AusFinance

Having responded to stronger-than-expected quarterly inflation figures by lifting the cash rate to 4.35 per cent in November, the RBA has used softer-than-expected monthly inflation data as an excuse to sit tight in December.

But RBA governor Michele Bullock noted that those October inflation figures covered mainly goods and few services, which are currently the main area of concern for the central bank, leaving it waiting for additional data.

"The limited information received on the domestic economy since the November meeting has been broadly in line with expectations," Ms Bullock observed in her post-meeting statement.

With no meeting scheduled for January, borrowers should be safe from further rate rises until at least February.

(title changed from "Australians have endured the largest decline in spending power for four decades, so the RBA has decided to give them a break")

I haven't seen much discussion about this, but noticed them when perusing some PDS's. The headliner is that they both have fees of 0.15%, lower than everyone else's equivalent offerings in the Australian market:

Global listed infrastructure:

Global listed property:

* Total estimated fees, as taken from most recent PDS for each product at time of posting. Includes management fees (including indirect costs if broken down separately), plus transaction costs.

VanEck already recently reduced the fees on their two offerings a lot, but now BlackRock is half of that again.

Since it's listed (not unlisted) infra / property there's less diversification benefit, but hey it's being offered for cheap now.

Almost half of Australia’s mortgage holders would be in financial stress if the expected Melbourne Cup interest rate rise goes ahead, paying at least 30% of their income to service their loans.

Households diverting at least 30% of their disposable income to service a mortgage – a standard stress gauge – will account for 48.5% of total borrowers, according to the Australian National University’s Australian tax and welfare system model.

The proportion rose from 26.7% in pre-Covid 2019 to 43.8% at the end of last year, and easily topped the 38.5% share of households in 1993, to be at record levels.

Mr Purcell admits he initially bought his battery as a form of insurance against the volatility inherent in the spot market.

However, his thinking quickly changed when he saw the opportunities on offer, describing one instance in which he was able to fill up his 10-kilowatt-hour battery with electricity costing 1 cent per unit.

"That's the opportunity and the risk on the very low prices," he said.

"It cost me 10 cents to fill the battery during the middle of the day.

"And then at night-time the price went up over $10 a kilowatt hour, so I was able to export that same 10 kilowatts out of that battery for $100."

Surprise! Fuckwit Who Thinks You Don’t Work Hard Enough Got His Start Through an Inheritance

The decision from Australia's central bank will be welcome news for borrowers, but some economists think there's a chance of another rate rise this year.

New article from Passive Investing Australia. Always quality content!

"The Commonwealth Bank has reported a record $10.16 billion profit and will lift its dividend even as it sees increased risks from cost of living rises and high interest rates."

Planning to buy a house but not sure where to start. Any help is really appreciated.

Should it be done at all? Or how long should one wait for before getting credit card when having a existing mortgage?

FYI:

• we are here in NSW
• getting credit card only to take advantage of the points and convenience in some case, not a necessity

Watch out for scams, folks

This flowchart had been shared before, mostly on reddit and likely on lemmy too.

I believe it is good to keep passing this knowledge forward.

As for discussion, are there any changes needed for this flowchart? since it was created a while ago

Do you happen to know banks that meet these criteria?

• Telephone banking (of some fashion) provided
• TOTP for 2FA is a) available and b) its use is not contingent on the use of an app; 2FA seeds are freely exportable by the user via web login

Archive

If independent consulting isn’t a good model, what are some other good alternatives?

Should we have a government agency monitors such contract and hold them accountable? So, pretty much a specialised ICAC constantly going through all gov-private contract to see if they are legitimate and determine if tax money is being ripped off?