For the three bedroom house set on a 1,089 square metre block, he paid the bargain price of $205,000. He has just saved himself $800,000. How?
This property ‘black market’ is a very dangerous scheme. Mainly, because it is rigged. And the odds are definitely not in the buyer’s favour.
Instead of fearing the next financial crisis, we could see it as an opportunity to rekindle our collective sanity, by resetting a sickly financial system
According to ASIC, the big four have already paid out $200 million in compensations to customers and investors since starting client remediation programs.
Beef is the top fourth export for Australia. The beef industry in Queensland has a problem: they are suffering from a debt crisis.
A combination of cheap debt, strong employment and a high demand from Asia has inflated property prices the last few years.
According to the study The Wealth of a Nation by the Evatt Foundation, inequality in Australia has continued to increase since 2012. It is now at the highest since 1970. The richest 20% of Australians now own 62% of Australia’s total household wealth.
Being a banker nowadays is more like being a used car salesman. Tellers make incentives by recommending debt products, and the incentives complement their pay.
The Australian economy has grown 3.3%. The housing market prices keep on rising. Job data is strong, and unemployment is at a low 5.6%. So everything is going great, right?
It’s a proposal designed to bridge the gap between labour shortages and government spending. But in practical terms, it leaves a lot to be desired.
Now those parents are passing away. Their heirs are receiving assets that are sometimes guaranteeing an amount of debt greater than the house’s value.
Italy is not doing well economically. It has been affected by a nationwide banking crisis and Europe’s refugee crisis. Its debt to GDP has climbed to a whopping 131.8%
In Australia, over half of the transactions are now cashless. And research from Westpac reveals that Australians believe the country will become a cashless society by 2022.
The goal is that you will retire with your mortgage paid off, right? And you can leave the property to your family as an inheritance, debt free.
In Australia, unlike Europe and the USA, the belief in property hasn’t been shaken…yet. People feel rushed to buy now, before prices rise and they are priced out.