Big bank integrates cashback platform in-app to enhance customer savings
Major Australian bank ANZ has announced the launch of Cashrewards add-on within its mobile Plus app, streamlining cashback opportunities for customers.
Australia’s total residential real estate value hits a new record
The combined value of Australia's residential real estate has set a new record, climbing to $10.91 trillion in the June quarter of 2024.
Rising mortgage costs drive more first home buyers towards Home Guarantee Scheme
Around one in three first home buyers across Australia in the 2023 financial year entered the housing market with the support of the Home Guarantee Scheme (H...
Investors drive jump in home lending
New data shows lending for housing leapt 3.9% in July over the previous month, with investor lending continuing to dominate growth.
Mixed bag for savers: Banks cuts term deposit rates while few raise offers
September's opening salvo is marked by another series of downward shifts in the term deposit space as more banks cut rates, though a few notable providers bu...
Another week, another series of home loan rate cuts
This week was another busy one in terms of fixed-rate home loan cuts, but the market prefers variable; here's where to find them.
Australia records worst per capita recession on record, productivity slumps
June quarter national accounts confirmed Australia’s economy grew at its slowest pace - outside of Covid - since the 1991 recession, as soaring cost of...
UBank reduces variable rates, CBA research finds first home buyers going it alone
The digital bank founded in 2008 has cut a host of variable rates for new customers, while CBA research shows more first home buyers are going it alone.
Melbourne's median dwelling value dips as Adelaide and Perth surge ahead
Once ranked among the top Australian capitals in median dwelling values, Melbourne has slid below Adelaide and Pert...
Retail trade unchanged despite tax cuts, energy rebates
Retail turnover remained unchanged in July, signalling Australians are unwilling to spend extra cash created through tax cuts and government handouts.
CommBank, ANZ cut business term deposit rates
Term deposit accounts for businesses are following the recent plunge in consumer term deposit accounts with two of the big four banks announcing rate cuts on...
Declining bond yields trigger more mortgage rate cuts this week
Mortgage rates continue to plunge as more smaller lenders follow the lead of major players.
Death by a thousand cuts in term deposit land
After a momentous week last week, this week brought another series of slides in term deposit land, signifying that the glory days might be over.
Energy rebates temper July inflation, but Judo Bank economist warns of potential rebound
The monthly consumer price index (CPI) rose 3.5% over the 12 months to July, slower compared to 3.8% the month prior as the effects of the government's cost-...
Cost-of-living crisis hits the road: Car loan delinquencies and repossession rise in Australia
Rising car loan delinquencies are exposing the shocking reality that Australia’s vehicle owners are now feeling the fu...
CommBank bucks trend of big bank peers, slashes variable rate home loans
Commonwealth Bank (CBA) cut a large range of home loan rates, however unlike its big bank peers of late, a large range of these cuts applied to variable-rate...
Term deposits on the chopping block: Big banks lead rate cuts
Term deposit rates continue to slide this week, with the latest drops headlined by two major banks.
Lenders bet big on fixed-rate mortgages as swap rates dive
This week was a busy one for fixed-rate home loans, with banking stalwarts BOQ, ME Bank, Westpac, and others all adjusting interest rates.
Aussie homeowners enjoy record gains amid surging property prices
The Australian property market continues to be a lucrative wealth-building asset after it delivered record-high sal...
Westpac moves below 6% threshold on fixed-rate home loans
In a strong signal from Australia's second-largest bank that rates are trending lower, quite a few fixed-rate home loans offered by Westpac were cut below th...
Live settlement tracking platform rolls out to brokers
Digital settlement platform PEXA has teamed up with a major home loan aggregator to launch a tracking tool that off...
ANZ Plus boosts rate on savings account, introduces deposit criteria
From 1 October, ANZ Plus - ANZ's digital-only banking arm - will change the way it delivers its savings account interest rate.
Westpac sees value in joining the clean energy home lending bandwagon
Borrowers making energy-efficient upgrades to their homes can access Westpac’s new loan offer with a variable...
Big four bank term deposit rates falling like dominoes
Major banks NAB and ANZ have taken the sword to their term deposit rates, less than a week after CommBank did similar.
