It was no surprise, but the RBA’s tenth successive interest rate rise this week will be another unwelcome shock to many Australian households. With inflation at 7.8% and wages only growing at 3.6%, the average Australian is already struggling with a higher cost of living but for those who also have mortgages it is even […] The post 800,000 homes are on the chopping block thanks to rate hikes – is yours one of them? appeared first on Really Simple Money ..read more

Nothing kills a housing boom like interest rate rises, and we’ve just had eight of them from the Reserve Bank this year.   It’s made a huge difference. According to research house CoreLogic, combined capital city property prices are around 6% off their 2021 peaks, and some are predicting prices could fall by another 10% […] The post Where house prices will go in 2023 appeared first on Really Simple Money ..read more

It seemed to make so much sense after the pandemic lockdowns, when businesses were baying for more workers and would pay huge multiples for fresh talent to fill growing vacancies. Now, however, two things have happened. Bosses are refusing to pay to meet new cost of living increases – and the switchers who left their […] The post Why workers who quit are miserable – and how bosses are turning down pay rises  appeared first on Really Simple Money ..read more

By the Editor in Chief When the prestigious Australian Financial Review runs a conference, the biggest names turn out.  And so it was that the Super and Wealth Summit in Sydney saw the good and the great from the advice industry explaining why…well…they can’t give you advice. It was tear-jerking stuff. Alexis George of AMP […] The post The finance bosses who claim they can’t help you beat the financial crisis..even though the government says they could appeared first on Really Simple Money ..read more

With house prices falling all around Australia, the big question facing prospective buyers is whether the balance of power has shifted away from vendors and now is the time to buy. Research house CoreLogic’s national Home Value Index (HVI) is showing six months of consistent declines, with values falling another 1.2% in October. Every capital […] The post Property – are we at the bottom? appeared first on Really Simple Money ..read more

Treasurer Jim Chalmers has taken a pasting for his Budget. Boring.  Not revolutionary. The critics have been piling it on. But actually, we think there is a lot of opportunity. Uncle Jim was pretty predictable. Here are the cold, hard statistics curtesy of PWC: And here’s the detail: power prices would rise 56 per cent […] The post Budget: What’s in it for you as Melbourne Cup day sees another rate rise appeared first on Really Simple Money ..read more

Join the 36% of Australians earning up to $3,500 extra each month with the gig economy. The post 6 best sites for side hustles to earn some extra dosh appeared first on Really Simple Money ..read more

After months of headlines about increasing costs of living, here is good new for anyone looking for a new job - but which roles offer the biggest return? The post Time to change roles? Seek reveals new data showing new job wages have increased 4.1% appeared first on Really Simple Money ..read more

Homeowners are already finding it tougher with an increase to the cost of living, with everyday items such as lettuce, fuel and other groceries increasing. A panel of experts, including Saul Eslake, expects inflation to reach almost 7 per cent to June, which is the highest since the 1990s. So what should the average Australian […] The post Where can you still make money today – we round up the experts’ views appeared first on The Really Simple Guide To Money ..read more

They say active management comes to the fore when markets are a mess. Unsurprisingly then, several active managers have recently forwarned investors to steer clear from “beta” products – like index-tracking ETFs, over the months ahead. While only time will tell if a passive or active approach outperforms in this tumultuous market, it may surprise […] The post Video: best and worst performing ETFs of the year appeared first on The Really Simple Guide To Money ..read more