AusFinance

In short:

Parents and grandparents who bought their first home with ease are hoping the slide in affordability can be reversed for the sake of the younger generation

The period when… Australia’s productivity was great and reform was happening was not when government and business were working together, but when government and labour [the workers] were working together.

My current bank isn’t super useful with internet banking, and with branches being as rare as hen’s teeth, accessing service is too much of a hassle. So thinking to shift. Interested to know what you all think about these banks I’m thinking about shifting to.

Every finance “success story” you see online survived. The 1000 people who did the exact same thing and lost everything? Silent. You’re not learning from data, you’re learning from luck wearing a suit.

Many Australian borrowers are spending more than half of their take-home pay on home loan repayments, new research shows, with borrowers devoting an average of 38 per cent of their after-tax income to their mortgage each month.

Raising compulsory super could do the same job as raising interest rates — but the money is yours. So why aren’t we talking about it?

Youtube: https://www.youtube.com/watch?v=Y9LOOvJ7hKw

paywalled version

Not strictly Ausfinance but don’t know where else to put this

if people are no longer buying multiple investment properties that should mean more property available to buy for non-investors

non archived version here (i use FF and the ByPass Paywalls extension)

See if you’re among the millions of Australians who’ll probably be better off hanging onto your work receipts for tax time next year.

Defenders of the Howard-era discount say ‘if you tax something more, you’ll get less of it’. But less investors in the housing market is a good thing

We often see finfluencers promising fast or easy money, often associated with the allure of a lavish lifestyle," Mr Kirkland said.

The Federal Court has knocked back a claim from an ABC radio presenter who entered $6000 in home rent as an expense.

Australia's entire economy is built on housing, and operates on a "myth" that we can keep generating wealth by constantly inflating housing prices, argues the head of Australia's largest super fund.

paywalled link

My commentary:

One of the country’s leading tax experts says the explosion in housing wealth has put Australia on the path towards a neo-feudal society where your prosperity depends in large part whether your parents own land or property.

Mr Stevenson believed there was no financial incentive for the rich and powerful to engage in taxation reform to reduce inequality.

They have decided to sell their newly finished home and pivot to the tiny house movement due to “cost of living and lack of freedom”.

All middle power and developing nations should be in favour of this. Even the g Gulf States would benefit from not being under the economic yoke of USD hegemony.

One drawback is that for about half the basket, we only have 18 months of data.

Archive/non-paywall link.

I can't believe it 🤯 I'm running out of things to complain about

Australians are increasingly taking out home loans later in life as higher property prices delay first-home buyers getting into the market — with some analysts warning it could lead to post-retirement mortgage pain.

Avantis Investors, a subsidiary of American Century Investments, has launched the Avantis Small Cap Value Active ETF (AVTS), Avantis Global Equity Active ETF (AVTG), and Avantis Emerging Markets Equity Active ETF (AVTE) in the Australian market.

tldr: America sucks

cross-posted from: https://lemmy.world/post/36846875

Graham Cooke, the head of consumer research at Finder, says that means most mortgage borrowers with variable loans should already be on an interest rate of 5.5 per cent or less.

In a market where milliseconds matter, even a minor error can have major consequences. But this latest mistake shows the ASX faces a credibility crisis.

Macquarie said the 4.5 per cent annual interest rate for up to $2 million would be paid without any conditions.

"The rise in international student numbers is likely to have accounted for only a small share of the rise in rents since the onset of the pandemic, with much of the rise in advertised rents occurring before borders were reopened."

Summary of changes:

An Australian has made a heartfelt plea for fighting to end in the Middle East, saying a global war could wreak havoc on innocent financial investments and superannuation accounts.

In short:

One of the most innovative new funds was released in 2024 – GHHF.

[...] the number of businesses in Australia listed on the stock exchange is declining. This has been described as the worst public offering drought “since the global financial crisis”.

In short:

ASX plunges more than 6 per cent at open