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It may seem as though nothing has changed since yesterday, but many yesterdays ago Uber and Airbnb didn’t exist.
For those of you who aren’t fully aware of Uber, it’s a ridesharing app that links drivers and passengers – book an Uber through the app and it’ll come straight to you. The passenger pays for the fare … Continue reading >>
Yesterday the Reserve Bank of Australia took the extraordinary step of reducing its interest rate from 1.75% down to 1.5%. It’s not quite the world record lows of negative interest rates of other countries, but it’s another notch closer towards 0%.
I’m sure you know (but let me tell you anyway), house prices in major cities around the world have risen to all time highs. A lot of commentators are calling these prices unaffordable (We agree!), with many cities having house price to income ratios of more than 10 (eg average wage is $65,000 and average house price is $650,000 (not factual numbers)).… Continue reading >>