Five ways to save through the recession
Check out 5 easy ways to save money in Australia during COVID times. Credit Simple gives you your Credit Score and detailed credit report for free.
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August 31 Economic Update: Border closures fail to keep out COVID’s economic impacts
New data released today has confirmed New South Wales was on the same downward spending trajectory as Victoria in early August, with its lowest spending since early June. Overall spending in Australia is down 5% on normal levels, largely brought down by the continued strict lockdown in Victoria.
Here are the best ideas from our Small and Medium Enterprise survey
Check out advice from SME business members for your business during this unique and challenging time.
August 17 Economic Update: What happened to all that Super?
New data released today has confirmed that early superannuation withdrawal continues to drive a huge spending boom and that the program has not been used as intended by many Australians. But as it turns out, many people may not have needed to access their Super early at all.
August 5 Economic Update: Buy now pay later is the stimulus winner
New data released today has confirmed that spending continues to rise to 15% above pre-crisis levels, driven by the massive cash flow impact of early withdrawal of up to $10,000 in superannuation money and the impact of $750 Stimulus payments.
Congrats AlphaBeta survey winners
We recently held 4 competitions asking for your best tips on handling the COVID crisis. We think these winning entries will inspire you!
July 20 Economic Update: Spending skyrockets to 17% above normal levels
This week’s data shows that while spending has skyrocketed to 17% above normal levels, almost all of the growth was due to Stimulus and early Super. Meanwhile, as stage 3 restrictions enter their second week, spending in Victoria is around 15% below other states.
Getting a home loan as a doctor
In Australia, some lenders are willing to offer doctors in the healthcare field benefits they might not extend to people in other professions. The main justification is around earning potential: doctors are in demand and a doctor’s salary is usually on the higher end (or is likely to get there eventually in the case of younger doctors). It has nothing to do with the importance of the profession to society or with any government regulation favouring doctors. Any preference given…
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June 29 Economic Update: battlers bolster economy through pandemic
New real-time data from illion and AlphaBeta shows that Australia’s low-income earners (those earning less than $65k a year) have carried the economy on their shoulders throughout the COVID-19 crisis.
June 22 Economic Update: Not quite Saturday night fever, but weekend spend almost back to normal
This week, the data is showing the first signs of ‘normality’ in the Australian economy. Cafes are almost back to pre-COVID levels, while spending on restaurants is 20% more than pre-COVID levels, mainly due to the increasing share of food delivery.