There are a lot of trends in Australia right now, but one of the biggest one involves debt. As of May 22, 2019, Australia is the country with the highest population in debt; in fact, on average, Australians spend twice what they earn annually. This is a trend that’s been roaring hard since 1995. According to the linked article, in that time it rose from 104% to 212% on average.

These figures are statistical aggregates representative of Australia’s majority. Still, it’s worth noting there are always parties who buck the trend and remain out of debt. Here’s the thing to do: live below your means, whatever that requires. Make meals at home. Put in more hours at work. Grow a garden. Bicycle to work, or walk, or ride-share, or use public transit.

Cut out all the unnecessary extras of life and get things down to the basics until you’re out of debt, then keep exercising those principles for a few years after the fact to get over the handicap you gave yourself. This is the best way to get yourself financially clear. That said, following we’ll explore a few trends defining Australia’s financial market today.

Social Assistance And Healthcare

The healthcare and social assistance market is presently the most expansive in Australia. There’s a lot of work here. For contractors, finding the land where medical institutions would prefer to be can help give you an advantage.

For those that are nurses, doctors, surgeons, or researchers, there’s also ample opportunity. In terms of employment and investment; social assistance and healthcare represent a hot market.


Owing to the extreme debt of Australians presently, there is some “job security” in terms of both investment and occupation in these fields, making them financially attractive for savvy investors and hard workers alike.

Debt Agreements And Consolidation

There are agreements such as this one which put a company in management of your debt, and allow you to make regular payments based on what you can afford where you are, while warding off creditors.

Oftentimes consolidation is involved. That is: all your debt is bought by a company and consolidated into a single loan whose interest is less than your other debt collectively, meaning you pay in less over time.

Different agencies will have different features to their debt agreements, but there’s likely something you can find that fits your needs. With the level of debt facing Australians today, this is an essential undertaking.

Interest Is Percolating, Digital Banking Is On The Rise

Interest rates are remaining constant until at least the end of 2019—that’s the buzz presently. However, digital banking is on the rise following technological trends. Could this be the time to get involved with a cryptocurrency? Perhaps, but it’s still a bit of a gamble. Cryptocurrency functions from blockchains, which are essentially incorruptible digital finance ledgers.

As yet, though there does seem to be some economic buzz around cryptocurrency, it has blown a few tenuous bubbles that burst already. Digital banking is basically your bank as accessible from your phone, and exists as a further step away from traditional currency, like cryptocurrency, which is why the two are referenced together here.

Maximizing Australian Financial Profiles In 2019

The world is going cashless, and in Australia, digital options are quickly becoming more lucrative. However, these things are almost “double-fiat”, as it were. Fiat currency attributes value to the valueless through established authority.

Digital currency and banking doubles-down on that concept. Since interest is constant, you might want to find ways of paying off what you owe and making wise purchases whose total cost will be predictable in the near future. Debt agreements and consolidation help you do this. If you free up equity in 2019, investment in healthcare or social assistance could be wise.