Where a mortgage in Australia costs less than the median rent
Owning and buying a property could now be more affordable than the median price of rent in a number of Australian suburbs, after the national median surpassed $600 a week. New Compare the Market analysis shows mortgage repayments on a $400,000 loan, at an interest rate of 5.99%, could be as low as $552. While […]
Energy regulator confirms electricity prices from 1 July – here are the winners and losers
Australians are being warned that their electricity prices will change from 1 July, with the Australian Energy Regulator (AER) and Victorian Essential Services Commission (ESC) confirming what the electricity market benchmark will be for the 2024-25 financial year for those in Victoria, South Australia, South East Queensland and New South Wales. But, no matter if […]
The home loan feature that could save you thousands in interest
It’s the savings hack that could save you tens of thousands of dollars – and help you shave years off your loan – but still thousands of Australians don’t know how to use an offset account. Compare the Market Economic Director, David Koch, said that while interest rates remained high, offset accounts could help mortgage […]
The home loan feature that could save you thousands in interest
It’s the savings hack that could save you tens of thousands of dollars – and help you shave years off your loan – but still thousands of Australians don’t know how to use an offset account. Compare the Market Economic Director, David Koch, said that while interest rates remained high, offset accounts could help mortgage […]
Kochie’s Money Digest: Essential steps to ease into retirement + Money causing relationship issues
Inside the Reserve Bank board meeting The minutes from the May RBA board meeting were released this week. They pretty much reflected Governor Michele Bullock’s latest press conference, outlining the decision to keep interest rates on hold as expected. The key difference between the March and May board meetings is that the board considered raising […]
Bank of Grandma and Grandad keeping young families afloat
Baby boomers are often blamed for today’s inflated house prices but they’re the unsung heroes of today’s cost-of-living crisis – helping their offspring carry the cost of childcare, clothes and essentials, according to new Compare the Market research. Almost three-quarters of Australian grandparents surveyed said they had been supporting their family financially with 31% gifting money and providing childcare […]
Being A Good Accounting Worker
For two years now, PwC UK chairman Kevin Ellis has been trying to get people back into the office. In 2021, he said he wanted to “create a buzz around returning to the office,” luring his people back with the promise of human contact we were all starved for in 2020. Launched a year after […]
Here’s How You Can Budget Your Small Business!
We are still working on a more detailed post-mortem of the Project Everest collapse and our guesses for what comes next but in the meantime, check out what The Guardian ran this morning. EY has reportedly told UK staff to brace for a wave of cuts, after the business spent $600m (£480m) globally preparing for […]
Steps For Initiating Your Startup Business
Presumably because the many apologies and decisions made before this letter have not sufficiently gotten the heat off their backs (and boy is it hot), PwC Australia published an open letter apology on their website Monday. The entire text, including the formatting, appears in below. At issue, if you make your residence under a rock, […]
3 Good Reasons To Switch To Cloud Accounting
