US overtakes Australia to build biggest homes

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CommSec Home Size Trends Report Australia had been building the biggest homes in the world. But based on data commissioned by CommSec from the Australian Bureau of Statistics, Australia has been overtaken by the US. The average floor area of a new detached house built in Australia in 2015/16 was 231 square metres, down from […]

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New rules about identifying clients involved in property transactions

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From 1 May 2016 a new set of rules came into place in various States about client identification for the purposes of registration of property dealings. The transitional period ended on 1 August. These new requirements add a whole new layer of inconvenience and cost so clients and advisers need to understand what’s required. As […]

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FPA’s Dare to Dream Campaign – inspiring Australia to dream! (Part 2)

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As part of the recent 16th Financial Planning Week the FPA have assembled some resources about the importance of financial independence, and the benefits of a financial plan for all Australians. This week’s focus is on the Dare to Dream report. As a nation, we’re dreaming more – but we’re not always living to our […]

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One in four Australian workers financially stressed

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Financial stress is now a fact of life for more than one in four Australian workers who say they have low confidence in their financial position and find it difficult to make ends meet. New research, undertaken by AMP for its 2016 Financial Wellness report, revealed Australians’ confidence in their finances continued to decrease in […]

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FPA’s Dare to Dream Campaign – inspiring Australia to dream! (Part 1)

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As part of the recent 16th Financial Planning Week the FPA have assembled some resources about the importance of financial independence, and the benefits of a financial plan for all Australians. Over the next three weeks we’ll feature some resources from the campaign. Today, we feature 2 videos from real life clients. As a nation, we’re […]

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Business confidence drops but 12 month economic outlook improves

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Confidence among small and medium businesses dropped this quarter, rebalancing from a five year high last quarter to register a net balance score of +38 (previously +44) according to the latest Sensis Business Index (SBI) survey. The Index, which reflects the views of 1,000 small and medium businesses from across Australia, revealed three times as […]

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Seniors financial wellness can be overcome with the right conversation

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When it comes to living a dignified, stress free and financially secure life in retirement – far too many seniors continue to suffer unnecessary financial, emotional and often health related hardship said Homesafe Solutions Managing Director, Peter Szabo. Yet all that would be required to tackle the solution to so much of this distress and […]

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Financial pressures a direct cause of mental health and substance abuse issues among Australians

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New research released yesterday by Acorns reveals that Australians are overwhelmingly facing mental health and substance abuse issues due to financial pressures. The report shows that nearly one third (32 per cent) of Australians aged 25 – 44 have abused alcohol due to financial stress, while one in five (20 per cent) have turned to drugs […]

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What does Financial Wellness look like?

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Australians are on a huge spectrum of Workplace Financial Wellness with only 6% classified as ‘superstars’, and 12% as ‘financially unwell’ meaning they are in desperate need of financial help. According to the Workplace Super Specialists Australia (WSSA) who developed its Financial Wellness index in conjunction with CoreData, financial wellness is: A state of being […]

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Loan vs Gift? – the right way to help out your kids

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We all know that life’s pretty expensive living in Australia these days – especially if you have a hankering for buying residential real estate in a capital city. Plus, if you are “lucky” enough to get into the real estate market, that usually means that you’ve signed yourself up for an enormous mortgage for the […]

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