News

Australian Attitudes Towards Spending Over Christmas Have Changed

Post by Sharat on December 21, 2017 · Under News · Comments Off on Australian Attitudes Towards Spending Over Christmas Have Changed 

Christmas is supposed to be the season of giving, but according to the results of a recent survey conducted by ME Bank, most Australians are not actually that enamoured with the idea of purchasing presents for others and seek to manipulate the gift giving process. The survey found that approximately half of all Australians have no problem with obtaining a refund for a gift they have received only to purchase the same item back again when it is on sale and pocket the profit! Continue reading

Australian Central Bank Likely To Raise Interest Rates In The New Year

Post by Sharat on November 21, 2017 · Under News · Comments Off on Australian Central Bank Likely To Raise Interest Rates In The New Year 

Recently the Bank of England chose to raise interest rates for the first time in a decade and experts believe that Australia could respond with its own hike in interest rates. This is because one of the things the Australian central bank looks at when deciding upon interest rates, is the rates that exist in similar countries such as the UK and US. This is because the interest rates of those countries impact just how much money flows into Australia. Continue reading

Taskforce Recommends Banning High Value Cash Transactions To Combat Australia’s Black Economy

Post by Sharat on October 28, 2017 · Under News · Comments Off on Taskforce Recommends Banning High Value Cash Transactions To Combat Australia’s Black Economy 

The interim report by the Black Economy Taskforce which has been established to fight back against black economy activities such as tax avoidance has suggested that consumers who pay in cash but fail to obtain receipts be levied with penalties. The report makes a number of recommendations and argues that in the past, the law has focused on companies instead of customers, however when a customer agrees to pay in cash in order to avoid tax, they become part of the problem. Continue reading

Australians Love Spending Money On Having Fun

Post by Sharat on October 7, 2017 · Under News · Comments Off on Australians Love Spending Money On Having Fun 

The latest NAB Customer Spending Behaviour report suggests that overall customer spending in Australia rose by a healthy 3.9 per cent during the second quarter of 2017. According to the report, average monthly spending was $2,064 in urban areas and $1,918 in regional areas. The report says that Australians seem to be mainly concerned with spending their money on having some fun. Arts and recreation spending grew by a whopping 35.5 per cent whilst spending on food and accommodation grew by 10.5%. Continue reading

Rising House Prices Make The Great Australian Dream Unaffordable

Post by Sharat on August 28, 2017 · Under News · Comments Off on Rising House Prices Make The Great Australian Dream Unaffordable 

For many people, the Great Australian Dream of home ownership is the reason they get out of bed in the morning or so we thought. According to the results of a recent survey by ServiceSeeking, for 1 in 3 Australians, home ownership is no longer the priority and one quarter of respondents believed that they would never be able to own a home. Continue reading