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Author: Laze Spasevski

Job Vacancies Declined by 30.7%

Posted on by Laze Spasevski
Job Vacancies Down 30.7% From Peak
Job vacancies have declined by 30.7%. This marks a decrease in 10 out of the last 11 quarters, according to the Australian Bureau of Statistics (ABS). Vacancies peaked at a record 474,700 in May 2022, but have since fallen to 328,900 in February 2025, a reduction of 30.7%. “However, despite the falls in job vacancies over the last two and a half years, the total number of vacancies was s...
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RBA Reveals Positive Mortgage Data

Posted on by Laze Spasevski
RBA Reveals Positive Mortgage Data
The Reserve Bank of Australia (RBA) reveals that “there is positive mortgage data for a vast majority of borrowers. That means, borrowers would remain able to service their debt under a range of plausible economic scenarios”, according to the central bank's latest Financial Stability Review. Crucially, about 97% of borrowers have positive cash flow, which means they’re able to meet their mo...
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Young Australians Struggling to Find Jobs

Posted on by Laze Spasevski
Finding a job "increasingly complex" for young workers
Young Australians, aged 15-24 years, are struggling to find jobs. Their struggle is primarily due to a combination of factors, including a lack of skills, qualifications, and experience, which places them at a disadvantage in the competitive job market. As a result, the youth unemployment rate is consistently about five percentage points higher than the national average. According to Jobs &...
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How Housing Has Changed Since Covid

Posted on by Laze Spasevski
How prices, rents and rates have changed over the past five years
Five years on from the start of the covid-19 pandemic, the property market is in a very different place, reflecting how housing has changed since covid. When the pandemic started, some banks predicted a crash in property prices. Instead, the national median price fell just 1.7%, before rebounding. By March 2025, the national median was 38.4% higher than in March 2020, according to CoreLogic...
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How Inflation is Affecting the Economy

Posted on by Laze Spasevski
Prices soaring for some items, declining for others
The national inflation rate in January was a moderate 2.5% but prices are changing at different rates and are affecting different parts of the economy, according to the Australian Bureau of Statistics. On the high side, prices increased by 6.5% year-on-year for education, 6.4% for alcohol & tobacco and 5.3% for insurance & financial services. On the low side, prices rose only 0.9...
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Banks Are Offering LMI Waivers

Posted on by Laze Spasevski
Banks Offering Special Deals To Certain Professions
Good news if you’re an essential worker! Some banks are offering LMI waivers to professions such as police officers, teachers, firefighters, nurses, midwives and paramedics. Lender’s mortgage insurance, or LMI, is an insurance premium you generally get charged when you provide a deposit of less than 20%. For example, if you were a first home buyer and wanted to buy a $600,000 property with ...
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Government Aims to Protect Small Businesses

Posted on by Laze Spasevski
New protections aim to level the playing field between big & small companies
The federal government aims to protect small businesses from unfair trading practices imposed on them by larger companies. The government said, "Treasury will consult this year on the design of protections for businesses, including whether a principles-based prohibition should apply and whether specific unfair trading practices should target small businesses." Unfair practices may includ...
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Homebuilding Approvals Hit 2-Year High

Posted on by Laze Spasevski
Building approvals hit two-year high
Homebuilding approvals are heading in the right direction as it hit a 2-year high, opening up the possibility of more residential construction activity in the near future. According to the Australian Bureau of Statistics, a total of 16,579 approvals were issued in January. This marked a 6.3% month-on-month increase and 21.7% year-on-year increase. This increase was also the highest monthly ...
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US Tariffs May Raise Costs

Posted on by Laze Spasevski
US Tariffs Expected To Harm Local Firms
A report by PwC says that the tariffs imposed by the US government may raise costs. Not only that, but it could also create greater compliance challenges and introduce more uncertainty for Australian businesses. PwC said that supply chain costs for Australian businesses, particularly in the manufacturing and retail sectors with operations in the US may rise. “Many of these businesses depend...
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Rate Gap Highlights Need for Regular Loan Reviews

Posted on by Laze Spasevski
 Rate gap highlights a need for regular loan reviews as results on Finder, a comparison website, shows a gap between the average variable interest rate and lowest variable rate of 1.57 percentage points in early March, while the gap between the average and lowest fixed rate was 1.37 percentage points. It is very important to note that interest rate comparisons are not always equal, and some loa...
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