News Archive for October 2023

October 2023

Market cap what is it and how does it work

Market Cap: What is it and how does it work?

If you’ve been involved in stocks for any amount of time, it’s likely that you’ve come across market caps. In fact, the market caps of some of the biggest companies on Wall Street are over 1 Trillion, with the largest market cap at over 2 Trillion (for contrast, Australia’s GDP is 1.553 trillion USD).

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Have you become a money zombie

Have you become a money zombie?

No matter where you live or what your age is, there is no escaping the rising cost of living.  It’s everywhere from your essential spends on things like rent and mortgage payments, utility bills, petrol and groceries through to small luxuries like the daily coffee and take-out dinners.

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A november rate hike for home loans could happen

A November rate hike for home loans could happen

Since the last Reserve Bank rate hike in July 2023, the interest rate hold has been looking more and more certain. The prevailing thought is that the current cash rate of 4.10% is high enough to work its magic, slowing inflation without plunging the economy into a recession.

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Beware the home loan vampire this halloween

Beware the home loan vampire this Halloween

As we sink our teeth into the spooky season, a spine-tingling cautionary tale about a creature most foul and cunning, confined to the shadowy corners of your finances until it’s time to strike.

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When is the best time to sell a house a new report has the answer

When is the best time to sell a house? A new report has the answer

To sell or not to sell… that is the question. Generally, when it comes to investing in anything, time in the market is advised over timing the market. However, due to the seasonality of the property market, knowing the best time to sell could mean a significant difference in total returns. So have we passed that date, or is it still on the horizon?

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Why your property is not selling and what to do

6 reasons your property isn’t selling – and what to do

So you’ve decided to sell your property. You’ve enlisted the help of an agent, set a price guide, put it on the market…and you’re still waiting. Maybe you’ve had a few interested nibbles, but no one’s buying what you’re selling. What’s going on? And what can you do about it?

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Reserve bank interest rates

Bullock holds firm with an RBA rate hold for October

Despite headline inflation experiencing a minor bounce back in the year to August, the Reserve Bank of Australia decided today that interest rates are still high enough to quash the problem. As a result, the RBA board – headed by new governor Michele Bullock – held the official cash rate steady at 4.10% for October 2023.

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October 2023 financial checklist

October 2023 Financial Checklist

Ghosts, goblins and ghouls can cause quite the fright. But the scariest creatures of all walk in broad daylight. Budget-sucking vampires and cost-of-living curses – beware. For matters around money aren’t always fair.

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