Almost one million Australians ditched their credit card in the 12 months to September, the Reserve Bank reported this week. 594, 289 credit card accounts [...]
POSTED ON November 15, 2019
Banks offer help to bushfire victims Wild deadly bushfires are still out of control across much of northern NSW and Queensland. New South Wales and [...]
Sydney prices have jumped up almost 20 per cent in 3 months. The latest research from AMP Capital shows the Sydney property market has grown [...]
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MEDIA RELEASE Wednesday 13 November 2019 Credit cards offer 0% on purchases to compete with Debit and Buy now, Pay later Almost one million Australians [...]
594,000 Aussies cut up their credit cards Almost one million Australians ditched their credit card in the 12 months to September, the Reserve Bank reported [...]
Judo Bank faces heavyweight fight for name A legal battle over the name Judo has erupted with business lender and term deposit provider Judo Bank [...]
There are now more than one hundred variable rate home loans for owner occupiers listed on InfoChoice with comparison rates under 3.5 per cent pa. [...]
MEDIA RELEASE Sunday 10 November 2019 Rates Update: More than 100 variable home loan rates under 3.5%*One new bank still way out in front of [...]
More than 100 variable home loans under 3.5% There are now many more than 100 variable home loan products with comparison rates under 3.5 per [...]
“First in, best dressed!” The Morrison government’s First Home Loan Deposit Scheme starts on the 1 January 2020. The government’s finance minister says the scheme [...]
Which bank gets the most complaints? Commonwealth Bank is the biggest financial institution in Australia by numbers of customers and recorded the most complaints against [...]
Australians love gifts. In fact, Aussies love giving more than receiving, according to recent research from the Financial Planning Association. 85 per cent of people [...]
More Aussies are looking into a new mortgage … The number of Australians making enquiries about applying for a new mortgage has increased for the [...]
1. Commonwealth Bank raises fees Commonwealth Bank has raised fees on cheques from $1.50 to $3. Cheques cashed at a branch will also incur a [...]
MEDIA RELEASE Tuesday 5 November 2019 The Reserve Bank of Australia has left the Official Overnight Cash Rate (OCR) unchanged at 0.75 per cent. The [...]
MEDIA RELEASE Sunday 3 November 2019 More fixed and variable home loan rates fall under 3%There are options for savers who want to beat inflation [...]
Active borrowers get rewarded with bigger rate cuts Borrowers have given themselves an extra 0.05 percentage points in home loan rate cuts by comparing rates [...]
Spring is the time for buying and improving Auction clearance rates indicate most capital city and many regional markets are turning around. Investors need to [...]
Credit cards offer plenty of benefits to smart users who stay in control of their spending and repay their debts each month. Those people get [...]
Dollarmites in trouble again Consumer lobby group CHOICE has revealed an investigation into Commonwealth Bank’s school banking program Dollarmites found the bank is marketing the [...]
Micro-investing apps make investing easy, you link your internet banking login details to the app, set up a savings/investment plan and watch your money grow, [...]
Neobank 86 400 opens with $10 cashback 86 400 is a neobank, a completely online bank based on a mobile phone app. 86 400 is [...]
First Home Buyer Deposit Scheme caps announced The Morrison government’s First Home Buyer Deposit Scheme will start on 1 January 2020. The scheme will guarantee [...]
Pension Loans Scheme rates under review Treasurer Josh Frydenberg has announced a review of the interest rates charged by Centrelink’s Pension Loans Scheme. The current [...]
MEDIA RELEASE 25 October 2019 NAB and Westpac announce new rate cuts for saversANZ Notice TD 7m 1.6% special offer is top big 4 term [...]
PayPal credit card coming soon Citi Australia has announced it will develop credit products for PayPal, the online payments and wallet company that claims eight [...]
Is Wisr a wise choice for a personal loan? Wisr is a new kind of online lender making some big waves in the Australian personal [...]
Do you need money fast? Are you looking for a quick personal loan online? InfoChoice has collected four of the fastest online lenders offering personal [...]
Bank branches are disappearing – fast Almost 10 per cent of bank branches have closed over the last two years. 16 per cent of ATMs [...]
In your 60-second financial news update this week, The Reserve Bank is not expected to cut rates again in November but is expected to cut [...]
Credit card issuers are under pressure to sign up new customers at the moment. And that has led to the proliferation of some amazingly generous [...]
Westpac Group raises LVRs for investor lending The Westpac Group has raised the maximum loan to valuation ratio allowed in interest-only investor home loans from [...]
Which is better – Afterpay or a credit card? Buy now, pay later or credit? Afterpay, Zip, Openpay, LatitudePay and other buy now, pay later [...]
Afterpay threatened by surcharges Shoppers using Afterpay, Zip, Openpay or other Buy Now, Pay Later schemes could be forced to pay a merchant surcharge to [...]
MEDIA RELEASE 20 October 2019 New online only banks are offering market-leading savings rates as the established banks and credit unions cut savings accounts and [...]
“This is terrible,” Commbank tells customers Commonwealth Bank says almost all missed payments resulting from a computer system outage last Thursday will be completed and [...]
Latitude Financial is a prominent lender in Australia with a long history specialising in consumer credit, personal loans and insurance. Latitude Financial has been in [...]
Pension day problems at Commonwealth Bank Commonwealth Bank services have been restored this morning after a major outage in core banking services affected Netbank, branches, [...]
Payday lenders turn $600 into $3K debt Loan sharks and payday lenders selling expensive small loans to vulnerable consumers often reliant on welfare and Centrelink [...]
Futures markets have priced in a 43% chance of another rate cut as soon as Melbourne Cup Day. No big bank has passed on, in [...]
MEDIA RELEASE 16 October 2019 All four big banks and many smaller banks and other institutions have passed on the full RBA October rate cut [...]
Which Sydney suburb has the highest rental yield? The average rental yield in the greater Sydney area is 2.8 per cent for houses and 3.7 [...]
Is the Facebook Libra Association dead? No Facebook Libra is not dead, in fact it’s very much alive. The Libra Association has elected a board [...]
ASIC takes aim at banks who rely on fine print Product disclosures contained in ‘fine print’ at the bottom of advertisements and promotions for financial [...]
Less than one year after the Royal Commission into Financial Services, the big banks and other mortgage lenders face a new government inquiry. Today the [...]
MEDIA RELEASE 10 October 2019 There are now 16 five-year fixed rate home loan products with advertised rates under 3 per cent pa listed on [...]
Is Facebook Libra falling apart? eBay, Visa, Mastercard and Stripe have joined PayPal in exiting the Facebook Libra coalition. There are now just two payments [...]
Balance transfer credit cards give you the opportunity to make real inroads into hard-to-shift consumer debt. By giving you a long honeymoon period with no, [...]
Millions of Aussies are switching banks 2.8 million Australians switched to new banks or financial providers for their home loans, credit cards and transaction accounts in the [...]
CommBank cuts fixed rates under 3% From today, Commonwealth Bank’s advertised 2 and 3 year (OO, P&I) fixed rates in the “Wealth Package” have been [...]
MEDIA RELEASE 10 October 2019 Despite ACCC chair Rod Sims’ recent criticism of the bank practice of charging higher rates to loyal existing borrowers than [...]
Children’s savings accounts are in the news at the moment, mostly because of controversy surrounding the Commonwealth Bank’s school banking program, Dollarmites. In 2018, the [...]
What are interest rates around the world? In 2019, interest rates around the world are trending lower. Since the Global Financial Crisis in 2008, many [...]
ANZ to pay more compo to customers ANZ Bank will pay remediation costs of $559 million to customers who have been charged fees wrongly on [...]
Commonwealth Bank wants to hear from customers Commonwealth Bank is sending 8.5 million letters to its customers today inviting them to participate in a customer [...]
Are you looking for Australia’s lowest mortgage interest rate? One lender is consistently one of the cheapest lenders in Australia. Comparing home loans can be [...]
More lenders cut home loan rates More lenders are announcing rate cuts following the RBA’s October rate cut of 0.25 percentage points on Tuesday. P&N [...]
Government tells borrowers – vote with your feet The treasurer Josh Frydenberg has again slammed banks for not passing on the full amount of the [...]
Athena Home Loans like to deliver savings When the Reserve Bank of Australia announced a 0.25 percentage point rate cut this week, the first lender [...]
Scott Morrison says banks are ‘profiteering’ The Prime Minister Scott Morrison has slammed the big four banks for not passing on the RBA’s October rate [...]
MEDIA RELEASE 2 October 2019 The big banks have defied the treasurer Josh Frydenberg and NOT passed through the entire 0.25% RBA rate cut to [...]
Around 100,000 owner-occupier home loan borrowers have been reclassified as investors. The change means they could be hit with higher interest rates in the future. [...]
Owner occupier rule change hits 100,000 borrowers Around 100,000 Australian home loan borrowers could be hit with interest rate increases on owner occupier mortgages after [...]
MEDIA RELEASE 1 October 2019R FIRST LENDER PASSES ON FULL RBA RATE CUT The Reserve Bank of Australia board today cut the overnight cash rate [...]
Sydney property prices are rising – at last After two years of falling home values, Sydney house prices are now rising again as buyer activity [...]
MEDIA RELEASE 30 September 2019 PLENTY OF SCHOOL SAVERS OUTPERFORM COMMBANK ASIC’s announcement of a review into the school banking sector is already attracting attention [...]
RBA expected to cut rates on Tuesday The Reserve Bank of Australia is expected to cut official interest rates this week, bringing the leading home [...]
Sydney no longer Australia’s most expensive housing market Sydney has lost its title as Australia’s most expensive city for homes to Byron Bay, population 30,000. [...]
Big banks cut savings rates ANZ Bank has cut savings account interest rates by 0.10 per cent. Westpac announced a cut of 0.10 per cent [...]
What is cardless cash? Cardless cash means withdrawing cash from an ATM without a card. Spoiler alert – it’s done with your mobile phone. It’s [...]
If you’ve been wondering about balance transfers and whether one would work for you, find out more about it all in this, your guide to [...]
New monthly premium LMI launched Big lenders mortgage insurance provider Genworth announced the launch of a new LMI product not requiring the premium to be [...]
The Australian Government guarantees deposits, up to $250,000, that are held in Authorised Deposit-taking Institutions (ADIs)– also known as banks and credit unions. The government [...]
What is a ‘community bank?’ Bendigo and Adelaide Bank has lost its exclusive right to brand itself as a community bank following a ruling in [...]
Morrison government moves to limit cash The Morrison government has introduced a new bill to parliament to ban business cash transactions of $10,000 or more. [...]
Xinja Bank is a new kind of bank that is not yet fully operational. In the next few months Xinja will launch new accounts and [...]
What is a guarantor home loan and how does it work? Quite simply, a guarantor home loan is one that has a portion of the [...]
Property prices in Australian capital cities has been falling since 2017. Many home buyers and investors have been sitting on the sidelines, waiting to see [...]
What are the odds of winning Powerball? The Powerball jackpot this week is the biggest in Australian history at $150 million and one in three [...]
The Powerball jackpot this week is the biggest in Australian history at $150 million. One in three Aussie adults is expected to play this week's [...]
Open banking is finally here in Australia, thanks to Scott Morrison, who saw how well it worked in the UK. You’ll be able to control [...]
ING Savings Maximiser cuts maximum interest rate ING Australia have announced to their customers that the Savings Maximiser bonus rate is being cut from today, [...]
Borrowers switching to Principal & Interest Home loan borrowers are ditching interest-only loans as they look to reduce mortgage debt in the current low rate [...]
ALL small business owners are on the hunt for a business loan, whether that is actively looking and applying, keeping an eye on the market [...]
House prices are rising again The property downturn is over and house prices are set to surge up to 10 per cent in the next [...]
MEDIA RELEASE 15 September 2019 There are now ninety-seven – 97 – home loans with advertised rates under 3 per cent pa, including 96 for [...]
New ‘secret shopper’ research reveals what each big bank is prepared to lend – and the answers will SHOCK you. In fact, the differences right [...]
First Home Buyer Loan Deposit Scheme is coming soon The First Home Loan Deposit Scheme legislation will be introduced to parliament today to enable the [...]
CURRENCY CONVERSION RIP-OFF Big banks under sustained fire from regulators The big four banks and AMP Bank face 86 royal commission related investigations plus 59 [...]
ASIC appeals “Wagyu and Shiraz” ruling The corporate watchdog, the Australian Securities and Investments Commission, has lodged an appeal against a Federal Court decision in [...]
All Centrelink payments get paid as cash into bank accounts as a right of every Australian. Until now. Since the Howard government, remote communities have [...]
Westpac announces amazing new low rates and first major regional bank goes under 3%* Westpac slashes home loan rates by up to 1.30%. Westpac has [...]
Westpac takes axe to home loan rates Westpac has entered the home loan rate cutting war by announcing some extraordinary low rates for first home [...]
Your personal loan is a means to an end. Your way of achieving your dream – of a new (or used) car, a holiday, paying [...]
…. and how to get the best home loan deal ‘I want the best home loan’ By Jason Bryce Low interest rate, low fees, fixed rate, variable [...]
Points rewards schemes are hard to understand 90 per cent of Australian consumers are members of at least one loyalty scheme. The average Aussie has [...]
In-store credit and personal loan specialist, Latitude Financial has launched a new Buy Now, Pay Later service called LatitudePay which can be used at 195 [...]
By Richard Holdcroft With the lowest home loan interest rates in history now on offer, there are potentially huge savings to be had on your mortgage. Thanks [...]
Sydney and Melbourne lead home price turnaround Average home prices in Australian capital cities rose during August, for the first time since August 2017, according [...]
MEDIA RELEASE 3 September 2019 Four-year fixed rates go under 3% The Reserve Bank of Australia board has left the official overnight cash rate (OCR) [...]