Do savings accounts pay compound interest?

When you open a savings account it’s for one reason only – to grow your money. Obviously, when you’re comparing savings accounts, you’ll be looking [...]

POSTED ON December 12, 2019
Top small business loans in November 2019

Your guide to getting a small business loan Business loan rates have not fallen as far as RBA’s cash rate and rates on business savings [...]

POSTED ON November 14, 2019
Over 40? Do you have an exit strategy?

Life is meant to begin at 40. You’re older. Wiser. Better equipped to deal with the world and what it throws at you, except, apparently, [...]

POSTED ON May 31, 2019
Fresh idea from Aussie to fix housing

A new scheme to alleviate the housing affordability crisis has been suggested to the federal government and opposition by Aussie Home Loans Chairman and CEO, [...]

POSTED ON August 23, 2007
Sincerity of real estate agents questioned

According to a survey conducted by non-bank lender MyRate has found that 85 per cent of Australians do not trust real estate agents. Most of [...]

POSTED ON August 23, 2007
Business outlook improving

Corporate profits and building approvals seem likely to keep the economy growing strongly into next year. The Westpac-Melbourne Institute Leading Index increased to 7.1 per [...]

POSTED ON August 23, 2007
Petrol discounts dockets a “sham”

An inquiry into petrol discount shopper dockets has been told that the schemes are a "sham". The National Association of Retail Grocers of Australia has [...]

POSTED ON August 22, 2007
Mutual members protected from predators

The federal government has made changes to the rules that govern access to mutual organisation members by their competitors. The industry has been concerned that [...]

POSTED ON August 22, 2007
Macquarie divides and grows

Macquarie bank has received approval from the Australian prudential Regulatory Authority to split its business into banking and non-banking subsidiaries. A new holding company Macquarie [...]

POSTED ON August 21, 2007
Aussie not chasing RAMS

Although RAMS has no direct link to the subprime sector the company revealed last week that pricing pressure from international credit markets would affect its [...]

POSTED ON August 20, 2007
Rate-rise risk remains: RBA

The chance of another rate rise in the next six months remains well and truly on the cards, but hardly a forgone conclusion, following testimony [...]

POSTED ON August 17, 2007
Fixed rate flurry

Non-bank lenders have reported an increase in enquiries about switching to fixed rates from home loan customers concerned about the fall-out from the US debt [...]

POSTED ON August 17, 2007
Global sharemarket adjustment

The local sharemarket took a big hit yesterday with the S&P/ASX 200 Index closing 2.96 per cent lower. The index has lost 10 per cent [...]

POSTED ON August 16, 2007
CBA profits up but cards down

The Commonwealth Bank yesterday announced a 14 per cent increase in annual net profit to $4.47 billion. The bank recorded an 11 per cent rise [...]

POSTED ON August 16, 2007
Bluestone renews warning on price pressure

The chief executive of non-conforming lender Bluestone, Alastair Jeffrey, has warned that the major banks are not immune from increases in the cost of funding [...]

POSTED ON August 16, 2007
IMB happy being mutual

IMB yesterday announced a 13.5 per cent increase in annual after-tax profit of $20 million. Tough market conditions saw mortgage approvals by IMB drop 15 [...]

POSTED ON August 15, 2007
Becton lifeline for Fincorp investors

Becton Property Group has offered Fincorp investors 50 cents in the dollar on their original investments as well as an opportunity to reinvest their proceeds [...]

POSTED ON August 15, 2007
NAB fees up, ATM’s down

NAB has increased the fee its customers pay for using another bank's ATMs from $1.50 to $2.00, netting the bank an extra $50 million in [...]

POSTED ON August 14, 2007
Fund injection to prop up banking system

Central Banks in the US, Europe, Japan, Canada and Australia all moved to inject cash into the banking system on Friday. The US sub-prime crisis [...]

POSTED ON August 13, 2007
Labor to help stressed renters

The Labor party has announced a new policy which is aimed encouraging investors to build up to 50,000 low-cost residential properties that would be rented [...]

POSTED ON August 13, 2007
Melbourne apartment glut relief

The oversupply of apartments in inner-city Melbourne is clearing with 1037 sales in Southbank, Docklands and St Kilda road in the six months to the [...]

POSTED ON August 13, 2007
More good employment figures

The unemployment rate has remained at its 32 year low of 4.3 per cent, helped along by an increase of 21,700 jobs, most of which [...]

POSTED ON August 10, 2007
LMI providers exercise caution

Three providers of lender's mortgage insurance in Australia, PMI, Genworth and newly licenced MGIC, are expected to reign in aggressive growth targets. Genworth is believed [...]

POSTED ON August 10, 2007
Rates up, but where will they stop?

The Reserve Bank raised interest rates to their highest level in ten years this week, the official cash rate rising 0.25 percentage points to 6.5 [...]

POSTED ON August 10, 2007
New property price record

A new record has been set for the sale price of a house in Australia. A mansion in Sydney's Point Piper changed hands for $29 [...]

POSTED ON August 8, 2007
Signatures could be obsolete

Smart cards will soon replace the magnetic strip credit cards that we have been carrying since the 1970's. ANZ has been issuing cards with chips [...]

POSTED ON August 7, 2007
Sharemarket on the skids

Over the past two and a half weeks the Australian sharemarket has lost 8 per cent of its value and investors have been warned that [...]

POSTED ON August 7, 2007
Fixed mortgage rates on the move

While the sub-prime crisis in the US is not being repeated here it is having an effect on the local market. As the cost of [...]

POSTED ON August 6, 2007
ACR investors to get more than half back

The administrators of failed property investment group ACR say that investors can expect to receive 60 cents in the dollar and lenders should be fully [...]

POSTED ON August 6, 2007
Case strong for August rate rise

It appears the time has come for interest rates, with a high chance that the Reserve Bank will raise official rates by 0.25 percentage points [...]

POSTED ON August 3, 2007
CBA expands equities presence

The Commonwealth Bank has made a bid to purchase online broking and investment portfolio services company IWL. IWL is Australia's largest independent discount broker and [...]

POSTED ON August 2, 2007
More rate pressure as debt balloons

Private debt grew by $27.4 billion in June, further strengthening the case for a rate rise when the Reserve Bank meets next week. A large [...]

POSTED ON August 1, 2007
House prices out of reach for many

Research from the Property Council of Australia shows that workers on the average wage of $55,000 cannot afford to buy a median-priced home in any [...]

POSTED ON August 1, 2007
Equities markets brace for sell off

The continued sell off in US equities markets has local analysts tipping a further sell off in the Australian markets. The Dow Jones was off [...]

POSTED ON July 30, 2007
Home ownership still Aussie dream

A survey conducted by NAB has found that for those aged between 19 and 24 years, 90 per cent identify buying a home as their [...]

POSTED ON July 30, 2007
Rudd’s housing affordability summit flourishes

Kevin Rudd's much anticipated conference to tackle housing affordability issues was held in Canberra yesterday, with the Labor Leader grandly declaring "a national consensus". Labor's [...]

POSTED ON July 27, 2007
Rental trap widening

Over one-third of NSW renters suffered household budget stress bought about by rental payments taking more than 30 per cent of household incomes. 2006 census [...]

POSTED ON July 25, 2007
Which way for dollar?

Analysts are mixed in their views on the future outlook for the Australian dollar which is currently trading at 18 year highs. Chief economist for [...]

POSTED ON July 24, 2007
Challenger to ASX emerges

A US company, top brokerage house Liquidnet, has applied to the Australian Securities and Investments Commission to establish an alternative trading platform to the ASX. [...]

POSTED ON July 24, 2007
Dismal day of trade

Fluctuating US Stocks has shaken Australian stock prices at the close of yesterday's trading, however commodity pricing kept the losses in line. Benchmark S&P/ASX200 index [...]

POSTED ON July 24, 2007
Soaring $A raises alarm on CPI figure

According to Bloomberg, the Australian dollar has surpassed US88c for the first time in 18 years, peaking at US88.34 and while many predict the dollar [...]

POSTED ON July 23, 2007
ANZ renews focus on business banking

ANZ Bank's new boss of institutional banking Peter Hodgson has said that volume by itself is not a worthwhile pursuit. Mr Hodgson said that while [...]

POSTED ON July 23, 2007
Wall Street in retreat

Sharp losses have been incurred on Wall Street following disappointing company profit results as well as concerns about sub-prime mortgages. The Dow Jones fell 1.07 [...]

POSTED ON July 23, 2007
Risk in election promises

Independent forecaster Access Economics said that inflation risks were worsening due to falling unemployment but this would ease as productivity improves. On the business front [...]

POSTED ON July 23, 2007
Security checks faster

The Federal government is looking to establish a national securities register which would record all encumbered personal property. The new electronic system will make it [...]

POSTED ON July 20, 2007
Housing supply dwindles

Housing supply is still tightening with the Housing Industry Association yesterday reaffirming its forecast of a 1 per cent drop in housing starts in 2006-07. [...]

POSTED ON July 20, 2007
Rising A$ may ward off rate rise

Little new has emerged in the past week in the interest rate outlook and the chances of a rate rise as soon as August still [...]

POSTED ON July 20, 2007
Family housing unit holds its own

The 2006 Census has concluded there has been no change in the market share by household type, despite speculation that societal changes seen between the [...]

POSTED ON July 19, 2007
ACR payout looks up

Investors in the failed property group ACR may get between 70 cents and 85 cents in the dollar. The news follows a rumoured offer to [...]

POSTED ON July 19, 2007
Sub-Prime loan crisis to spread

The US sub-prime loan crisis will certainly affect further Australian investors according to leading Australian fund managers, David Bryant the head of Australian Unity Investment [...]

POSTED ON July 18, 2007
Market correlation….is there any….

By Karl Siegling Having recently travelled in the USA and Asia presenting to investors, I was surprised how often I was questioned on the correlation [...]

POSTED ON July 18, 2007
ASIC put freeze on Fincorp founder

The Australian Securities and Investment Commission (ASIC) has placed a freeze on the assets of Fincorp founder Eric Krecichwost and 12 associated parties as the [...]

POSTED ON July 17, 2007
Basis Capital calls a halt on withdrawals

High profile Australian hedge fund Basis Capital has been forced to suspend all withdrawals from its flagship fund after last week informing investors of its [...]

POSTED ON July 17, 2007
Lending standards called into question

Home lenders are providing loans that will require the borrower to repay more than half their monthly income in repayments, well in excess of the [...]

POSTED ON July 13, 2007
Jobs breather does little to ease rates threat

Pressure for an increase in interest rates has perhaps eased slightly following the release of the June jobs figures showing a slight increase in unemployment [...]

POSTED ON July 13, 2007
Big banks under pressure

Smaller players and non-bank institutions continue to eat away at the businesses the banks once had all to themselves. ING is gaining 10,000 new customers [...]

POSTED ON March 13, 2002
Sydney property market will be harder to crack

A property research consultant, Rory McLeod, says that it's going to become much more difficult for property investors to pick the Sydney market. He says [...]

POSTED ON March 13, 2002
Turning debt into wealth

If you're paying off a mortgage and you have some equity in your home you can start to invest tax-effectively. Line-of-credit home loans have become [...]

POSTED ON March 13, 2002
Add up those home loan fees

Once you've saved up the deposit for a home, don't forget to take into account all the extra fees that come with buying a house [...]

POSTED ON March 13, 2002
Westpac lifts SME loan share

Westpac has increased its lending to the SME market to 21 per cent from 15.6 per cent, after two years of aggressive growth. It is [...]

POSTED ON March 12, 2002
Perth hit first in airfare spike

Perth travelers are the first to be hit by rising airfares in fallout from the Ansett collapse, with increases of up to 20 per cent [...]

POSTED ON March 11, 2002
Margin loans vs instalments

The Australian economy and many leading stocks have performed extremely well since the events of September 11. In these conditions investors may want to look [...]

POSTED ON March 11, 2002
Few points as bonus deal ends

Bonus frequent flyer points for American Express cardholders are about to be axed. From next month, people buying Qantas flights will get the standard one [...]

POSTED ON March 11, 2002
Low fares dry up says tourism industry

The Australian tourism industry is concerned that air fares are rising in the wake of Ansett's demise, despite Qantas's assurances that it would not and [...]

POSTED ON March 11, 2002
Financial reforms become law today

The Financial Services Reform Act, which comes into force today, has two important provisions: your financial adviser will have to make clear how much he [...]

POSTED ON March 11, 2002
Air marshals on Virgin; Townsville stays

Virgin Blue and the Federal Government have reached an agreement to place Commonwealth air security officers on the airline's planes. The arrangement will commence from [...]

POSTED ON March 8, 2002
Beware of median prices for your suburb

Home-owners all over the country have seen the value of their property soar in recent years. But just how big a gold mine do you [...]

POSTED ON March 7, 2002
Virgin talks with Star Alliance airlines

Virgin Blue is holding talks with several Star Alliance airlines in the wake of Ansett's demise. Star Alliance carriers such as Singapore Airlines are looking [...]

POSTED ON March 7, 2002
Aussies take lead in online banking

According to a recent Corillian International survey, Australians are among the world leaders in their use of Internet banking. The survey found that 23 per [...]

POSTED ON March 7, 2002
Cheap fares go along with Ansett

Qantas CEO Geoff Dixon said yesterday that the extra-cheap airfares offered at the height of the price war will end along with the demise of [...]

POSTED ON March 6, 2002
Nokia may admit to handset defects

Nokia Australia seems to be close to admitting that its popular 8210 mobile phone has a design fault. Nokia has consistently rejected ZDNet Australia's customers' [...]

POSTED ON March 6, 2002
2001: Great Aussie dream comes true

Home ownership became a reality for more Sydneysiders last year, with a record number of properties sold. 71,090 properties were sold in 2001 compared with [...]

POSTED ON March 6, 2002
Doing a bunk from big banks

If you're tired of complaining about the Big Four banks, have a look around for alternatives: almost 95% of their everyday products and services are [...]

POSTED ON March 6, 2002
Flexibility grows on term deposits

While mortgage borrowers enjoy low interest rates, for people on fixed incomes low rates for deposit accounts are nothing to cheer about. It pays to [...]

POSTED ON March 6, 2002
The new Coles Myer card

Late in 2001 Coles Myer replaced its customers' department store cards with "private label" credit cards, in a joint venture with US-based finance company GE [...]

POSTED ON March 6, 2002
NAB launches voice-activated ATM

National Australia Bank has launched Australia's first voice-activated ATM, in a pilot program which will assist the blind, the visually impaired and elderly customers. The [...]

POSTED ON March 6, 2002
RBA leaves rates steady – for now

The Reserve Bank has left official interest rates on hold in March at 4.25 per cent. Interest rates are however, expected to rise in coming [...]

POSTED ON March 6, 2002
Banks ‘have to run a lot harder’

Australia's regional banks are facing a challenging year ahead as the First Home Loan Grant is scaled back. A study of seven regional banks by [...]

POSTED ON March 6, 2002
Branson to keep bargain-basement fares

Sir Richard Branson is planning the expansion of Virgin Blue in Australia and has vowed to keep the fledgling airline's bargain-basement fares. Branson says that [...]

POSTED ON March 5, 2002
Qantas boss hits out at ACCC

Qantas's CEO Geoff Dixon has criticised suggestions that with the demise of Ansett, Qantas should be curtailed in any way. He says that any further [...]

POSTED ON March 5, 2002
Home Building Society vows to deliver

Home Building Society made a stunning sharemarket debut on Friday, with its $1 shares opening at $2.70, then soaring to $3.45 before closing at $2.80. [...]

POSTED ON March 5, 2002
HIA tips Victorian building boom

The Housing Industry Association has tipped record housing construction activity in Victoria for this year, continuing into 2003. Housing construction is likely to reach $4.5 [...]

POSTED ON March 5, 2002
Home loan processing costs keep tumbling

Over the past four years the cost of processing the average home loan has fallen 40 per cent, with most of the savings being passed [...]

POSTED ON March 5, 2002
Airlines’ pledge on cheap fares

Qantas and Virgin Blue say they have no immediate plans to raise air fares in the wake of Ansett's latest collapse and have also guaranteed [...]

POSTED ON March 4, 2002
New CBA margin offering

The Commonwealth Bank launched a new margin-loan offering to retail investors, in the run up to the end of the financial year. The new margin [...]

POSTED ON March 4, 2002
Air future unclear after Ansett collapse

The domestic aviation market now has an unclear future, but in the short term Virgin Blue will shoulder a bigger burden. Ansett will keep flying [...]

POSTED ON March 4, 2002
Toorak outbids Mosman in property price war

Toorak is now the most pricey suburb in Australia, edging out Sydney's Mosman for the first time with a median price of $1,402,000 compared with [...]

POSTED ON March 4, 2002
Home borrowing still strong

Reserve Bank figures released yesterday indicate that private sector credit growth is continuing to be fuelled by strong borrowing for housing. The figures show that [...]

POSTED ON March 4, 2002
Rate rise chances grow

The Reserve Bank is likely to seriously consider raising interest rates for the first time since late 2000 when it meets next week. The chances [...]

POSTED ON March 4, 2002
Ansett deal goes down to the wire

Prospective owners of the Ansett airline, Solomon Lew and Lindsay Fox's Tesna consortium, have until this morning to notify authorities that their $500-million bid will [...]

POSTED ON March 1, 2002
Choose the right credit card

At last count Australia's 9 million credit card users owed more than $20 billion on their cards. There are about 220 different card options in [...]

POSTED ON March 1, 2002
Virtual banks offer a real interest break

If you can adjust your banking habits and start using the Internet, online banks offer the best interest rates for your cash. They can do [...]

POSTED ON March 1, 2002