Canberra Property Outlook 2020

Canberra Auction Results for Saturday 14 March 2020 There were 52 residential property auctions held in Canberra on Saturday 14 March 2020. 71 per cent [...]

POSTED ON March 6, 2020
Darwin Property Outlook 2020

Darwin and NT Property Market Update, 6 March 2020 The Reserve Bank of Australia cut interest rates this week to 0.50%. All big four banks [...]

POSTED ON March 6, 2020
Trending Financial News 2 March 2020

Coronavirus fears to spark RBA rate cut The treasurer Josh Frydenberg, the prime minister Scott Morrison and the heads of Australia’s financial regulators discussed responses [...]

POSTED ON March 2, 2020
Trending Financial News 28 February 2020

Coronavirus fears spread Shares fell on Wall Street overnight, with the Dow Jones index falling more than 1,000 points on Thursday (US time). The Australian [...]

POSTED ON February 28, 2020
Trending Financial News 26 February 2020

Funeral insurance loopholes closed Expensive funeral expenses insurance policies, that are currently exempt from Corporations Act requirements, have been sold to many indigenous people, over [...]

POSTED ON February 26, 2020
Bitcoin halving and Bitcoin fork FAQs

The Bitcoin Cash and subsequent Bitcoin halving events are imminent. In addition to miners having their returns ‘halved’ every four years, Bitcoin has also been [...]

POSTED ON February 17, 2020
Trending Financial News 17 February 2020

Is Scott Morrison’s government banning cash? The Morrison government has new proposed cash ban law that makes cash business transactions illegal over a limit of [...]

POSTED ON February 17, 2020
Trending Financial News 7 February 2020

BP dumps Velocity for Qantas Frequent Flyer People who use BP service stations for fuel and in-store purchases to earn Velocity Frequent Flyer points may [...]

POSTED ON February 7, 2020
Trending Financial News 6 February 2020

REVEALED: Fire insurance loopholes Consumer lobby group CHOICE has analysed the definitions of fire in 26 major insurer home and contents policies and found ‘loopholes’ [...]

POSTED ON February 6, 2020
Trending Financial News 4 February 2020

February’s lowest home loan rates on InfoChoice The lowest home loan rates in Australia are now under 2.50 percent pa with Bank Australia now offering [...]

POSTED ON February 4, 2020
Trending Financial News 23 January 2020

Westpac slashes investor home loan rates Australia’s favourite lender for landlords, Westpac, has slashed fixed interest rates from yesterday, 22 January, by up to 0.50 [...]

POSTED ON January 23, 2020
Trending Financial News 17 January 2020

Two credit cards with 100,000 Velocity points The NAB Rewards Signature Visa credit card is promoting a 120,000 bonus VFF points giveaway - when you keep the [...]

POSTED ON January 17, 2020
Trending Financial News 15 January 2020

NAB gives cash to bushfire victims and businesses National Australia Bank is spending $5 million on immediate relief to business and agriculture customers affected by [...]

POSTED ON January 15, 2020
Trending Financial News 14 January 2020

Westpac pays the mortgage for bushfire victims Westpac Group (including Bank of Melbourne, St George Bank, BankSA and RAMS) has announced more support for customers [...]

POSTED ON January 14, 2020
Interest Rate update:

MEDIA RELEASEMonday 13 January 2020 Car loans now have home loan-like rates Car loan sales are under pressure as vehicle sales in Australia feel the [...]

POSTED ON January 13, 2020
Trending Financial News 9 Jan 2020

Is climate change impacting your property value? The number of major natural disasters in Australia has jumped up by 50% over the ten years. “The [...]

POSTED ON January 9, 2020
Trending Financial News 16 December

First Home Loan Deposit Scheme lenders announced The National Housing Finance and Investment Corporation has announced that Commonwealth Bank will join NAB as the second [...]

POSTED ON December 16, 2019
Trending Financial News 5 December

Citibank raises rates on homeloans Citibank is facing a backlash from politicians and consumer groups after raising rates on homeloans. Citi is the first bank [...]

POSTED ON December 5, 2019
Trending Financial News 3 December

Home prices surge higher in November National property prices rose strongly in November according to CoreLogic’s Home Value Index.  The Index jumped up 1.7 per cent [...]

POSTED ON December 3, 2019
Trending Financial News 26 November

Christmas shopping scams booming in 2019 Already, before the end of November, more money has been lost online to shopping related scams in 2019 ( [...]

POSTED ON November 26, 2019
Trending Financial News 18 November

Aussies set to trim spending this Christmas New research from St.George Bank suggests Aussie households are tightening their belts this Christmas with 43% of Aussies [...]

POSTED ON November 18, 2019
Trending Financial News 1 November

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 [...]

POSTED ON November 1, 2019
Trending Financial News 28 October

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 [...]

POSTED ON October 28, 2019
Trending Financial News 24 October

Bank branches are disappearing – fast Almost 10 per cent of bank branches have closed over the last two years. 16 per cent of ATMs [...]

POSTED ON October 24, 2019
Trending Financial News 23 October

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 [...]

POSTED ON October 23, 2019
Trending Financial News 22 October

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 [...]

POSTED ON October 22, 2019
Trending Financial News 21 October

“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 [...]

POSTED ON October 21, 2019
Trending Financial News 17 October

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 [...]

POSTED ON October 17, 2019
Trending Financial News 15 October

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 [...]

POSTED ON October 15, 2019
Trending Financial News 14 October

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 [...]

POSTED ON October 14, 2019
Trending Financial News 11 October

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 [...]

POSTED ON October 11, 2019
Trending Financial News 18 September 2019

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, [...]

POSTED ON September 18, 2019
Trending Financial News 22 August

PayID hacked and customer data leaked An unnamed credit union has suffered a security breach and has lost “a number of PayID records and associated [...]

POSTED ON August 22, 2019
Trending Financial News 16 August

13% of Aussies are switching banks Trust in Australia’s banks and the financial services industry has dropped following the Hayne Royal Commission according to the [...]

POSTED ON August 16, 2019
Trending Financial News 15 August

Global markets are falling The Australian stock market’s key index, the ASX200 fell more than 100 points on opening today and is now below the [...]

POSTED ON August 15, 2019
Trending Financial News 12 August

Bankwest slashes loan approval times Bankwest has announced new mortgage approval timeframes to try and lure customers who don’t want to wait weeks for loan [...]

POSTED ON August 12, 2019
Is Scott Morrison banning cash?

The Morrison government is proposing a radical ban on business cash transactions over $10,000 to fight the ‘black economy’ and tax avoidance. Business owners will [...]

POSTED ON August 9, 2019
Trending Financial News 9 August

Accept payments on your phone with NAB National Australia Bank (NAB) and Melbourne based payments company Quest are trialling a new payment system that will [...]

POSTED ON August 9, 2019
Trending Financial News 6 August

Most borrowers are clueless about their loan rate Three quarters of Australian borrowers don’t know their home loan interest rate according to new research released [...]

POSTED ON August 6, 2019
Trending Financial News 5 August

Auction results from Saturday 3 August Auction clearance rates continue to indicate a strengthening property market with CoreLogic reporting that 68.3 per cent of 1100 [...]

POSTED ON August 5, 2019
Trending Financial News 1 August

Commbank app and Netbank crash Commonwealth Bank’s mobile banking app, the Commbank app, and its internet banking portal, Netbank, both went offline yesterday afternoon affecting [...]

POSTED ON August 1, 2019
Trending Financial News 31 July

ASX sets new high, after 12 long years The key Australian sharemarket index, the ASX 200, closed at 6845.1 points yesterday, a new record high. The ASX [...]

POSTED ON July 31, 2019
Trending Financial News 30 July

Fixed rates fall under 3 per cent Fixed home loan rates continue to fall as cuts sweep through the mortgage market. There are now six [...]

POSTED ON July 30, 2019
Trending Financial News 29 July

Limit $100 notes says government taskforce Australians are keeping wads of $100 and $50 notes hidden away and the government’s taskforce into the black economy [...]

POSTED ON July 29, 2019
Trending Financial News 26 July

Google owes you $1,000 Google must compensate all internet users $1000 for breaching their privacy and selling their information to advertisers says global cyber security [...]

POSTED ON July 26, 2019
Trending Financial News 25 July

More rate cuts are coming in 2019 The Reserve Bank will cut interest rates in October 2019 and February 2020, Westpac economists predict, as unemployment [...]

POSTED ON July 25, 2019
Trending Financial News 24 July

Commonwealth Bank cuts savings account rates Commonwealth Bank has cut savings rates by up to 0.25 percentage points. Australia’s biggest bank has more than $265 [...]

POSTED ON July 24, 2019
Trending Financial News 23 July

Westpac slashes packaged home loan rate UNDER 4% Westpac has almost doubled the rate discount on packaged home loans to 1.29 per cent from 0.7 [...]

POSTED ON July 23, 2019
Trending Financial News 22 July

Has Mack Horton started a trade war with China? China’s state-run media is demanding an apology from Australia after an incident at the World Swimming [...]

POSTED ON July 22, 2019
Trending Financial News 19 July

Hong Kong protests ignite property market in Australia Foreigners are back in the Australian property market after largely disappearing in 2018 and early 2019 according [...]

POSTED ON July 19, 2019
Trending Financial News 18 July

The Great Australian Dream is alive - First home buyers see the light Increasing optimism in property markets is pointing to better days ahead for [...]

POSTED ON July 18, 2019
Trending Financial News 17 July

Macquarie Bank cuts home loan serviceability test Macquarie Bank has cut its minimum home loan serviceability assessment rate from 7.25 per cent to 5.3 per [...]

POSTED ON July 17, 2019
Trending Financial News 16 July

Banks told: Get on top of fraud Banks and other financial institutions have been told firmly by the banking industry ombudsman to do more to [...]

POSTED ON July 16, 2019
Trending Financial News 15 July

The deeming rate cut explained Pros and cons of the deeming rate cuts Centrelink’s deeming rate has been cut, after two recent RBA rate cuts [...]

POSTED ON July 15, 2019
Trending Financial News 12 July

First home buyers are BACK! New home loan sales are falling and first home buyers are jumping in to take advantage of cheap loan deals [...]

POSTED ON July 12, 2019
Trending Financial News 11 July

The end of the comparison rate? The competition regulator will introduce a new “online tool to improve the transparency of the mortgage interest rates paid [...]

POSTED ON July 11, 2019
Trending Financial News 10 July

The big bank “tax on households” revealed The big four banks have withheld the equivalent of eight separate rate cuts since the global financial crisis, [...]

POSTED ON July 10, 2019
Trending Financial News 9 July

Westpac pays compo to 40,000 customers Westpac is refunding tens of thousands of customers who have been overcharged interest on their loans. 40,000 borrowers on [...]

POSTED ON July 9, 2019
Trending Financial News 8 July

Suddenly getting a home loan just got easier The 7.25 per cent assessment for home loan applicants has been dropped by the Australian Prudential Regulatory [...]

POSTED ON July 8, 2019
Trending Financial News 5 July

The lowest variable home loan rate ever is 2.89% Home loan rates continue to fall as the Reserve Bank brings down the official cash rate [...]

POSTED ON July 5, 2019
Trending Financial News 4 July

Westpac partly withholds rate cuts – again Westpac has announced a rate cut of 0.20 percentage points on its range of owner occupier loans and [...]

POSTED ON July 4, 2019
Trending Financial News 3 July

RBA cuts rates and is prepared to cut again The Reserve Bank of Australia yesterday cut the official cash interest rate by 0.25 percentage points [...]

POSTED ON July 3, 2019
Trending Financial News 2 July

$1080 coming soon to your bank account Lower and middle-income Aussies could see $1080 in their bank accounts as early as next week thanks to [...]

POSTED ON July 2, 2019
Trending Financial News 1 July

New banking code in force today A new Banking Code of Practice comes into force today, the 1 July 2019. The new code “represents the [...]

POSTED ON July 1, 2019
Trending Financial News 28 June

Macquarie axes international card fees Macquarie Bank has removed international transaction fees on overseas purchases made on Macquarie Bank branded credit cards. Macquarie Bank has [...]

POSTED ON June 28, 2019
Trending Financial News 27 June

UBank cuts savings account rates UBank, a long-time market leader in the at-call savings market, has slashed interest rates on its USaver accounts. The USaver [...]

POSTED ON June 27, 2019
Trending Financial News 26 June

Which bank has more system outages than any other? There were more than 300 service disruptions at Australian banks and other financial institutions in the [...]

POSTED ON June 26, 2019
Trending News 21 June

Qantas is ‘ripping off’ frequent flyers with QFF changes Qantas’ changes to QFF points is effectively ‘ripping hundreds of millions of dollars off its frequent [...]

POSTED ON June 21, 2019
Trending News 20 June

It’s a borrowers market as home loan sales crash Sales of new home loans has slumped. The latest data from the Australian Prudential Regulatory Authority [...]

POSTED ON June 20, 2019
Trending News 13 June

Savers need to take action NOW Online savings account rates offered by the big four banks are now all set at 0.5 per cent p.a. [...]

POSTED ON June 13, 2019
Trending News 12 June

Buying vs renting – Buying is the new winner! Falling house prices and lower interest rates have combined to make buying a home much more [...]

POSTED ON June 12, 2019
Trending News 7 June

ANZ reacts to criticism on interest rates ANZ Bank’s chief executive Shayne Elliott said his bank’s controversial decision not to pass on the full June [...]

POSTED ON June 7, 2019