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A 25-year-old man purchased a two-story house with a beautiful garden for over $300,000 referring to the early 1990s. Key points: Parts of Queensland saw property prices rise in July, contrary to national trends The Regional Australia Institute says housing affordability will keep much of Queensland more insulated from falling property prices than the city The Gold Coast and Sunshine Coast markets are the exception, registering accelerated declines in recent months But in outback Queensland towns like Longreach, it’s the norm. The Reserve Bank of Australia yesterday raised interest rates for the fourth month in a row, but Longreach resident Ben Galea said he was not stressed. “When it came time for my fixed rate to change … I didn’t have to change my lifestyle,” Galea said. “It’s a great city. It’s bustling. There’s a lot of young people here. There’s a lot to do, a lot of sports. It’s brilliant. “There are things w...

A business class passenger on an Avianca flight experienced a sour taste in his mouth. He recently took to the Internet to share his experiences of unclean toilets, packaged desserts, and breakfasts “served in economy class containers.” The priesthood may not say “no one has the wrath of a business class passenger scorned” but he really had to. Why? A spiky late passenger recently took to the Internet with another hit from his London-Bogota flight Avianca 787, where the experience failed to live up to its bill as a premium service. A “comically bad” experience stabbed by avid traveler Matthew Klint, who writes for aviation websites Jump & Let’s Fly . Klint recently flew Avianca, a Colombian airline that has been the flag carrier of Colombia since December 5, 1919, when it was originally registered under the name SCADTA. Even though Avianca isn’t well-known as one of the world’s leading luxury airlines (for airlines that have the best bu...

However, the prospect of what happens after that is troubling. The higher costs will eat into my monthly savings buffer, either delaying my retirement or meaning I retire with less. At some point, it also meant that I had to reduce my standard of living – a position many borrowers have experienced recently. The degree of fear of what is to come is, in fact, the emotional response Lowe expects to elicit in borrowers. But Lowe doesn’t just want us to wallow in fear. He also wants us to take action, reduce non-discretionary spending and tighten our belts as best we can. Collectively, these actions will remove demand from the economy, which will help to curb price pressures. So, here are five things you can do today to help you navigate what’s to come. Remind yourself that it could be worse The good news is that interest rates are only rising because of the underlying forces of our economy. Unemployment is at its lowest in nearly half a century and, as long as you keep your j...