iChoice News

The problems with relying on the bank of mum and dad

Ask a parent how far they would go to support the financial aspirations of their children, and chances are they will say: "Yes, if I had the money I would be happy to act as a guarantor for my children to purchase a property." Australian capital city house prices by 7.9% in 2014, while the…
Read more

NSW is dragging its feet on help for aspiring first home owners

For most people, buying their first home is daunting. But if Australians want to ensure home ownership isn't out of reach for low- and middle-income earners and get better value out of taxpayer-funded housing support, it's time to do more than simply hand out. Evidence from overseas and interstate shows that a good place to…
Read more

Explainer: how bankers fixed forex trades and why it’s criminal

"Oh what a tangled web we weave. When first we practice to deceive". Sir Walter Scott's comment could have been made about the LIBOR and foreign exchange (forex) scandals engulfing the world's largest banks. For the first time, it looks like the banks in question may have to face criminal charges for manipulating forex benchmarks,…
Read more

Labor endorses Jason Khoury for Drummoyne

Fourth generation Concord West resident and father of three, Jason Khoury has been preselected unopposed as the Drummoyne Labor candidate for the State Election in March 2015. The Group Principal of his mortgage advisory business on Concord Road, ┬áJason has a background in business banking for NAB, Westpac and St George for fifteen years before…
Read more

Uncovering the black holes in plans to fix Queensland’s debt

Image: Fast-spinning black holes don't just exist in space - Queensland's Liberal National and Labor parties are busy attacking each other's strategies to cut debt, yet both have been guilty of having black holes in their plans. NASA/JPL-Caltech, CC BY-SA. Author's update, January 29: In the week since this article was published (on January 23),…
Read more

Perth could become a model for 21st-century urban planning

What is the future of Australia's wealthiest state? The Conversation, in conjunction with [link url="http://griffithreview.com/"]Griffith REVIEW[/link] and Curtin University, is publishing a series of articles exploring the unique issues facing Western Australia. Perth is not high in the national consciousness, although its growth has sparked some interest. The latest Australian Bureau of Statistics [link url="http://www.abs.gov.au/ausstats/[email protected]/Latestproducts/3222.0Main%20Features112012%20%28base%29%20to%202101?opendocument&tabname=Summary&prodno=3222.0&issue=2012%20%28base%29%20to%202101&num=&view="]projections[/link]…
Read more

Hot air but no bubble following RBA rate cut

The move by the RBA to a [link url="http://www.rba.gov.au/statistics/cash-rate/"]record-low 2.25% cash rate[/link] at its first meeting for 2015 has unsurprisingly reignited speculation of a [link url="http://news.domain.com.au/domain/interest-rate-cut-likely-to-turbocharge-sydney-houseprice-growth-20150203-134qd6.html"]"turbo-charged" bubble[/link] in Sydney's house prices. In actuality, the rate cut will not ignite a housing bubble and is the right policy given broader macroeconomic conditions. While prospective property buyers…
Read more

Why do people hate bankers? No, really

In survey after survey bankers [link url="http://cuffelinks.com.au/public-hate-us/"]rank poorly on ethics and honesty[/link]. It's not hard to find entire websites dedicated to bank hatred. And Bank of America consistently rates in the top 10 [link url="http://www.digitaltrends.com/mobile/sony-uber-sprint-worst-companies-america/"]most hated companies[/link] in the US. Recent Australian [link url="http://onlinelibrary.wiley.com/doi/10.1111/1759-3441.12081/abstract"]research[/link] looks to some of the potential reasons for Australian bank hate.…
Read more