Category Archives: australia

Direct payday lenders

Payday Loans for emergency funds

Now you do not have to visit the office to get a payday loan. It is a loan service which is designed to help people who need instant cash. The payday loans are different from the normal short-term loans. You can get the money quickly without going through the long process of loan disbursal.Life is full of situations which cannot be predicted. These include medical emergency, accidents etc. You might sometimes not have enough money to pay during these unexpected emergencies. There are many service providers that help you overcome these emergency situations.

What is required by direct payday lenders?

The direct payday lenders have some minimum requirements for you to get this facility. They are:

  1. Age 18 Years – You are eligible for the loan only when you are 18 years old. This is done so that the loans are provided to mature people who will not default.
  2. Source of income – The payday lenders provide loan to people having a steady income. The source of income and the amount on your paycheck decides the amount of disbursal.
  3. Citizenship – The lending company will disburse only to citizens of the country where they are operating. This is to protect against default as the loan has no security against it.
  4. Bank Account – Always the loan is linked to the bank account provided by the borrower. This will help to protect the lender against default and also keep the borrower identified.

Instant Approval

In the technological age you can get the money in your account in a matter of hours. Always choose the direct payday lenders and do not get involved with the brokers. The direct payday lenders are governed by legislation which will protect against the heckling by brokers. Also getting loans directly you will get more money in your hand as you skip the broker fees. The direct lenders will review you eligibility and then contact you with their terms and conditions. Read the terms and conditions carefully before signing up. It is the matter of your money. Always be prudent while going through the interest payment part of agreement and try to get a loan with minimum cost.

Be a responsible Borrower

The loan is a debt and should be treated accordingly. Be reasonable and take only as much you can pay easily without much strain. The short-term loan comes with some terms and you should abide by these to stay away from credit troubles. If you are planning to take some long-term loans make it sure that you pay these short-term loans on time. This will affect your eligibility for the long-term loans.


Government and Markets

Economy Surrounded

The unemployment shark is back attacking the economy.It is hurting the very essence of the Australian system. Australian economy has been robust and riding the success wave. But the latest quarter has thrown up new challenges.Inflation is increasing due to destruction of food crops due to global climate changes.

New budgets and economic packages can have a significant effect on the behavior and outcome of markets. Not only in response to government packages, but also reacting in real time as analysts try to predict how certain events will affect the outlook of their organisations. This is where the economic machine fits alongside geo-political influences as the relationship between nations, in whatever sense, is crucial to the performance of individual markets. And this is where an equilibrium must be found between politics and economics, so the markets can behave in ways conducive to business. Perhaps this is why when a situation such as Ukraine’s happens, nations are slow to respond so they don’t upset power balances too much. The mixture of a new budget for us, the crisis in eastern Europe and unstable financial systems in Asia, mean equilibrium must be found. However, power balances are all too hard to control. Whilst economies, with their shares and stocks fluctuating, governments want the best for their countries which often undermines the interests of big corporations.

The power balance is shifting and the need of the hour is policy revision. New policies will act as the Noah for the Australian economy. It will drive it forward to success. Asia is also picking up the pace after an year of slack. So, the things look bright but edgy,

Rise of the Australian Dollar

The Australian dollar has seen remarkable recovery since the 30% decrease. It is almost square with the US dollar. This has happened for the first time since 1982. This shows the strength of the Australian economy in the current scenario.

Australian Dollar Rising

Australian Dollar Rising


What are the reasons for this strength? There are many:

  • The Asian Connect – Australia is benefiting from the Asian economy. Asia is one of the fastest growing region of the world, and strong ties at the right time has helped Australia to grow as well. The demand for Australian goods in Asia is pushing the AUD to become stronger.
  • Volatile US and EU – The volatility of the markets in US and the EU crisis has made Australia a place for safe investment. The stability of the Australian economy has helped in rise of the Australian Dollar.
  • Healthy Economy – The healthy state of the economy in Australia is the main reason for the strong currency. When the whole world was reeling from the slowdown, Australia was the least affected. The reason being strong policy measures.
  • Demand of mining products – The Asian countries are towards commodity intensive stage of growth. Hence the demand for mining products is more. This has led to mining activities increasing in Australia. Strong demands from China is driving the mining industry. This helps the rise of the currency as well.
  • Reserve Bank holding off – The Reserve bank has desisted from cutting interest rates. This has shown positive results with the Australian Dollar reaching parity with the US dollar.


Australian Economy in Upswing

Rapid population growth, foreign investments are the factors pushing the Australian economy ahead. With increase in trading partners the Economy looks to be speeding ahead. This is the era for growth for Australia.

The investors are the driving force behind the rosy scene. They seem confident and willing to invest more resulting in around 4 percent growth. The major trading partner countries are recovering at a normal pace now. The economy is picking up in Asia, and Asia is one of the major export markets for Australia. Australia is one of the hot destinations for immigrants, which adds to the skill level of the workforce. Lesser exports to China have been offset by increasing demands in East Asia.

Housing prices on a upswing

The increasing House prices in Australia

Household incomes are rising and will support the growing needs for housing. The construction industry is likely to have more appreciated growth. In spite of high rates for property, there is no case for alarms. The debt payment is having very healthy trend. Mortgage credit which has put down major economies is hardly a factor in Australia.

Jobs available to skilled class has shown a growth of 2.7 percent indicating the growth in the economy. The unemployment rate is one of the lowest in the last decade at 4 percent.

It is one of the few economies across the globe where lending cost has gone up. The hope is that the upswing will continue further adding to wealth of the common Australians.

Tourism is also supporting the economy well. With major tournaments like Australian Open Tennis and the World Cup in early 2015 will add to the economy. The early legislations protecting the environment are bearing fruit. People from all over the world are coming over to experience the unique wild life and the scenery.

Australian economy is rocking at the moment!!!!!!!

Australia’s current account deficit narrows

Australia is no stranger to current account deficit- it has been a constant companion for more than a century, at least. However, the September quarter has seen a 10% reduction in current account deficits. The Australian Bureau of Statistics was expecting a slight reduction in the deficit- but not to the tune of 10%. This is just a sweet surprise, in a way.

Current account deficit falls

Current account is the account that measures the international flow of income. The current account measures transfer of dividends, aid, interest payments, etc. between Australia and other countries. The second quarter of this year saw a doubling of deficit, thanks to decreasing exports and a perceivable drop in commodity prices. However, exports have picked up again and this surplus supply has caused the deficit to slim from $13.9 billion to $12.5 billion.

This has been a fairly good year for the Australian economy, at least as far as current account deficits are concerned, since it hit a three decade low! The Australian economy has seen a surplus supply thanks to increasing exports. Australia’s trade agreements with China and Japan and other countries might have something to do with this. It might certainly help the country’s economy to promote trade agreements with other countries.

Exports to China slowing and damaging Australian Economy?

So I was reading an article recently about the exports to China slowing down. Apparently this has had a negative effect on the Australian economy. Who knew we were so intimately linked to the Asian market. So what is the reality of the Australian economy now with its linkages to China?

“China is a big reason for that economic resilience. Australia sailed through its toughest challenge, the global financial crisis, thanks largely to China’s appetite for mined-in-Australia iron ore, coal, and other minerals. China is Australia’s No. 1 trading partner, accounting for more than a third of its exports.”

So Australian exports are contributing to the growth of the Chinese economy and also contributing to the economic bubble that the Australian population has been living in for the past 2 decades. It’s similar to other cases such as Canada where it was not hit as hard as the U.S. due to their exports as well and their oil. Now that China has cut down on its use of Australian coal the Australian companies have been diversifying to keep the economy fresh. They have been reaching out into other industries such as cattle ranching and finding new inventive commodities to export to China as the middle class grows. A very interesting outlook on the dynamism of the market and from North-South trade from a new angle.

coal crashes Australia looks to other sources