Get a better home loan this weekend

You can a better home loan with a better rate, fees and features this weekend with InfoChoice to assist you. InfoChoice lists 1800 home loans [...]

POSTED ON February 14, 2020
Which bank has the best term deposit rates?

If you’re thinking about opening a term deposit account to help you to achieve your savings goals then it’s important that you choose and open [...]

POSTED ON September 30, 2019
RBA places rates on hold

Financial markets had predicted an interest rate cut of either 0.25 or 0.50 per cent, but at today's RBA Announcement Meeting the Reserve Bank of [...]

POSTED ON March 3, 2009
NAB to open new business banks

National Australia Bank is looking for sites around Australia to open as many as 12 new business banking centres this year. And the bank has [...]

POSTED ON March 3, 2009
Time to get to know your free ATMs

Customers will need to know how to locate free ATMs after changes to ATM charging start tomorrow says the Australian Bankers Association. If customers use [...]

POSTED ON March 2, 2009
ATM fees: Do you wish to continue?

From tomorrow ATMs not owned by the card holder's bank will display a message before a withdrawal transaction is completed. "The owner of this terminal [...]

POSTED ON March 2, 2009
Sydney hope amid auction doom and gloom

Sydney auction results continue to show small incremental improvement. The clearance rate was up one per cent to 63 per cent after 183 properties were [...]

POSTED ON March 2, 2009
Rich retirees to pay for pension boost

One million people currently receiving a part age pension will have their payments reduced to pay for an increase in the basic rate of age [...]

POSTED ON February 27, 2009
Finance company to pay fine

The Victorian Civil and Administrative Tribunal ordered Australian Finance Direct to pay a fine of $100,000 after breaching the consumer credit code. AFD agreed to [...]

POSTED ON February 27, 2009
St. George cuts fixed rate loans

St. George Bank has cut its fixed interest rate home loans by up to 0.5 per cent. The St George 3 year Fixed Rate is [...]

POSTED ON February 26, 2009
Unclear definition on what constitutes a recession

Many people often pose the question of whether Australia can weather this market downturn and avoid going into recession, however given the mixed interpretations economists [...]

POSTED ON February 26, 2009
Housing market set for a gloomy year

The construction industry will face a tough year ahead, according to the Housing Industry Associations national outlook. 132,190 homes are expected to be constructed for [...]

POSTED ON February 26, 2009
Crackdown on small ASX listed companies

As the deadline for half-year reporting draws nearer for many small Australian Securities Exchange-listed companies, there are growing concerns that a significant number of businesses [...]

POSTED ON February 26, 2009
RHG milks profits with high rates

RHG, the former Rams Home Loan Group, has reported a $69 million profit for the half year to December from its declining mortgage portfolio. RHG [...]

POSTED ON February 26, 2009
PayPal told to freeze fees

PayPal will freeze fee for merchants trading through the eBay Australia website for a period of two years, the Reserve Bank of Australia disclosed yesterday [...]

POSTED ON February 25, 2009
No more big rate cuts

The Reserve Bank governor has signalled that the central bank may wait and see the impact of recent rate cuts before making any new big [...]

POSTED ON February 24, 2009
ANZ offers share fund to online savers

The ANZ Online Investment Account is a managed fund investing in the top 200 companies that works like an online savings account. Aimed at the [...]

POSTED ON February 24, 2009
ANZ wants to lend more to small business

ANZ has announced it will increase lending to small and medium businesses by $8 billion, equal to the total amount of new lending to SME's [...]

POSTED ON February 24, 2009
Depositors face new ATM fees

At present a typical consumer faces the chance that 75 per cent or more of ATMs they might want to use belongs to someone else, [...]

POSTED ON February 24, 2009
ATM fee free networks emerge

Westpac, Cashcard and credit union and building societies are striking agreements with owners of small ATM fleets - mainly small banks - and working out [...]

POSTED ON February 24, 2009
Package up for a five per cent mortgage

Banks and other lenders are said to be offering sub five per cent loans as part of package deals for big loans. The InfoChoice benchmark [...]

POSTED ON February 20, 2009
Deposits up 70 per cent at AMP

AMP Bank more than doubled its profit in the year to December 2008, contributing $21 million to the profit of AMP, the wealth management and [...]

POSTED ON February 20, 2009
Centrelink hoax email scam warning

Minister for Human Services, Senator Joe Ludwig, today warned the Australian community to be on the lookout for a hoax email seeking personal information. The [...]

POSTED ON February 20, 2009
Tax office says pay the builder now

The tax commissioner Michael D'Ascenzo issued two taxpayer alerts covering arrangements where a land owner delays paying or invoicing for construction services in an attempt [...]

POSTED ON February 19, 2009
Half per cent rate cut for March

Market expectations of a 0.5 per cent rate cut firmed yesterday to a 100 per cent certainty after the release of the Reserve bank Board [...]

POSTED ON February 18, 2009
Housing getting affordable again

Big cuts in interest rates and the boost to the First Home Owners Grant pushed housing affordability conditions to the best level in five years, [...]

POSTED ON February 17, 2009
ATO says no receipts needed for small donations

The Tax Office announced a practical approach to ensure those donating to help the victims of the Victorian bushfires and Northern Queensland floods can do [...]

POSTED ON February 17, 2009
$5 ATM fees coming

NAB, Westpac, ANZ and St George have all confirmed that they will be charging customers who use ATMs owned by their competitors a 'disloyalty' fee. [...]

POSTED ON February 16, 2009
Smart borrowers can save $130,000

Borrowers can save thousands of dollars and many years from the life of their mortgage by maintaining existing repayments as rates fall, setting up a [...]

POSTED ON February 16, 2009
Small debts cripple the unemployed

Even small amounts of debt is financially crippling people says a St Vincent De Paul charity centre manager. An inability to handle money is common [...]

POSTED ON February 13, 2009
Depositors seek safety in majors

Commonwealth Bank, Westpac, ANZ and NAB and St George all increased their deposits in the last few months according to the Australian Prudential Regulation Authority. [...]

POSTED ON February 12, 2009
Commonwealth open for home loan business

The Commonwealth Bank home loan book was up 23 per cent, from $204 to $250 billion over the first half of the financial year, and [...]

POSTED ON February 12, 2009
Margin lending declines at Commonwealth

Commonwealth Bank's margin lending business has plunged from $8 billion to $5.5 billion in six months, though this is in line with the decline in [...]

POSTED ON February 12, 2009
ME Bank bucks the trend of rate cuts

Members Equity Bank has gone against the trend of passing on the full 1.00 per cent cut in mortgage rates, by only offering a 0.75 [...]

POSTED ON February 11, 2009
No receipt needed for small donations

The Tax Office today announced a practical approach to ensure those donating to help the victims of the Victorian bushfires and Northern Queensland floods can [...]

POSTED ON February 11, 2009
Commercial borrowers pay more, wait longer

Commercial borrowers are unlikely to get relief from falling interest rates any time soon, a finance company director said yesterday. Paul McCarthy, a director of [...]

POSTED ON February 11, 2009
ATM fees to go up

ATM fees will rise under the new direct charging regime to be introduced by the RBA in March. CashCard, the biggest independent ATM fleet operator [...]

POSTED ON February 10, 2009
Fire victims can get help from their bank

ANZ Bank has announced it will give its customer's whose homes have been destroyed in the Vctorian bushfires a $10,000 cash grant. $5,000 will be [...]

POSTED ON February 9, 2009
Business urged to blow whistle on harsh banks

Viable businesses that feel they have been treated "harshly and unfairly" by their bank should contact the government says the treasurer Wayne Swan. Banks are [...]

POSTED ON February 9, 2009
ANZ warns of new Trojan virus

ANZ is warning its customers about a Trojan virus that creates a fake "personal details form" that appears to customers after they log on to [...]

POSTED ON February 6, 2009
BankWest & St George customers unhappy

Almost one quarter of all BankWest customers and St George customers report that they are less satisfied with their bank since it has been taken [...]

POSTED ON February 5, 2009
Beware Visa, MasterCard tax refund offers

The Tax Office is warning people about another email scam being circulated that claims to offer a refund from the Tax Office. The email asks [...]

POSTED ON February 5, 2009
Depositors struggle to get five per cent

Retirees dependent upon their savings and people saving for home deposit are the big losers from the yesterday's interest rate decision to cut one per [...]

POSTED ON February 4, 2009
Westpac commits to 100 basis point cut

Following today's RBA announcement to shed 100 basis points off the cash rate, to 3.25 per cent, Westpac has jumped the wagon and become the [...]

POSTED ON February 3, 2009
CBA, ANZ toughest on business rate cuts

Small business has received average rate cuts of just 1.8 per cent since the Reserve bank began cutting interest rates in September. The RBA has [...]

POSTED ON February 2, 2009
Deposits way up at ME, Investec, MacBank

Investec, Members Equity Bank and Macquarie achieved strongest growth in household deposits in the three month to December 31 according to figures published by banking [...]

POSTED ON February 2, 2009
Tax breaks for super favour the wealthy

The Treasury yesterday released figures on the amount of tax concessions handed out by the federal government in 2007-2008. Superannuation was the biggest beneficiary accounting [...]

POSTED ON January 30, 2009
NAB defies RBA on ATM fees

National Australia Bank has announced that it will continue to charge its customers a fee for using ATMs owned and operated by its competitors after [...]

POSTED ON January 30, 2009
Rates down to 2 per cent by June

Investors trading on the Sydney Futures Exchange yesterday estimated the chances of a 1.0 per cent rate cut next week by the Reserve Bank at [...]

POSTED ON January 30, 2009
Consumers to pocket more savings

With many economists tipping a rate cut of at least 0.75 percentage points in next Tuesday's Reserve Bank's Board Meeting, borrowers with a $400,000 mortgage [...]

POSTED ON January 29, 2009
Victoran credit unions merge

mecu Ltd yesterday said it was in merger discussions with Bendigo-based RegionalOne Credit Union. mecu ranks as the ninth-largest credit union in Australia, according to [...]

POSTED ON January 28, 2009
More govt handouts to come next month

The federal government is expected to deliver a second big economic stimulus package as early as next month in response to the growing global financial [...]

POSTED ON January 28, 2009
Real estate industry “duping” young buyers

The real estate industry is overstating the rental crisis in a bid to lure investors into the market to purchase properties and to encourage renters [...]

POSTED ON January 27, 2009
Depositors shop around for six per cent

Term deposit rates have halved in the last six months from more than 8 per cent. Online savings accounts are paying up to six per [...]

POSTED ON January 27, 2009
Business turns on banks

The latest TNS Business Banking Customer Satisfaction Report, published yesterday, shows a significant drop in business support for banks. Over the six months to December [...]

POSTED ON January 22, 2009
Banks fear profit season selling

Australian banks have been hit hard by selling on share markets and have lost about seven per cent this week. The banks have lobbied the [...]

POSTED ON January 22, 2009
Headline inflation figures plummet

A significant decrease in the latest TD Securities-Melbourne Institute inflation gauge to its lowest levels in more than three years has increased the possibility for [...]

POSTED ON January 21, 2009
Health funds facing a critical shortfall

The Private Health Insurance Administration Council says health funds will have to raise premiums substantially in April to avoid losses. Last year, the funds posted [...]

POSTED ON January 27, 2004
Home eyes regional bank status

Home Building Society is aiming to become a regional bank within three to five years as part of an aggressive expansion program. Home CEO David [...]

POSTED ON January 27, 2004
Share tip sheets beat the market

An academic study has found that four high-profile share tip sheets have beaten the market by an average of 7 per cent. The top tipster [...]

POSTED ON January 23, 2004
Fixed-rate fall reopens lock-in window

After steadily rising over the last half of 2003, home loan fixed rates have edged down in January giving borrowers some breathing space on decisions [...]

POSTED ON January 23, 2004
Online brokers target full-service rivals

Online brokers will target full-service brokers this year rather than try to dent the market share of the main player, CommSec. E*Trade's MD Brett Spork [...]

POSTED ON January 22, 2004
Loan brokers forced to disclose kickbacks

Mortgage brokers will be required to reveal soft dollar commissions in New South Wales under legislation to come into effect this year. Consumer groups have [...]

POSTED ON January 21, 2004
Homebuyers lock in fixed rate loans

Record numbers of homebuyers have opted for fixed-interest home loans since the Reserve Bank began raising interest rates. In November, 15.2 per cent of the [...]

POSTED ON January 20, 2004
Card rewards soaring

A study by BIS Shrapnel for Virgin Money shows the cost to consumers of major credit card reward programs has soared over the past couple [...]

POSTED ON January 20, 2004
Kaye cronies spread interstate

Dodgy property investment schemes that have flourished in Western Australia, South Australia and Queensland are now operating in Melbourne. They're believed to be run by [...]

POSTED ON January 20, 2004
ATM fees furore in the bush

The Australian Consumers' Association says rural bank customers may soon be charged up to $12 each time they use a "foreign" ATM. The fee hikes [...]

POSTED ON January 19, 2004
ATM fees may be higher in the bush

A federal committee has given qualified approval to proposed changes in ATM fees but said these should not necessarily lead to higher charges in country [...]

POSTED ON January 16, 2004
Banks told to lift game on bush closures

Australia's banks have been warned on branch closures in rural and regional areas by a federal parliamentary committee looking into banking in the bush. Such [...]

POSTED ON January 16, 2004
Buyback tax protest spreads

The Australian Taxation Office's revised determination on share buybacks has come in for criticism from shareholder groups and some of the nation's largest companies. The [...]

POSTED ON January 16, 2004
Next rate rise sooner, not later

We're on course for another 0.25 percentage point rise in official interest rates, likely in February, March at the latest. The domestic economy continues to [...]

POSTED ON January 16, 2004
NAB hit by rogue currency trades

Four National Australia Bank foreign currency dealers are facing investigation after attempting to cover up a series of disastrous moves against the $AUD and $NZ [...]

POSTED ON January 14, 2004
NAB accused of card interest grab

National Australia Bank has been labelled "irresponsible" over its advice to credit card holders not to pay their monthly accounts. The bank wrote to thousands [...]

POSTED ON January 14, 2004
Revitalised LPTs look for growth

Listed property trusts have been through a hectic couple of years during which their numbers have more than halved to 26. The sector went through [...]

POSTED ON January 12, 2004
Coles Myer may ditch Diners card

Diners Club is in last-ditch talks with Coles Myer which has threatened to dump the card's acceptance at its major outlets. The retailer was seeking [...]

POSTED ON January 12, 2004
New Kaye deal worse for creditors

The revised deed of company arrangement to prevent Henry Kaye's National Investment Institute from falling into liquidation significantly reduces the funds available to NII creditors. [...]

POSTED ON January 9, 2004
New scam fleeces Internet bank accounts

An international scam is targeting the internet banking customers of major Australian banks, siphoning off savings from accounts with their holders unaware. The scam, more [...]

POSTED ON January 9, 2004
RBA to resume rates hike in 2004

Little has emerged over the Christmas-New Year period to dampen the prospects of a third rise in official interest rates next month. November economic data [...]

POSTED ON January 9, 2004
Fund managers tip shares for 2004

Shares as the preferred asset class for 2004, according to a group of fund manager chief investment officers interviewed by the Australian Financial Review. They [...]

POSTED ON January 7, 2004
ASIC keeps close eye on prospectuses

The Australian Securities and Investments Commission has issued temporary stop orders over the past six months to 17 companies aiming to list on the Australian [...]

POSTED ON January 6, 2004
ASX hits record $56bn in October

Share trading on the Australian Stock Exchange hit a new monthly record in October 2003 of $56 billion. October was also the second highest month [...]

POSTED ON January 6, 2004
Howard refuses to regulate property spruikers

The Prime Minister has rejected calls for the property investment industry to be regulated by the Federal Government despite hundreds of complaints to consumer authorities [...]

POSTED ON January 5, 2004
Tax slug lurks for investors

Thousands of property investors may not qualify for capital gains and negative gearing tax concessions if their investments were made with the objective of quick [...]

POSTED ON January 5, 2004
More women making loan decisions

More women are becoming the home-loan decision makers in households and they are twice as likely to seek advice from friends and family than men, [...]

POSTED ON January 5, 2004
Banks miss deadline for ATM fees

A finance industry group will miss the Reserve Bank's deadline to deliver a blueprint for the reform of ATM fees to the Australian Competition and [...]

POSTED ON December 19, 2003
Westpac vow on Eftpos fees

Westpac has pledged to cut its excess transaction charges if retailers drop their opposition to EFTPOS interchange fee reforms. The bank said it would cut [...]

POSTED ON December 19, 2003
States say no stamp duty cuts

The states have rebuffed one of the main recommendations of the Productivity Commission inquiry into first home affordability. The commission recommended that state stamp duties [...]

POSTED ON December 19, 2003
New Year to reveal rate secrets

A third successive 0.25 per cent official interest rate rise still appears a distinct possibility when the Reserve Bank board next meets in early February. [...]

POSTED ON December 19, 2003
Resi offers online loan applications

Resi Mortgage Corporation is the latest lender to put the home loan application process online, including first-stage approval. As part of a website revamp, RESI [...]

POSTED ON December 18, 2003