Stephen Johnson

3 days ago | dailymail.co.uk | Stephen Johnson

BREAKING NEWSThe good news for Aussie home borrowers - but there is a catch ANZ has slashed fixed rate mortgagesBy STEPHEN JOHNSON, ECONOMICS REPORTER FOR DAILY MAIL AUSTRALIA Published: 02:16 EDT, 12 May 2025 | Updated: 02:23 EDT, 12 May 2025 Australian home borrowers can now get a much lower fixed mortgage rate with ANZ the latest to slash charges. ANZ on Friday slashed two-year fixed rates by 35 basis points to 5.39 per cent - the lowest among Australia's Big Four banks.

3 days ago | dailymail.co.uk | Stephen Johnson

Anthony Albanese's plan to double taxes on super balances above $3million will likely hit the average 22-year-old worker before they retire, new modelling shows. Labor argues its plan to double earnings taxes to 30 per cent will only affect 0.5 per cent of the population or 80,000 people - at the moment. That 30 per cent tax isn't indexed for inflation - and if it stayed in place indefinitely it would sting Generation Z when they come to retire.

6 days ago | dailymail.co.uk | Stephen Johnson

How Instagram lifestyles, sky-high bills and stagnant wages are financially dooming young Aussies Living expenses surging beyond inflation paceBy STEPHEN JOHNSON, ECONOMICS REPORTER FOR DAILY MAIL AUSTRALIA Published: 23:54 EDT, 8 May 2025 | Updated: 23:54 EDT, 8 May 2025 A financial expert has explained why younger Australians are finding it harder financially than the baby boomer generation - with rising costs and unrealistic lifestyle expectations playing a big role.

6 days ago | thisismoney.co.uk | Stephen Johnson

A financial expert has explained why younger Australians are finding it harder financially than the baby boomer generation - with rising costs and unrealistic lifestyle expectations playing a big role.  Finder money expert Rebecca Pike said younger workers were less likely to be getting decent pay rises to keep pace with cost-of-living pressures. 'There's obviously kind of generational differences in that as well,' she told Daily Mail Australia.

6 days ago | dailymail.co.uk | Stephen Johnson

Australia's cost-of-living crisis has highlighted how hard it is to save up. While inflation is moderating, the rising cost of goods and services after Covid lockdowns depleted savings. Someone who lost their job or suffered a major illness would have less available in an emergency fund to draw upon. That meant the need to have money in the bank for those financial emergencies with renters and home borrowers both being squeezed.