How to buy property as a millennial

Growing up a millennial certainly has its advantages, like having a strong entrepreneurial mindset and dreams of self-employment. In fact, the disposable income of Australian [...]

POSTED ON March 27, 2017
What would I use a term deposit for?

Whether you’re saving for a holiday, a house or a more comfortable future, a term deposit can offer an attractive mix of higher returns and [...]

POSTED ON March 27, 2017
What would I use a credit card for?

Whether you're making everyday purchases, buying a big-ticket item or want to consolidate debt, a credit card can be a convenient tool for managing your [...]

POSTED ON March 27, 2017
Saving for a holiday and a house

Climbing the corporate ladder is hard work, and you’ll naturally want to take some time out occasionally. Travelling is a great way to rest, recharge [...]

POSTED ON March 27, 2017
How to choose a credit card for your family

A credit card can be a handy financial tool for managing your household budget and supporting your desired lifestyle. But with so many different credit [...]

POSTED ON March 27, 2017
March home loan interest rate update

The Reserve Bank of Australia board has met for March 2017 and decided to leave official interest rates at the historically low level of 1.5 [...]

POSTED ON March 8, 2017
Card scams are on the rise in Australia again

The rate of card fraud is booming. $469 million worth of fraudulent card transactions were recorded in Australia in 2015 according to the Australian Payments [...]

POSTED ON March 1, 2017
What is an overdraft?

An overdraft is a kind of personal loan linked to your bank account. An overdraft works a lot like a credit card. It is a [...]

POSTED ON February 28, 2017
Long term deposit vs short term deposit

For people looking to grow their savings, term deposits make the job simple. Put your money away for a set period, usually between 30 days [...]

POSTED ON February 24, 2017
How can mum and dad help me to buy a house?

The Prime Minister Malcolm Turnbull says parents should assist their adult children to break into expensive property markets. Without assistance, young Australians struggle to achieve [...]

POSTED ON February 20, 2017
Which saving account has the highest rate?

Right now, savings accounts offer interest rates that vary between 0.00 per cent and about 3.05 per cent. If you can get a good rate [...]

POSTED ON February 17, 2017
These personal loan rates will shock you

The personal loan market is being shaken up by new, cheaper marketplace lenders and by expensive small payday loan providers. The banks and credit unions [...]

POSTED ON February 16, 2017
Not all transaction accounts are the same …

Every Australian needs a basic everyday transaction banking account. But there is no need to settle for the account offered by the bank you have [...]

POSTED ON February 10, 2017
Why are interest only home loans so popular?

Interest only home loans are becoming more popular than ever before with owner-occupiers. Demand for interest-only home loans is now booming. The Reserve Bank of [...]

POSTED ON February 7, 2017
A home loan that pays school fees!

An Australian credit union has launched a home loan that makes contributions toward school fees or a scholarship fund. Gateway Credit Union says 28 per [...]

POSTED ON February 6, 2017
Banks repay mortgage offset mistakes

The popularity of mortgage offset accounts has soared in recent years. The Reserve Bank says money held in offset accounts is growing by about 30 [...]

POSTED ON February 3, 2017
Not all personal loans are the same …

A personal loan is a simple well understood product that is basically the same, no matter which lender you go to, right? Well no that’s [...]

POSTED ON January 30, 2017
Home loans – To fix or not to fix?

Standard variable and fixed rate home loan rates are now at historic record low levels. Australians have never paid less in interest to buy their [...]

POSTED ON January 25, 2017
Debit card vs credit card

Growing numbers of Aussies are cutting up their credit card and choosing a good debit card linked to a great everyday transaction banking account. Now, [...]

POSTED ON January 23, 2017
Stamp Duty Guide

Stamp duty, is usually not something people give too much thought to, until they go to buy a home. For most people, they’ll be affected [...]

POSTED ON January 20, 2017
Oh No! Banks are raising rates again

Three big banks and several smaller lenders have raised home loan interest rates over the summer break. Meanwhile, one bank has cut some of its [...]

POSTED ON January 18, 2017
One bank wants to give your baby cash

Westpac is giving $200 in a savings account to any Australian baby born in 2017 to celebrate the bank’s 200th anniversary. What is the $200 [...]

POSTED ON January 11, 2017
Property investors brace for big changes

Borrowing to invest in property is booming. More than 35 per cent of all home loans in Australia are now held by investors. And it’s [...]

POSTED ON January 9, 2017
What is a peer-to-peer personal loan?

In 2017, peer-to-peer lenders are expected to significantly grow their share of the Australian personal loan market. Peer-to-peer lenders are now becoming an established part [...]

POSTED ON January 3, 2017
Happy New Year, Happy New Home Loan

A new home home loan could save you thousands this year, and every year. Switching to a new lender and refinancing has become a lot [...]

POSTED ON January 3, 2017
Banks cut TD rates, but that will change in 2017

In November and December 2016, some of Australia's biggest banks have reduced some of their term deposit rates. National Australia Bank has reduced interest rates [...]

POSTED ON December 23, 2016
Do you need to change your credit card limit?

  At Christmas time you might want to increase your credit card limit, or perhaps reduce it prevent overspending. Credit card balance limits start at [...]

POSTED ON December 22, 2016
What does mortgage offset mean?

Mortgage offset means offsetting your loan balance against your savings balance. A mortgage offset account is a daily transaction banking account or a savings account [...]

POSTED ON December 21, 2016
Your credit card is about to change

Banks, credit unions and other credit card issuers are making big changes to credit cards in response to new rules being introduced in 2017. From [...]

POSTED ON December 20, 2016
Are borrowers fleeing one big Aussie bank?

Australians are borrowing more and it’s making them richer. Aussie households are increasing their debt levels to invest and grow their wealth more than ever [...]

POSTED ON December 9, 2016
More home loan rate rises as the cycle turns

More lenders are raising interest rates despite the Reserve Bank deciding this week to leave the official cash rate unchanged for December 2016 and January [...]

POSTED ON December 8, 2016
The home loan rate cycle has turned-up

For the first time in many months, there were more fixed home loan rate rises in November 2016 than rate cuts. More lenders are jacking [...]

POSTED ON December 2, 2016
Now I need a cheap car loan

Are you buying an older, cheaper vehicle and need a loan to help you get across the line and hand over the cash? Not all [...]

POSTED ON November 30, 2016
Trouble is brewing in the Aussie mortgage market

Home loan borrowers are turning on their lenders and sending big bank customer satisfaction ratings down.   Roy Morgan Research reports that the average satisfaction [...]

POSTED ON November 29, 2016
Switching banks is getting a lot easier

Are you unhappy with your bank but the idea of switching your everyday transaction bank account seems a bit too difficult? Everybody has direct debits [...]

POSTED ON November 28, 2016
What is my credit score?

When comparing and applying for loans – whether it's a home loan, a personal loan or even a credit card – you might come across [...]

POSTED ON November 17, 2016
Thirty three ways you can get Apple Pay

Would you switch banks to enable Apple Pay on your iPhone? Apple Pay is the new way to shop and pay for goods and services [...]

POSTED ON November 15, 2016
Which credit card has the best airline points deal

Plenty of credit cards promote their Qantas Frequent Flyer, Velocity or other points-based rewards schemes. However, credit card rewards schemes have changed significantly over the [...]

POSTED ON November 14, 2016
Banks are cutting rates to lure property investors

A new round of interest rate cuts is igniting the property investor mortgage market. The latest official Australian Bureau of Statistics housing finance data shows [...]

POSTED ON November 11, 2016
You can find a low rate credit card

Credit card users are paying up to 23.49 per cent in interest on their purchases and up to $700 in annual fees. Credit card debt [...]

POSTED ON November 10, 2016
Savings accounts worth having a look at…

Are you happy with your savings account? In a low interest rate economy, savers need to take control and find a savings account that suits [...]

POSTED ON November 3, 2016
You don’t need to pay for your broker’s trip

Commissions and incentives, including holidays, cruises and trips to the Playboy mansion, paid by lenders and mortgage aggregators to mortgage brokers are under investigation by [...]

POSTED ON October 31, 2016
Savings accounts vs. term deposits

If you want to save money and earn interest, savings accounts and term deposits are both worth looking into. We’ve examined the differences and similarities between [...]

POSTED ON October 28, 2016
5 things to consider when choosing shares

Whether you’re looking for an income now, growth for the future, or a combination of both, you need to select the shares that are going [...]

POSTED ON October 28, 2016
Key terms you should know about margin loans

Lack of access to funds can be a major problem for investors, and many turn to margin loans to increase their investment capacity. While these [...]

POSTED ON October 28, 2016
Key term deposit terms you should know

Term deposits offer a guaranteed return, making them particularly popular among more cautious investors or as a low-risk component of a diversified investment portfolio. However, [...]

POSTED ON October 28, 2016
Key savings account terms you should know

Offering higher interest rates than transaction accounts, and with some throwing in bonuses for making regular deposits, savings accounts are designed to help you grow [...]

POSTED ON October 28, 2016
Key personal loan terms you should know

A personal loan can be a great option for financing a big purchase, whether it’s a car, a new kitchen, or a much-needed holiday. But with [...]

POSTED ON October 28, 2016
Key credit card terms you should know

Comparing credit cards is easier when you fully understand the different terms and features on offer. At first it might seem like providers are speaking [...]

POSTED ON October 28, 2016
How to apply for a term deposit

Putting your money into a term deposit means locking it away for a pre-determined period at a fixed rate of interest. That way, you’re guaranteed [...]

POSTED ON October 28, 2016
How to apply for a personal loan

With a little preparation, applying for a personal loan could be a quick and easy way to access funds. The interest rates for this type [...]

POSTED ON October 28, 2016
Key home loan terms you should know

There’s a lot to consider when comparing home loans. Should you choose a fixed interest loan or opt for a variable rate? Do you qualify [...]

POSTED ON October 28, 2016
How to apply for a home loan

Owning your own home is the great Australian dream, but signing up for a home loan is a long-term financial commitment. That’s why it’s so [...]

POSTED ON October 28, 2016
How to apply for a credit card

Credit cards are a convenient way to pay bills and shop online. But when it comes to applying for a credit card, it can be [...]

POSTED ON October 28, 2016
Fewer Aussie couples want a joint bank account

Surprising new data reveals that fewer Australians are choosing to open joint bank accounts, savings accounts and credit cards with their loved ones. Traditionally a [...]

POSTED ON October 28, 2016
5 things to consider when comparing personal loans

When it comes to personal loans, there’s no one-size-fits-all option. Different loans will suit different situations, and the right loan for you will vary according [...]

POSTED ON October 27, 2016