Guide to Refinancing under mortgage stress

If you want to find out how to refinance your home loan while under mortgage stress, then you are dealing with debts and repayments that [...]

POSTED ON March 2, 2020
How to get a basic fee-free bank account

An everyday transaction banking account is a basic necessary tool of modern life. Australian banks have recently committed to strengthening the protections for Aussies who [...]

POSTED ON November 22, 2019
Which savings account is right for me?

Savings accounts are NOT all simple, straightforward products that are basically pretty much all the same. Each savings account has its own terms and conditions, [...]

POSTED ON June 19, 2019
Another 0.25% Rate Rise

Following a decision by the RBA Board at its meeting yesterday, the Bank has operated in the money market this morning to raise the cash [...]

POSTED ON April 19, 2000
Aussie Home Loans launch Aussie Asset Power

Last November, Aussie Home Loans Chief Executive and founder, Mr. John Symonds forecast a big shakeout of the non-bank mortgage lending market. A key element [...]

POSTED ON April 19, 2000
TD Waterhouse joins the discount party

From Monday 17 April, TD Waterhouse will be offering online trading up to $10,000 at $14.95, matching Comsec in this trading range. This rate applies [...]

POSTED ON April 17, 2000
Westpac jumps into the discounting lead

Westpac has leapfrogged Comsec and Quicken in the discount trading war, offering online trading up to $15,000 for $15 in brokerage. This rate is to [...]

POSTED ON April 17, 2000
Applying for a loan: The criteria

In assessing any loan application, alternative lenders do not rely on the computerised credit scoring methods now widely in place among mainstream lenders. Lenders in [...]

POSTED ON April 17, 2000
NAB revises charges for business customers

National Australia Bank announced increases to charges for over-the-counter business transactions which it says reflect the cost of providing this type of service. Deposit transactions [...]

POSTED ON April 13, 2000
Rate your Online broker – Survey results

We’ve received a positive response from our first online survey in which visitors have been asked to rate their online broker. According to respondents online [...]

POSTED ON April 7, 2000
Greenspan lifts rates in U.S. 0.25%

For the fifth time since June last year the chairman of the US Federal Open Market Committee, Dr Alan Greenspan has increased official cash rates [...]

POSTED ON April 5, 2000
Survey results: Online Trader Profile

Trader Profile – Survey results Investors were asked to complete a profile in terms of how many times they traded each month, the average dollar [...]

POSTED ON April 4, 2000
Comsec reduces online trading fee to $14.95

Comsec has immediately struck back at Westpac by offering online trading at $14.95 via its Commonwealth Direct Investment Account (CDIA). Key differences in these offers [...]

POSTED ON April 1, 2000
Westpac jumps into the discounting lead

Westpac has leapfrogged Comsec and Quicken in the discount trading war, offering online trading up to $15,000 for $15 in brokerage. This rate is to [...]

POSTED ON March 31, 2000
RESI Home Loans offer ‘Clean Start Loan’

A new innovative product, ‘Clean Start Loan’, is now available from RESI Home Loans. The RESI Home Loans Group recently formed RESI Business Division to [...]

POSTED ON March 31, 2000
AMP launches new deposit accounts

The recent launch of AMP Banking’s Investment Account and Cash Management Account offers AMP customers higher interest rates, greater flexibility and savings on bank fees. [...]

POSTED ON March 31, 2000
Brokerchoice makes comparing easy

Market faxts Ltd [MFL.AX] today added to the stable of its InfoChoice brand comparison shopping sites, launching to capitalise on the growing demand for [...]

POSTED ON March 30, 2000
Lights are dim in the bush

Recent comments by the Prime Minster, Mr John Howard, on the supply of products and services through traditional branch networks seem to have the banks [...]

POSTED ON March 24, 2000
AMP extends services to online trading

AMP has stated that it will launch its online share trading service ‘in the next few weeks’. AMP plan to outsource the back end processing [...]

POSTED ON March 21, 2000
Retail sales figures not a cause for alarm

The release of retail sales figures by the Australian Bureau of Statistics for January caught many people by surprise this week but also proved that [...]

POSTED ON March 21, 2000
Profits and strategies emerge for rural bankers

Emerging triumphant amongst recent debate and government rhetoric on rural banking services is rural and community banking specialist Bendigo Bank which has announced a net [...]

POSTED ON March 17, 2000
Daytrader Defined – US Style

What is a daytrader? The term has been thrown around to the point where no one bothers to lay out its meaning. It's also become [...]

POSTED ON March 16, 2000
Margin of Error

There are severe risks attached to margin loans, so tread carefully. One of the products that has been heavily pushed by lenders in the past [...]

POSTED ON March 15, 2000
Barton Capital to spin off eStar

As reported in the Australian Financial Review today, Barton Capital is to float its online broking platform eStar. Neville Wran, former Premier and currently a [...]

POSTED ON March 8, 2000
Consumer banking survey makes interesting reading

The Australian Bankers Association (ABA) last week responded to ‘Consuming Interest’ - a survey which sought to pin down the attitudes of bank customers towards [...]

POSTED ON March 3, 2000
Autobytel Australia, a US based automotive ecommerce provider and St.George Bank have announced another five joint partners to be involved in the formation of Autobytel Australia. [...]

POSTED ON March 3, 2000
Exciting life on the margins

Margin lending can mean boom or bust, so watch out for the pitfalls, writes Craig Binnie WANT to get rich quick? Then get into margin [...]

POSTED ON March 1, 2000
Bourse Data pursues a broad trading strategy

In an example of the technology age overtaking all predecessors, Bourse Data has acquired the full service broker Falkiners Stockbroking. Falkiners Stockbroking was the underwriter [...]

POSTED ON March 1, 2000
Who are ‘non-conforming’ loans for?

There is a growing number of finance providers making credit available to borrowers who cannot secure finance in the conventional way, that is, by meeting [...]

POSTED ON March 1, 2000
Online brokers: Partnering with Portals

This week’s announcement that Etrade and News Corp will partner comes after the Macquarie Bank and F2 joint venture and the Comsec NineMSN alliance that [...]

POSTED ON February 28, 2000
Members Equity

AXA Australia and Industry Funds Services, who announced a new joint venture late last year have now unveiled its new name and Board of Directors. [...]

POSTED ON February 25, 2000
Mobile banking is closer than you think

Over the last two months there's been a lot of talk about the latest technology in mobile communications, WAP (Wireless Application Protocol). Optus made it [...]

POSTED ON February 25, 2000
Check Out Rate Movements

With this weeks rate RBA hike all interest now turns to lending and deposits gathering institutions and how much and when they'll be moving up [...]

POSTED ON February 25, 2000
RBA Lifts Rates By 0.5%

Following a decision by the Board at Tuesday’s meeting the RBA has acted in the money market to increase the cash rate by 0.50% to [...]

POSTED ON February 21, 2000
The NAB trades online to complete the four

The National Australia Bank has announced an alliance with Sanford Securities to offer an online broking service (National Online Trading), being the last of the [...]

POSTED ON February 17, 2000
Interest payments are on the rise

Data released over the weekend from the United States central bank showing that the economy was growing at 6 per cent has heightened the possibility [...]

POSTED ON February 17, 2000
Competition heats up for mortgage processors

The Australian Financial Review has made an interesting observation following the announcement that HomeSide, National Australia Banks US based third party home loan processor,is to [...]

POSTED ON February 16, 2000
National announces quarterly profits

National Australia Bank is the first of the four major banks to announce profits this week, with a $771 net profit for the three months [...]

POSTED ON February 16, 2000
Australia now # 1 in share ownership

A survey released by the Australian Stock Exchange shows that during the past year the number of share owning Australians increased by 1.3 million to [...]

POSTED ON February 15, 2000
CBA scores credit card deal with GE Capital

The Commonwealth Bank’s extensive branch network and business card track record has won it a lucrative contract with global financial services provider GE Capital. The [...]

POSTED ON February 10, 2000
Interest Rates – Much ado about something

Unemployment figures released yesterday reinforced the current popular view that the Australian economy is now performing to the point where the question of a rate [...]

POSTED ON February 1, 2000
Looking into the crystal ball for 2000

The year 2000 has got off to a nervous start in the market place with investors taking last years profits and fear of another interest [...]

POSTED ON January 28, 2000
Etrade’s bumper December quarter

Etrade’s aggressive marketing campaign has resulted in an increase in its customer base of 32 per cent in the December quarter to 34,000. Brokerage revenue [...]

POSTED ON January 25, 2000
Westpac launches online broking service

Westpac Banking Coporation today officially launches its online broking service, Westpac Broking. The new service executes share trades over the internet at a flat rate [...]

POSTED ON January 20, 2000
Credit Card Hangover

If you’ve woken up groggy from too much Christmas cheer, remember that your credit card “hangover” is yet to hit you. The total owing on [...]

POSTED ON January 19, 2000
AMP Guarantees To Undercut Mortgage Rates

AMP Banking promises a better than average deal to undercut its major competitors in the home lending market by at least 10 basis points on [...]

POSTED ON January 18, 2000
Sharetrade experiments with the real world

Sharetrade, the online broking arm of ecorp, has opened a physical shop front two doors from the Australian Stock Exchange building in Collins Street, Melbourne. [...]

POSTED ON January 6, 2000
Closure of Market faxts Limited Share Offer

Market faxts Limited announced that it has closed its $10m IPO heavily oversubscribed and ahead of schedule. The fully underwritten issue, with HSBC and Deutsche [...]

POSTED ON January 5, 2000
A MobileBank?

The Commonwealth Bank may become the first to launch a mobile phone banking service called MobileBank based on short message service technology using a new [...]

POSTED ON December 25, 1999
Economic numbers add up to a February rate rise

As expected The Reserve Bank of Australia did not raise interest rates following its regular monthly meeting on Wednesday, which had a positive effect on [...]

POSTED ON December 23, 1999
Collins Securities Purchases Heine Loan Book

After weeks of speculation, Managing Director, Rob Emmett confirmed this week that Collins Securities Mortgage Managers has purchased the Heine Home Loan portfolio from ING [...]

POSTED ON December 17, 1999
Sharetrade experiments with the physical world

Sharetrade, the online broking arm of ecorp, has opened a physical shop front two doors from the Australian Stock Exchange building in Collins Street, Melbourne. [...]

POSTED ON December 15, 1999
Bass & Equitable achieves a strong result

In another year of strong competition in the financial services sector, Bass & Equitable Building Society Ltd recorded a healthy operating result for the 1999 [...]

POSTED ON December 15, 1999
Market faxts Ltd Company Float

Market faxts Ltd, producers of current websites,,, and, has issued a prospectus dated 23 November 1999 which was registered with ASIC [...]

POSTED ON December 15, 1999
Comsec aims to provide full service broking

Commonwealth Securities (Comsec), Australia’s largest online broker, is looking to launch an online equities and advisory service targeting corporate clients by leveraging off its retail [...]

POSTED ON December 10, 1999
Ezy Banking proves a drawcard

Commonwealth Bank of Australia said customer numbers and the number of new account openings through its supermarket banking alliance with Woolworths has already exceeded expectations. [...]

POSTED ON December 10, 1999
JB Were & Son Gold Card

JB Were & Son and National Australia Bank have launched the JB Were & Son Visa Gold Card, effectively providing Were clients with the ability [...]

POSTED ON December 3, 1999
US Rates Up 0.25%

The US Fed has decided to raise official interest rates by 0.25% to 5.50% on the back of growth approaching 5% and unemployment at a [...]

POSTED ON December 3, 1999
Time to rethink loan repayment strategies

Following the increase in official cash rates by the Reserve Bank of Australia (RBA) last week, most lenders have followed the lead of the big [...]

POSTED ON November 30, 1999
RBA Report – Growth To Continue

The RBA has released its semi annual statement on monetary policy with a theme of continued growth both domestically and globally and inflation, excluding any [...]

POSTED ON November 26, 1999
RBA Lifts Rates 0.25% – Banks Follow Suit

As predicted by all and sundry the RBA moved to lift official rates by 0.25%. The announcement came on Wednesday morning following the RBA meeting [...]

POSTED ON November 26, 1999
New HSBC Personal Banking Package

HSBC Bank Australia Ltd has introduced Power Vantage, a flexible package of products and services featuring day to day banking, investment and lending solutions for [...]

POSTED ON November 25, 1999
10% of ASX trades now made over the internet.

Online brokers have estimated that they now carry 10% of all market trades on the Australian Stock Exchange (ASX). Based upon previous estimates this represents [...]

POSTED ON November 24, 1999
ASIC looks to extend Insider Trading Laws to broke

ASIC’s traditional interpretation of the insider trading rules, that you can’t trade in securities if you possess price sensitive information that is not generally known, [...]

POSTED ON November 21, 1999
User Pays – with a twist

We’ve all heard and felt the effects of the user pays principle, especially when it comes to banks and banking services. Over the past few [...]

POSTED ON November 18, 1999
Short Odds for Cup Day Rate Rise

The strongest indication the RBA’s collective thought process was provided by Ian Macfarlane last night in a speech outlining monetary policy. Citing the need to [...]

POSTED ON November 18, 1999
US Markets Relax, – Maybe Too Soon

The US markets recovered overnight following the release of CPI inflation figures which seemed to dispel the fears created last week by the PPI. The [...]

POSTED ON November 10, 1999
Westpac looks to future

Any declaration by a bank to cut its staff levels and reduce branches is never well received by the media or general public and debate [...]

POSTED ON November 5, 1999
AMP sticks with banking strategy

AMP Ltd is slowly making headway in the banking game. In the five months since going public, it has some noteworthy achievements. It now has [...]

POSTED ON October 29, 1999
New Credit Card – clearChoice

Yet another credit card has been released with the announcement of a new Westpac and Energy Australia developed co-branded 55 day Mastercard called 'clearChoice'. This [...]

POSTED ON October 28, 1999
Comsec takes aim at the institutional market

Commonwealth Securities (Comsec), Australia’s largest online broker, is looking to launch an online equities and advisory service targeting corporate clients by leveraging off its retail [...]

POSTED ON October 22, 1999
Local & US Rates Hold Steady

Despite much market speculation the local Reserve Bank and the US FOMC left interest rates unchanged. As usual there was no comment from the Reserve [...]

POSTED ON October 20, 1999
St George Quicktrade Open For Business

The partnership between St George Bank Ltd and HSBC, announced in July, to offer a non-advisory stockbroking service – St George Quicktrade – has now [...]

POSTED ON October 19, 1999