For one Australian business, staying true to basic principles has led to plenty of long-term partnerships.
“The slide in home lending activity in September 2018 has taken the number of loans to owner-occupiers down to the lowest level that we’ve seen since 2013,” said HIA Acting Principal Economist, Geordan Murray.
“The trend of a cooling housing market, which has been evident throughout 2018, continued in the three months to September 2018 with approvals now 6.6 per cent lower than the preceding quarter,” stated Tim Reardon, HIA’s Principal Economist.
The 2.7% cap on council rates for 2019-20 reflects some of the rising costs faced by councils – but it’s still just a political sleight of hand, Local Government NSW (LGNSW) said.
ANZ announced it will increase variable interest home loan rates in Australia following the sustained rise in wholesale funding costs as well as consideration of business performance and market conditions.
A review by ASIC has found that reverse mortgages are allowing older Australians to achieve their immediate financial goals – improving their lifestyles in retirement – but longer-term challenges exist.
Australians earned a median personal income of $47,692 in 2015-16, an increase of 1.8 per cent from the previous year, according to figures released by the Australian Bureau of Statistics (ABS).
Holden announced it will introduce GM Financial, General Motors’ global captive finance company, into the Australian market in early 2019. The move will allow Holden to offer customers more flexible finance options including access to exclusive, competitively priced finance products and services like Guaranteed Future Value (GFV) financing.
Small businesses across Australia that are not up-to-date with their superannuation obligations for current and past employees could be given the opportunity to get their affairs in order through a 12 month amnesty.
The hardware sector has condemned the Fair Work Commission’s decision to increase the minimum wage by a drastic 3.5 per cent.