Mercedes


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CBA unit BankWest set to axe negative gearing tax breaks

13 February 2017 | AFR

Bankwest is set to rock the $1 trillion mortgage market and more than 1.5 million property investors by axing negative gearing benefits that drive lucrative residential property investment, particularly in Melbourne and Sydney.


Financial stress: We're worrying ourselves sick over money

12 February 2017 | ABC

FinancialStress

It was a break-up with her partner four years ago that plunged Shari Rainbow into sudden financial dire straits.

"Within a month, I went from owning my own home and having a pretty successful small business to losing the lot and being left in debt," says Ms Rainbow, who lives on the Gold Coast with her three children.


Reuniting owners with $2.7b lost funds

12 February 2017 | ABC

Superannuation

A peak superannuation body is calling on the Federal Government to take more responsibility in helping reunite Australians with billions of dollars in unclaimed super.

The Association of Superannuation Funds of Australia (ASFA) estimates the Australian Taxation Office (ATO) is currently holding an estimated $2.7 billion from more than 4 million unclaimed super accounts.

 


Melbourne renting: Rent at record highs, rising faster than incomes and vacant

12 February 2017 | The Age

With a record number of new homes approved, Melburnians might think renting is getting easier.

But here is what the city’s rental picture actually looks like: rents are at record highs and rising faster than incomes, the number of vacant properties is shrinking and properties defined as “affordable” to those on low incomes are disappearing.

 


If you want to be a millionaire, it's better to be a software engineer than a pro athlete

12 February 2017 | Business Insider

In 2016, Cleveland Basketball great LeBron James made over $US77 million between his pay ($US23 million) and endorsements, Forbes reports. New York Giants quarterback Eli Manning made $US45 million, and LA Dodgers pitcher Clayton Kershaw made $US32 million.

There’s no question being an elite pro athlete pays very, very well.

 


Buyers snap up properties in Sydney and Melbourne weekend auctions

12 February 2017 | AFR

A mildly elevated level of stock in Sydney and Melbourne was not enough to satisfy cashed-up buyers, as the usually quiet months of January and February kicked off with strong clearance rates.

The clearance rate in Sydney hit 84.8 per cent while Melbourne's rate reached 75.4 per cent, according to Corelogic's preliminary tally. Domain's numbers were similar at 84 per cent for Sydney and 79 per cent for Melbourne.


NAB launches campaign to poach disaffected Commonwealth Bank property borrowers

11 February 2017 | AFR

NAB

National Australia Bank has implicitly accused Commonwealth Bank of Australia and BankWest of losing their lending appetite and launched a campaign to poach property borrowers disaffected by their indefinite suspension of some lending.


Wall Street hits all-time highs on Trump optimism

11 February 2017 | AFR

WallStreetTrump Wall Street's main stock indexes rose to fresh all-time closing highs on Friday as a spike in oil prices supported energy shares and investors renewed their optimism about President Donald Trump's economic agenda.


IMF warns on house prices and negative gearing

11 February 2017 | AFR

Negative Gearing

The International Monetary Fund has urged Australia's regulators to double down on their efforts to ensure the nation's banks are resilient enough to "withstand a significant housing market correction" while raising concerns that negative gearing is pushing property prices to extremes.



Franchise: be your own boss but know the terms

11 February 2017 | AFR

Franchising is making a big comeback for Australians seeking new careers, returning to the workforce or simply discovering a chance to do something different in jobs ranging from making cheese cakes to managing construction sites.


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