Worries about the US trade wars and global growth are continuing to cause volatility in investment markets. While the risks have increased, we remain of the view that recession is unlikely. Share markets may still fall further on trade war fears and this may even be necessary to remind both sides of the need for a deal. However, we regard the fall in share markets .....
Housing is the most important asset owned by the majority of Australian households, according to the Reserve Bank of Australia (RBA). A house not only serves as a place to live, but as a long-term investment, a measure of household wealth and a source of consumer spending. Therefore, a change in house prices can have a knock-on effect on a number of variables, such as wealth perception, consumer spending, interest rates and the overall health of the economy. Existing and potential homeowners and investors alike are keeping a close eye on the current downturn in house prices.
Customers warned of emails offering gift cards A warning has been issued over a fake Woolworths email claiming to hold a customer survey.
With tap and go payments becoming ever more popular and the advent of instant transfers between domestic bank accounts, how much longer will we be using cash as a form of payment? Unfortunately, the convenience of tap and go payments may end up having a negative impact on our ability to keep our spending within reasonable limits.
Half of credit cards users advised that they will be unable to repay the full balance within the interest-free term and over 400,000 of those said they will need longer than a year to repay their Christmas fun spending. Are you struggling to figure out how to repay your credit card debt? There are couple of options:
Alexa, manage my money! Amazon is already a one-stop shop for clothes, cloud computing, TV shows and even medicine. Will wealth management be next? In the future, Amazon could sell its customers a super-powered robo-adviser or access to cheap funds