These providers are cutting their one-year term deposit rates, 8 September
It certainly is an end of an era as several providers started scaling back on one-year term deposit rates.
Use of savings contributes to resurgence of home prices
The value of Australia’s housing market just hit $10 trillion and several factors, including the high level of savings helped boost the market despite ...
A strong uptick in mortgages exempt from 3% serviceability buffer
The latest APRA banking data shows there has been a strong uptick in mortgages exempt from serviceability criteria.
It's official: We're in a recession, a per-capita one
GDP growth per capita recorded its second consecutive quarter of negative growth, down 0.3%, signifying that our output per person is down.
Refinancing dissipates threats of fixed mortgage cliff — PEXA
The recent surge in refinancing appears to have mitigated the looming risks associated with the mortgage cliff, according to PEXA Refinancing Index.
RBA cash rate still on pause at 4.10%
The Reserve Bank of Australia’s cash rate hold this month marks outgoing Governor Philip Lowe’s swan song.
ASIC to sue Westpac over tardy hardship responses
The corporate regulator ASIC has commenced civil penalty proceedings against the major bank, alleging it failed to respond to customer hardship notices in th...
Beyond Bank set to acquire small credit union First Choice
Orange-based First Choice Credit Union and Adelaide-based Beyond Bank have signed a memorandum of understanding, signalling an intent to merge.
More offers three month free mobile plan for CommBank customers
Telco More is offering three months of free mobile plan fees to new customers who sign up using a CommBank credit o...
Loans for holiday and travel reach 5 year high
The value of refinancing reached a new record high in July, according to the latest figures from the Australian Bureau of Statistics (ABS).
A look ahead at next Tuesday's RBA cash rate decision for September
Aussies' attention turns to September's monetary policy decision, which will be the last handed down by outgoing RBA Governor Dr Philip Lowe.
Find out which lenders moved their variable, fixed rates this week, 1 September
One week before the Reserve Bank of Australia’s cash-rate decision for September, several lenders, including NAB, made some changes in their variable i...
Housing upturn regains momentum in August
Dwelling prices in Australia seemed to have regained momentum in August, according to CoreLogic.
ASIC warns 30 lenders to look after borrowers doing it tough
The corporate watchdog has written a powerful open letter to 30 Australian lenders warning they must provide adequa...
Climate change could heat up interest rates: Incoming RBA Governor
Climate change and the world’s attempts to mitigate its impacts could impact how the Reserve Bank of Australia considers interest rates, incoming RBA b...
Do government private health subsidies actually improve wait times?
Researchers from the University of Melbourne have questioned one of the truisms of healthcare policy in Australia.
Is there light at the end of the tunnel for renters?
Interest rates going down, softer income growth and stretching rental affordability could all contribute to rental rates coming back under control in 2024.
World Cup, school holiday spending surge could pose rate conundrum for RBA
Australians flocked to shops and eateries in July, thanks in part to the FIFA Women's World Cup, helping retail turnover recover from its previous slump.
...Find out the latest set of banks cutting their TD rates, 25 August
Several providers, including CommBank and Westpac subsidiaries, continue to slash their term deposit rates over the week ending 25 August.
This no-interest and no-repayment financing aims to disrupt Australia’s real estate investing
Sydney-based fintech startup MyBrix will be rolling out what it claims to be the world’s first “no-interest and no-repayment property finance&rdq...
What does CommBank's first-home buyer data reveal about the Home Guarantee Scheme?
First-home buyers participating in the Home Guarantee Scheme are able to improve their equity position since 2020 despite the rate hikes and market downturn,...
Cutting spree continues — check out the latest TD rate cuts, 18 August
Some providers continue to cut their term deposit rates over the week ending 18 August, but other still rolled out increases.
Can the impact of fixed-rate cliff explain the rise in new listings?
The rise in new property listings appears to be preparing the market for a warm spring-selling season — to what extent can this be explained by the bor...
This home loan has no monthly repayments — how does it work?
Midkey rolls out a “No Monthly Payments” home loan, a first-of-its-kind loan that allows Australians to take advantage of the equity in their hom...
