By Harry Pontikis Manager, MBA Financial Services With so much debate about an Australian property bubble and its likelihood of bursting, I offer some some easy-to-spot warning signs any person can detect. 1. Rising unemployment When the unemployment rate begins to increase significantly, this is the biggest alarm for the property market. During a recession […]

Since the establishment of APRA’s limit to banks for their interest-only lending, they have been significantly hiking their interest rates to both new and existing clients in a bid to ‘motivate’ them to move to principal and interest repayments. Out-of-cycle rate hikes have become the new norm for interest-only and investor loans, with some banks […]

On 6 June 2017 the Fair Work Commission (FWC) awarded a 3.3 per cent increase to all modern Award wages, with wage-related allowances increasing proportionately. In addition, a number of Award expense-related allowances will also increase. The increases take effect from the first full pay period to commence on or after 1 July 2017. Updated […]

Read the full text of the Victorian Building and Construction Industry Outlook, March 2017 Quarterly Update here. The first quarter of 2017 saw the Victorian economy continue to strengthen, while the national economy expanded only slightly. The population in Victoria reached its highest ever recorded annual growth, with over 127,500 people added to the population […]

Vehicle manufacturing giant Toyota, a company famous for the quality of its workforce, training and lean manufacturing methods, is ceasing production in Australia. This represents a significant opportunity for organisations hiring at this time; over 2700 of Australia’s most highly trained and capable employees will become available at the beginning of October. Toyota employees with […]