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Money Matters

Money Matters

(Australia)

Best Blue Chip ASX Shares 2021 Australia For Investment


Blue chip companies refer to those companies that are financially stable and well off. Blue chip companies are well recognised and well established companies that sell widely accepted and popular goods and services. They are defined by their ability to do well particularly during crises and bounce back up.

Blue chip companies spend a lot of time building up their brand and product, this gives them stability even during crises. Typical examples of blue chip stocks include Pepsi and Coke, these companies have built up products that sell no matter what the economic condition is.

Blue chip stocks are usually included in the top indices of any country, for instance you can find blue chip stocks in the S&P500 and NASDAQ 100. Similarly ASX has also got blue chip stocks that the investors can identify by their characteristics.

Blue chip stocks are considered as low risk, safe stocks that investors can bank on. This is why most investors include blue chip stocks in their portfolio, in order to stabilise the portfolio. Most of the retirement funds invest in blue chip stocks for their low risk and stable returns.

Insurance Business Global 100 2021


Welcome to the second annual Insurance Business Global 100. Here, we shine a spotlight on outstanding industry professionals who are making a positive difference and helping drive change across the sector.

Now in its second year, this formidable list of the biggest names in insurance was put together by Insurance Business, leveraging its unique position as the industry’s true global publication reaching six different markets – the US, Canada, Australia, New Zealand, Asia-Pacific and the UK.

The Insurance Business team collectively deals with hundreds if not thousands of insurance industry professionals throughout the year for its print publications, daily newsletters, special reports and surveys, industry awards and events. It makes us well placed to tackle the intimidating task of whittling down the industry’s high achievers to just 100.

The Global 100 list features outstanding industry professionals from all of Insurance Business’s markets who are making waves in the industry, whether by driving growth and innovation within their own company, taking associations to new heights, advancing the industry forward through education, or championing issues that benefit the sector.

Australia says to set up financial planner watchdog by 2021


SYDNEY (Reuters) - Australia on Friday said it would establish a disciplinary system for financial planners by year-end, with a watchdog body to enforce it set up by 2021, as the government moves to adopt the recommendations of a sweeping financial sector inquiry.

After a year of quasi-judicial hearings, a retired judge in February gave a devastating critique of the financial sector, calling for 76 changes aimed at curbing what he called unchecked profiteering at the expense of customers.

The government, which ordered the inquiry, has vowed to act on all the recommendations. On Friday, it said it would pass a law by the end of the year to establish the code for financial planners and a policing body to enforce it by 2021.

"Restoring trust in Australia's financial system is part of our plan for a stronger economy," Treasurer Josh Frydenberg and Jane Hume, the assistant minister for financial services and technology, said in a joint statement.

Australia’s cheapest car loans of 2021


If like many of us, you don’t have the money upfront to pay for a car to get from A to B, right about now you’re probably looking at taking out a loan.

Now it would be totally understandable if ‘cheap’ is on the top of your car loan wish list. With a loan you’ll already be paying at least a little more than you would upfront, so you want to minimise that extra cost as much as possible.

To help you narrow down your options, we’ve come up with a list of Australia’s cheapest car loans in 2021. 

How did we pick these cheap car loans you ask? Well these particular products have just been awarded a 2021 Mozo Experts Choice Personal Loan Award in the categories:

  • Car Loan
  • Excellent Credit Car Loan
  • Used Car Loan
  • Excellent Credit Used Car Loan
  • Green Car Loan

Cheapest Car Loan winners

If you want to buy a shiny new car driven no further than to its spot in the sales lot, you might want to check out the winners of this award. That’s because this category is designed specifically to find the cheapest car loan for customers buying a new car.

Expert Judge Peter Marshall said, “For this award we took a scenario of a $30,000 loan, repaid over five years and worked out the overall cost. That includes both the principal and interest, plus any fees and charges that apply.”

“We then ranked the loans from lowest to highest cost and gave awards to what we deemed the cheapest car loans.” 

The winners were:

Australian Military Bank also scooped up a separate award for cheapest Excellent Credit Car Loan. That’s for customers with an excellent credit rating, looking to buy a new car.

Cheapest Used Car Loan winners

Next (pit) stop on our list of Australia’s cheapest car loans are loans for used cars. These products each bagged a Mozo Experts Choice Award for cheapest Used Car Loan. That is a loan that could be used to buy a car that is at least five years old.

Marshall said of these awards, “To pick the winners for this award, our research team compared the total cost of a $15,000 loan, repaid over five years. That includes the principal loan amount, interest payable over that time period and any fees and charges that come with it.”

Same as the new car loan, results were ranked from the most expensive to the cheapest. The winners were:

Again, Australian Military Bank’s Car Loan was the sole recipient of the cheapest Excellent Credit Used Car Loan. This loan is designed for customers with an excellent credit rating, looking for a used car loan.

Experts Predict What The Housing Market Will Be Like In 2021


The housing market has been on fire this year with record-low mortgage rates and a sudden wave of relocations made possible by remote work. Meanwhile, home prices have pushed new boundaries as buyer demand continues to surge. As we near the end of 2020, here’s a look at the expectations of real estate experts for 2021.

Bendigo Bank Low Rate Credit Card


The Bendigo Bank Low Rate Credit Card offers a $150 Woolworths Supermarket Gift Card when you spend $1,000 on eligible purchases within 90 days of opening your account. 0% on purchases for 15 months from account opening. Reverts to 11.99% p.a. Annual fee of $45 and no fees for additional cardholders. Eligible with Google Pay, Apple Pay, Samsung Pay, Fitbit Pay and Garmin Pay.

How to invest in Australia with an investor visa and a plan


How to invest in Australia with an investor visa and a plan

2 months ago

Anshul Singhal

australia investor visa

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When it comes to overseas investments, Australia is a destination to consider. The entrepreneur visa Australia is a ticket to increasing your earnings on investments.    

Australia issues the Business Innovation & Investment (Provincial) visa (Subclass 188). The visa lets you own and manage a business in Australia. You can conduct business and investment activity in Australia with this visa. You may even indulge in entrepreneurship.   

Read This Before You Buy Insurance Australia Group Limited (ASX:IAG) Because Of Its P/E Ratio


This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll apply a basic P/E ratio analysis to Insurance Australia Group Limited's (ASX:IAG), to help you decide if the stock is worth further research. What is Insurance Australia Group's P/E ratio? Well, based on the last twelve months it is 17.67. That corresponds to an earnings yield of approximately 5.7%.

Financial Planning in Australia: Advice and Wealth Management, 9th edition and Australian Corporations Legislation 2020 - Student Edition (Bundle)


Financial Planning in Australia: Advice and Wealth Management, 9th edition

A comprehensive guide to providing financial understanding and advice

Australian Corporations Legislation 2020 Student Edition provides a comprehensive collection of key corporations legislation.

HOW TO PICK A PROVIDER FOR A CAR LOAN IN AUSTRALIA- IMPORTANT TIPS.


Owning a car is considered a luxury for a person who is earning a fixed amount of income every month and the best way of buying a car is with the help of a car loan. But for this, you will need to find out how to pick a provider for a car loan in Australia so that you will get the best provider for your requirements. It will help in making your life comfortable as you can drive your car to go for work rather than traveling in crowded public transport. With a car loan, you can easily buy a car so that you will not have to spend a large amount of money at one time. For this, you will have to repay the loan on monthly installments so that you can pay the loan within a short span of time.

 

When you are looking for a reliable and reputable provider for a car loan, the most important thing that you will need to consider is the rate of interest. It is important that you select someone who charges a less amount of interest so that you will not have to spend a huge amount of money on repaying the loan. You also need to consider the loan repayment schedule for making sure that it is convenient for you to pay back the loan without any hassles. When you are taking a car loan for financing a vehicle purchase, you need to make sure to read car loan information for Australians that you have selected a reputable provider for your needs. You should compare the rates of different loan providers for making sure that you have selected the most affordable option for your needs. You should also check the eligibility for getting the loan from a particular provider so that your requirements will be fulfilled.

 

AUSTRALIA HOUSING MARKET REVIVAL TO CONTINUE INTO 2020 - REUTERS POLL


Australia's housing market revival will carry on into 2020 thanks to a series of interest rate cuts from the Reserve Bank of Australia this year and another expected next year, according to a Reuters poll of property market analysts.

Respondents were, however, sceptical about how long the rebound would last, with most saying it would only be a year before the rate of house price inflation cooled off again.

The latest Reuters poll of 13 property analysts taken Nov. 6-20 showed average home prices would rise 5.0% nationally next year, nearly double the rate predicted just three months ago, and then slowing to 4.5% in 2021.

Six of 10 analysts who answered an additional question said further interest rate cuts to the record-low 0.75?nchmark cash rate after three RBA cuts already this year would stimulate Australia's housing market activity and prices significantly.

"Oh, how the story has changed. Six months ago, the key debate among many Australian housing market observers was how much further prices could fall," noted Paul Bloxham, chief economist at HSBC in Sydney.

"We expect housing prices to continue to rise in 2020, underpinned by mortgage rates, which are likely to stay low for a considerable period of time."

The RBA is expected to ease once more in 2020 in its bid to boost a slowing economy that has marked nearly three decades of uninterrupted expansion.

All but one respondent in the latest Reuters poll said that Australia's housing market activity is more likely to rebound over the coming 12 months than decline again.

"Households have responded strongly to regulatory easing and rate cuts. Strong pricing growth, particularly in Sydney and Melbourne, is likely over the next year," noted Adelaide Timbrell, an economist at ANZ.

A regional breakdown of the poll data showed Sydney and Melbourne, Australia's two most populous cities which contribute about 43% to the country's gross domestic product, would lead property price growth in 2020.

House prices in Sydney and Melbourne were forecast to rise by 7.7% and 7.4% in 2020, respectively. In Brisbane and Adelaide, they were expected to rise 2-3% next year and in 2021.

But analysts were sceptical about how long the sudden revival in Australia's property market would last, particularly given that the broader economy is still not showing many signs of improvement.

Australia's wage price index rose 0.5% in the third quarter and consumer sentiment held below average in November, suggesting that recent monetary policy stimulus has failed to spur household demand.

In a Reuters poll taken last month, economists forecast the Australia economic growth to slow to 1.9% this year, the weakest rate since the 1990-1991 recession, followed by 2.5% in 2020 and 2021.

"A strong rebound in household consumption will remain elusive given that the outlook is for income growth to remain subdued in the coming quarters," noted Katrina Ell, an economist at Moody's Analytics.

China, Australia's largest offshore property investor, has imposed strict capital controls amid the ongoing trade conflict with the United States. Analysts said that could affect the sustainability of the recent house price recovery.

"Low foreign demand for housing and a weaker economic environment should limit home price growth. Our view is of national home price growth of around 5?ter this initial bounce has run its course," said Diana Mousina, senior economist at AMP Capital in Sydney.

On an affordability scale of 1 to 10, where 1 is extremely cheap and 10 is extremely expensive, Australia house prices were rated 7 by respondents in the Reuters poll.

Virgin Australia Velocity Flyer Card


Go places faster with our award-winning30 Virgin Australia Velocity Flyer credit card.

  • Points Offer - Earn up to 70,000 bonus Velocity Points16. Receive 20,000 Points for each month you spend $1,500 or more on Eligible Transactions in the first 3 months from card approval (capped at 60,000 Points) and 10,000 Points after your first anniversary.
  • Balance Transfer Offer – 0% p.a. for 22 months on balance transfers1 (reverts to cash advance rate) with a 1.5?lance transfer fee. No interest free days apply while you have a balance transfer. 
  • Purchase Offer – 0% p.a. for up to 14 months on purchases2 and 0% for up to 6 months on balance transfer1. No interest free days apply when you have a balance transfer.

UHomeLoan - Discount Offer for Owner Occupied Variable P&I Rate


Receive $1,000 when you refinance your home loan. 3.69%p.a. variable rate / 3.69% p.a. comparison rate. Available borrow up to AU$200,000 - $700,000. Repayments at $2,069/month. Kick off your application in as little as 4 minutes. No ongoing fees, A one-off $395 rate lock fee applies to fixed rate loans.

Harmoney Unsecured Personal Loan


Excellent Credit, 5 Year Term, Features a low rate and benefit from no hidden fees or early repayment penalties, No early exit penalty. Advertised Rate from 6.99% and Comparison Rate at 7.69%. Monthly repayment as low as AU$594

ANZ Frequent Flyer Black credit card


75,000 Qantas Points When you spend $2,500 on eligible purchases in the first 3 months. $0 Annual Fee For the first year. Complimentary Qantas Frequent Flyer membership - Save $89.50 if you're not already a Qantas Frequent Flyer member.