Rates Reach Historic Lows

November 12th, 2020
Australia’s official cash rate has dropped to a record low of 0.10%, marking the lowest interest rate in the nation’s history. Challenging times call for unprecedented measures, with the Reserve Bank of Australia (RBA) making the tough decision to slash rates in an effort to stimulate the economy out of recession. The latest interest rate cut from early November – the third cut this year – marks the latest step in a steep decline from the 0.75% rate recorded in January 2020. While the nation’s largest banks have not moved their variable rates, fixed rates have been dropped in many leading mortgage products. As the latest interest rate was announced, RBA Governor Philip Lowe said the reasoning behind the reduction was to provide credit to more Australians: “At its meeting today, the Board decided on a package of further measures to support job creation and the recovery of the Australian economy from the pandemic… With Australia facing a period of high unemployment, the Reserve Bank is committed to doing what it can to support the creation of jobs.” With rates cut on Melbourne Cup day for the first time since 2011, the RBA is serious about making a difference. While…

The Health Benefits of Positive Thinking

November 9th, 2020

Positive thinking is often linked with good health outcomes, with an optimistic outlook known to improve stress management, enhance mental health, limit memory decline, and even reduce heart disease. While thinking of unicorns and rainbows probably won’t cure all your ills, there is definitive scientific evidence highlighting the power of positive thought. While the exact mechanisms behind this phenomenon remain […]

Hot East Coast Suburbs

November 5th, 2020

The east coast of Australia is the nation’s true heartland, with the combined population of Queensland, New South Wales, Australian Capital Territory, Victoria, and Tasmania representing 81% of Australia’s population. Large property markets exist in all state capitals, with Sydney, Melbourne, and Brisbane accounting for the vast majority of market share. Prices across most cities have remained strong despite the […]

Water Found on the Moon

November 2nd, 2020

After years of searching, NASA has found evidence of liquid water on the Moon. Two separate studies have been published in recent days, with water found deep in polar craters and predicted in polar “cold traps”. While scientists have long suspected there to be water on the Moon, it is now almost certain and possibly much more widespread than previously […]

Which City has the Cheapest Homes

October 19th, 2020

Australian property prices continue to fluctuate in response to global economic challenges and local pandemic conditions. Capital city and regional prices have been revealed for September, with Melbourne housing values largely subdued and other states performing better than expected. There is a sharp discrepancy between relative value and growth in some locations, as different Australian cities wake from their slumber […]

What Low Migration Means for the Economy

October 16th, 2020

Australia has always been a land of migration – a place where people come to dream big and work hard for a brighter future. The COVID-19 pandemic continues to rewrite the Australian story, however, with international borders mostly closed and migration-based economic growth severely disrupted both now and into the future. Australia’s economic prosperity can no longer rely on population […]

Medical Apps on the Rise

October 14th, 2020

COVID-19 has changed everything in 2020, with social distancing, isolation, and lockdowns the new normal for millions of people around the world. Placed front-and-centre in this global crisis, the healthcare sector continues to evolve to meet the numerous challenges posed by the pandemic. Remote medical apps and self-monitoring services represent a new and exciting development, as COVID and healthcare patients […]

Returning to the Moon

October 12th, 2020

Man first went to the moon in 1969, and the Apollo lunar flights ended way back in 1972. Over the last 48 years, there has been little interest in going back to the moon, with money and politics mostly responsible for the lack of ambition. All that is about to change, however, with the NASA Artemis Plan focused on putting […]

The Next Generation of Household Gaming

October 6th, 2020

The next generation of household gaming is almost here, with both Microsoft and Sony set to drop their new consoles after a very long wait. The Xbox Series X and PlayStation 5 are set to launch by the end of the year, as keen gamers do their research and save their funds in anticipation. There’s a lot of things to […]

The Global Vaccine Race

September 14th, 2020

The global search for a COVID-19 vaccine is well underway, with research taking place across the world and at least six advanced clinical trials likely by the end of the year. The first human trials began way back in May and the promising Oxford vaccine has already proved an immune response in trial participants. Research and deals into potential vaccine […]

House Price Growth Exceeds Wages

September 11th, 2020

The Australian economy continues to feel the effects of COVID-19, with the virus and virus response likely to affect every aspect of the economy for years to come. While far from immune, the housing market has been fairly strong in the face of very significant challenges. According to recent data, house prices have outperformed wages over the past financial year […]