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Showing 131 - 140 of 1247 results for "Household"

Key Budget measure won't help economy: Academic

JAMIE WILLIAMSON  |  FRIDAY, 25 MAR 2022
A Macquarie Business School academic has said one-off payments like those expected in next week's Federal Budget won't do anything to address long-term structural issues in Australia's economy. A one-off payment to combat the rising cost of living is ...

Super should help secure home loans: Inquiry

JAMIE WILLIAMSON  |  FRIDAY, 18 MAR 2022
The inquiry into housing affordability and supply in Australia has recommended first home buyers be able to use their superannuation as collateral for a home. The House of Representatives Standing Committee on Tax and Revenue tabled its report following ...

Global alliance calls for BNPL regulations

CHLOE WALKER  |  THURSDAY, 17 MAR 2022
... experienced financial hardship because of buy now, pay later fees, including taking out an additional loan or foregoing household essentials. The research also shows that 30% of Australians have used a BNPL service in the last 12 months, and that 21% ...

Biden signs executive order on digital assets

JAMIE WILLIAMSON  |  THURSDAY, 10 MAR 2022
... amount of electricity used in a single Bitcoin transaction equivalent to 78.5 days of consumption in the average US household, according to the Cambridge Bitcoin Electricity Consumption Index. Meanwhile, recent insights from NFT Club suggest 1.37 trees ...

HESTA endorses super splitting initiative

CHLOE WALKER  |  WEDNESDAY, 23 FEB 2022
HESTA is recommending super funds adopt a new process to make the splitting of assets easier following the results of a successful pilot program. HESTA is the first Australian super fund to adopt the Simpler Super Splitting initiative, which uses a ...

Advisers optimistic about revenue growth

KARREN VERGARA  |  THURSDAY, 17 FEB 2022
... comfortable to do so," CFS chief distribution officer Bryce Quirk said. According to the Reserve Bank of Australia, household savings ratio sat at 19.8% at the start of October 2021, up from 9.8% at the beginning of January 2020. Given that Australians' ...

CBA posts strong result, dividend

ELIZABETH MCARTHUR  |  WEDNESDAY, 9 FEB 2022
... ratio normalised for long run loan loss rates. Now that the bank is out of wealth, its core businesses of home lending, household deposits, business lending and business deposits were all up on the previous 12 months. Home lending was up 8.5% adding ...

Australians plough record cash into managed funds

ELIZABETH MCARTHUR  |  MONDAY, 24 JAN 2022
... of capital into managed funds in 2021 is a direct consequence of both higher risk appetite and piles of ready cash on household balance sheets. They are not alone. Investors around the world have behaved in a similar way."

PIMCO lowers GDP growth rate

KARREN VERGARA  |  THURSDAY, 13 JAN 2022
Australia, together with other rich countries, can expect economic activity to slow down in 2022 as coronavirus outbreaks continue to put a spanner in the works. Fund manager PIMCO has downgraded its developed markets outlook for countries that also ...

IFM, Citi pour $300m into Household Capital

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
Home equity retirement funder Household Capital has secured $300 million in financing from IFM Investors and Citi. The securitisation debt facility will allow Household Capital to meet what it has identified as an increasing demand from retired Australian ...