]
According to the Financial Ombudsman Service (‘FOS’), complaints and disputes between consumers and banks have fallen for the first time since the global financial crisis (‘GFC’). The number of recorded disputes declined by 11% to 32,307, a first since the 2008/09 GFC period. The FOS attributes the fall to low interest rates, new rules on […]
There are various types of loan products that are available for individuals today. However, the ones that are most sought after have remained the same in a while and their popularity still persists.
The government of Australia is considering a demand for imposing a 10% consumption tax on online purchase of goods, below $1000.