With interest rates rising, it’s important to make sure your mortgage rate is still competitive – which is why so many Australians are refinancing right now. However, refinancing can be more challenging when property prices are falling, as they are in many parts of the country. That’s because your equity (or the debt-free share of … Read more
It’s been a tough few weeks for the banking industry, with US lenders Silicon Valley Bank and Signature Bank collapsing and Swiss giant Credit Suisse forced to accept a takeover offer. As a result, you might be wondering what is the likelihood of an Australian bank collapsing? And what would happen if a bank did … Read more
After rising steadily for more than two years, the average time that Australians have to wait to receive a new car has been trending down for six months. The average waiting time rose from 34 days in June 2020 to 159 days in August 2022 and then fell to 131 days in February 2023, according … Read more
With vacancy rates low and rents growing strongly, the market is crying out for more property investors, to increase rental supply and put downward pressure on demand. But are investors getting out of, rather than into, the market? There are mixed signals, according to Ray White Chief Economist Nerida Conisbee. On the one hand, Ms … Read more
