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REPORT: Small Business Inquiry Finds Australian Big Bank Practices Unfair

Posted: February 4th, 2017 | Author: | Filed under: Business and Economy | Tags: , , , , , , | Comments Off on REPORT: Small Business Inquiry Finds Australian Big Bank Practices Unfair

Report Into Australian Bank Practice Finds Lenders UnfairI’ve banked with a small bank – Bendigo Bank – since my return to Melbourne 8 years ago. Australia’s big banks have plenty of critics, and now they can add the Small Business Ombudsman to that fast growing list.

The high profile Ombudsman, Kate Carnell, who has authored a report released today into banking practices, has found lenders are not being fair when they enter into contracts with small and medium-sized businesses.

The big four banks enjoy a $19 billion advantage over their smaller rivals by still being able to self-calculate the riskiness of their home loans according to analysis from the Australian Prudential Regulation Authority.

Despite a new regulatory framework requiring the big banks to hold larger top tier capital buffers, their ability to internally assess their asset risks is still a huge advantage in terms of the amount of “expensive” capital locked up and their ability to access cheaper funding.

While the CBA, NAB, Westpac and ANZ are now required to base their regulatory capital on a blanket of at least 25 percent of mortgages being at risk, smaller lenders must base their risk weightings at 39 percent :: Read the full article »»»»

Health Factoid: Why You Have Trouble Sleeping During a Heatwave

Posted: January 28th, 2017 | Author: | Filed under: Cankler Science News | Tags: , , , , , | Comments Off on Health Factoid: Why You Have Trouble Sleeping During a Heatwave

Health Factoid-Why You Have Trouble Sleeping During a HeatwaveThe morning after a sweltering summer night, you’ve tossed and turned, sweated in your sheets, many may experience a rude awakening.

You know the feeling, you wake up feeling groggy, tired, irritable, almost like you have a hangover.

In Australia temperatures like last week’s heatwave – which saw suburbs stay at around 30 degrees Celsius overnight – and with hot days expected throughout the southern summer, sleep disruption is going to be a regular pain in the neck.

While the body’s core temperature generally hovers steadily around 37C, there is a potential for it to rise and develop into a fever if the surface temperature cannot be cooled and a room remains hot :: Read the full article »»»»

Apartment Demand Increases as Baby Boomers Fight Gen Y For Life-style

Posted: November 27th, 2013 | Author: | Filed under: Apartment Stalker, Australian Home Prices, Real Estate News | Tags: , , , , , , , | Comments Off on Apartment Demand Increases as Baby Boomers Fight Gen Y For Life-style

Baby Boomers vs Gen YOne of the most significant social changes in the past 30 years has been our aging population, over the coming decades this aging will polarize, affecting not only the lifestyle choices of the greying population, but the economy of successive generations as well. As Baby Boomers seek to downsize responsibility, are they biting at chunks of the property market also sought-out by Gen Y?

A decade ago a house on a quarter acre block might  have been the dream lived out by the average Aussie Baby Boomer, but new research suggests they are increasingly looking at apartment living, the same corner of the market chased by their grandchildren.

Policy-makers, planners and developers need to get creative as two generations converge on the same portion of an already under-stress property market.

The Australian Bureau of Statistics – ABS – projects that population growth will see an even higher demand on housing, the converging generations – Baby Boomer vs Gen Y – has the potential to kick-start a steep rise in apartment prices unless developers start planning for seriously increased demand :: Read the full article »»»»

Australian Home Prices Flatline

Posted: September 4th, 2012 | Author: | Filed under: Australian Home Prices | Tags: , , , , | Comments Off on Australian Home Prices Flatline

Australian Home Prices FlatlineAustralian home prices have ended their run of gains, with a leading private sector index flat in August. RP Data’s Hedonic Home Value Index was unchanged in August for the eight capital cities, and rose just 0.1 per cent in regional and rural areas.

Capital city home prices were up 1.6 per cent over winter, but down 2.4 per cent over the past year. The biggest prices gains over the past month were in Adelaide (1.4 per cent) and Canberra (1.2 per cent), while Sydney and Melbourne posted modest 0.1 per cent increases.

Perth and Hobart had the two largest falls of 1.2 per cent, with Darwin down 0.5 per cent and Brisbane off 0.2 per cent.

RP Data’s director of research Tim Lawless said Sydney has been the most consistent performer amongst the capitals.

“Sydney dwelling values have increased over five of the past eight months providing a cumulative capital gain of 1.9 per cent over the year to date,” Mr Lawless said. “Canberra (+1.4 per cent), Hobart (+3.9 per cent) and Darwin (+8.4 per cent) have also yielded owners capital gains over the first eight months of 2012. In contrast, other capitals, like Adelaide (-1.3 per cent), Brisbane (-1.4 per cent), Perth (-2.5 per cent) and Melbourne (-2.6 per cent), have recorded tougher conditions this year.”

Mr Lawless said the price gains are an encouraging result for the traditionally quiet winter season, but the true test will be how the market copes with all the new listings that come onto the market in Spring.

“We know that there is likely to be an increase in new supply over Spring, which may introduce some headwinds for a recovering market,” Mr Lawless added. “How the market plays out over the Spring season will be an important litmus test for its resilience.”

The most expensive property market in Australia remains Sydney, with a median dwelling price of $530,000. The cheapest capital city market is Hobart, with a median price of $275,000.

RELATED: Australian Home Prices

Favorite New Thought: Get Crated

Posted: March 10th, 2012 | Author: | Filed under: Favorite New Thought, Furniture | Tags: , , , , , , , | Comments Off on Favorite New Thought: Get Crated

Favorite New Thought - Get CratedMilk Crates are one of the wonders of the 20th century, from carting vinyl to creating bookshelves, these polyethylene wonders are certainly versatile if not a little hiddeous. Page Thirty Three has taken the galactically accepted form of the humble bottle crate and turned it into something übercool. Aptly named, The Wooden Milk Crate is now officially on my want-it-list!

Page Thirty Three descibes this wonder: as being used for seats, shelves, side tables and storage units. The Page Thirty Three wooden milk crates cross pollinate the functionality and simplicity of the ordinary milk crate with a crafted wooden finish. The crates interlock vertically to stack as storage; they rest evenly on top of each other when on their side, making prefect shelves, and are easily stable enough to flip and use as seats. OH AND IT’S MADE IN AUSTRALIA!

Dimensions: 330mm x 330mm x 330 mm/ 13 inches x 13 inches x 13 inches


More Details & More Übercool creations check: http://www.pagethirtythree.com/