The numbers you need
... is how much a couple living a "modest" lifestyle spend a year in the Northern Territory, which is 1.5 per cent less than the national average, making the Territory the cheapest place for retirees to live in Australia.
42,951
... was the record reached last week by the Australian All Ordinaries Accumulation Index, which counts share prices as well as dividends.
15.9 per cent
... is how much the typical balanced superannuation option has earned for the year to the end of August. For the 10 years to the end of August, the average annual return is 6.9 per cent.
8.99 per cent
... is the lowest non-honeymoon interest rate charged on a credit card. It's issued by Community First Credit Union but there's a $40 annual fee.
4.14
... was how many litres of pure alcohol in beer were consumed on average by Australians aged over 15 in 2011-12.
Frequently Asked Questions about this Article…
A couple living a “modest” lifestyle in the Northern Territory spends about $32,187 a year, which is roughly 1.5% less than the national average — making the Territory the cheapest place for retirees in Australia according to the article.
The Australian All Ordinaries Accumulation Index reached a record level of 42,951. This is notable because the Accumulation Index measures both share price movements and dividends, giving investors a fuller picture of total returns than a price-only index.
A typical balanced superannuation option earned 15.9% for the year to the end of August, based on the figures reported in the article.
Over the 10 years to the end of August, the average annual return for a typical balanced superannuation option was 6.9%.
Community First Credit Union issues the card with the lowest non-honeymoon interest rate mentioned — 8.99% — but it carries a $40 annual fee.
The 8.99% figure is the lowest non-honeymoon interest rate charged on a credit card reported in the article. It reflects the ongoing purchase rate (outside introductory rates) offered by Community First Credit Union, with a $40 annual fee attached.
The Northern Territory is described as the cheapest place for retirees because the annual cost for a couple living a modest lifestyle there is $32,187 — about 1.5% below the national average — making it the lowest-cost jurisdiction cited in the article.
In 2011–12, Australians aged over 15 consumed an average of 4.14 litres of pure alcohol in beer, as reported in the article.
Call 1300 880 160
Start a chat
Schedule a call
