Are there any green banks in Australia?

Which bank is greenest? Are you concerned that the planet is warming and some politicians are really not responding with appropriate urgency? Are you concerned [...]

POSTED ON June 25, 2019
Property market outlook

Confidence up as loan rules loosened (8 July 2019) Confidence in the property market has jumped since the federal election and auction results are improving. [...]

POSTED ON June 24, 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
First lender passes on full RBA rate cut

Non-bank lender announces amazing new super-low comparison rate The Reserve Bank of Australia has just announced an historic cut in the official cash rate (OCR) [...]

POSTED ON June 4, 2019
Nine Bad Credit Myths, Busted

One of the downsides of people being unwilling to talk openly about money and their personal finances is that lots of myths and misconceptions spring [...]

POSTED ON May 15, 2019
How to make your home Airbnb ready

Featured Article By: Now Finance One of the most common tips in “increase your income” articles today is to get your spare room on Airbnb [...]

POSTED ON November 1, 2017
Banks to add more to RBA rate rises

Borrowers are likely to be slugged by more rate rises from RBA and more margin expanding rate rises from the big banks as well. The [...]

POSTED ON November 2, 2009
Switch your lender & save $3,800

Over the last 14 months of the GFC, many people moved their money and their business to a big four bank. Many people could simply [...]

POSTED ON November 2, 2009
Four steps to switching banks

Switching bank accounts to a new bank is easier than it has been in the past, but can still be a complex process. ASIC and [...]

POSTED ON November 2, 2009
Fee changes to all transaction accounts

Almost all banks, credit unions and building societies have announced changes to the fees they charge their credit card, loan and account customers. Now may [...]

POSTED ON November 2, 2009
Banks trying to connect with customers

ANZ, Westpac and NAB have launched new marketing programs recently all trying to reconnect with their customers and communities. ANZ have re-fashioned their signage with [...]

POSTED ON November 2, 2009
Most borrowers reject fixed rates

Most homeowners are choosing to stick with their variable rate mortgages with only ten per cent saying they are opting to fix their rate now. [...]

POSTED ON November 2, 2009
Aussies are stashing their cash

The first national study by Westpac into the social effects of the global financial crisis shows more than 32% of Australians are cocooning in the [...]

POSTED ON November 2, 2009
School tuckshops take credit cards online

Parents at some schools are paying for their children’s lunches online with their credit card to avoid having to give their children money. Holy Cross [...]

POSTED ON October 6, 2009
Aussie share obsession cuts our wealth

Australians lost almost twice as much money during the global financial crisis as people in other countries according to the 2009 global wealth report, by [...]

POSTED ON October 6, 2009
Ten million online bankers

Almost 10 million Australians visited their online internet bank each week, but more visit and spend much more time on social networking sites such as [...]

POSTED ON October 6, 2009
Less competition in banking

National Australia Bank yesterday acknowledged to a senate committee hearing in Melbourne that banking consumers' choices had narrowed in the past year. “I think it's [...]

POSTED ON October 6, 2009
Auction continue to deliver results

There were only 171 auctions listed in Sydney on the October long weekend but the clearance rate improved to 72.5 per cent from 62 per [...]

POSTED ON October 6, 2009
Competition returning to mortgage market

NAB, ANZ and second tier lenders all managed to claw back mortgage market share in August. ANZ said they have improved turnaround times on mortgage [...]

POSTED ON October 2, 2009
Borrowers head to Commonwealth in August

The growth story in the loan market remains that of Commonwealth Bank, which lifted its lending by 1.2 per cent over the month of August [...]

POSTED ON October 2, 2009
200,000 Ford car loans sold to Macquarie

Macquarie Leasing will take over the servicing of the Ford loans by January 2010. The portfolio covers around 200,000 vehicles and adds to the bank’s [...]

POSTED ON October 2, 2009
Savings tax to be slashed

The federal government’s Henry review into taxation is set to recommend that tax on savings should be slashed. Ken Henry said yesterday that a middle [...]

POSTED ON October 2, 2009
Savers want good rates and no fees

Bank customers are fed up with fees on savings accounts and want to be rewarded with higher rates for saving regularly, according to a new [...]

POSTED ON October 2, 2009
RaboPlus to launch bonus saver account

RaboPlus will add a bonus saver account to its product portfolio to be launched next week. It will pay five per cent interest to customers [...]

POSTED ON October 2, 2009
Banks deny rate rise plans

Speculation is continuing that the big banks are planning to raise interest rates on variable rate mortgages independently of the Reserve Bank. Banks are continuing [...]

POSTED ON October 2, 2009
Grants cut down but sales to hold up

First home buyers of new homes will be entitled to $14,000 of federal government assistance from today, October 1, down from the $21,000 grant paid [...]

POSTED ON October 1, 2009
ME’s Online Savings Account ahead of the pack

ME Bank’s Online Savings Account has won the Australian Financial Review Smart Investor Blue Ribbon Awards 2009, Overall Savings Account Category. Savings products from over [...]

POSTED ON October 1, 2009
InfoChoice more popular than ever

Traffic to the InfoChoice website has grown 56 per cent from January to June 2009. remains Australia’s most popular banking product comparison website as [...]

POSTED ON August 31, 2009
50,000 seek hardship relief

More than fifty thousand Australian households have been given hardship relief by major banks in the past year. Westpac, St George, ANZ, National Australia Bank, [...]

POSTED ON August 31, 2009
Government checks up on bank rate rises

Sources within the major banks say the federal Treasury rang around all major banks last week to check on rumours that they are planning on [...]

POSTED ON August 31, 2009
Frozen mortgage fund withdrawals get bigger

ASIC has announced changes to hardship withdrawals from frozen mortgage funds. These changes expand the circumstances in which operators are able to make payments to [...]

POSTED ON August 18, 2009
ING Direct set to revolutionise banking

ING DIRECT Australia yesterday announced a record net profit after tax of A$141.6 million for the six months to June 30 2009, up A$61 million [...]

POSTED ON August 18, 2009
Be prepared for higher rates says RBA

Homebuyers have to be prepared for higher interest rates says the governor of the Reserve bank, Glenn Stevens. Stevens told a parliamentary hearing that rate [...]

POSTED ON August 17, 2009
Banks discounting by up to 0.7 per cent

Banks are responding to competition in the first home buyer lending market by discounting their interest rates on standard variable mortgages by between 0.5 per [...]

POSTED ON August 17, 2009
Credit card debts hurt homeowners

Seventy one per cent of home owners struggling to repay a mortgage are also carry over unpaid credit card debts according to big mortgage insurer [...]

POSTED ON August 17, 2009
Banks cut loans to first home buyers

Many banks have cut the maximum amount they will lend to first home buyers according to a shadow shopping exercise by Deutsche Bank. Deutsche researchers [...]

POSTED ON August 17, 2009
WA fuel card trips up Centrelink

Western Australia’s government issued $500 fuel card for rural pensioners could push recipients over the Centrelink income limit and see their pensions cut as a [...]

POSTED ON May 5, 2009
House prices crumbling

Established detached house prices fell 2.2 per cent in the first three months of 2009 and almost seven per cent in the year to March [...]

POSTED ON May 5, 2009
Elderly women like reverse mortgages

The number of reverse mortgages on issue has risen by 15 per cent since 2006. There are now 37,500 reverse mortgages on issue in Australia, [...]

POSTED ON May 5, 2009
Financial Planners phase out commissions

The Financial Planning Association, the industry body representing many investment advisor groups and financial planners, proposed a three year phase out of sales commissions as [...]

POSTED ON May 4, 2009
Melbourne property prices crash say agents

Melbourne house prices have experienced their biggest fall in more than forty years according to data released on the weekend by the Real Estate Institute [...]

POSTED ON May 4, 2009
No May rate cuts expected

The Reserve Bank of Australia is expected to keep official interest rates on hold at three per cent when the board meets this week. Economists [...]

POSTED ON May 4, 2009
Consumers love Visa/Mastercard debit

Debit cards are continuing to eat away at the market share of credit cards and Eftpos cards. Debit transactions are growing at the expense of [...]

POSTED ON May 4, 2009
RBA to keep its powder dry

With the Australian economy looking suspiciously like it is already in recession, the Reserve Bank has a tough job on its hands. It needs to [...]

POSTED ON April 24, 2009
Investors turn on super, shares and property

The Westpac-Melbourne Institute Consumer Sentiment Index report shows that investor sentiment is continuing to turn against shares, superannuation and property, the traditional staples of Australian [...]

POSTED ON March 12, 2009
Time to get to know your free ATMs

Customers will need to know how to locate free ATMs after changes to ATM charging start tomorrow says the Australian Bankers Association. If customers use [...]

POSTED ON March 2, 2009
ATM fees: Do you wish to continue?

From tomorrow ATMs not owned by the card holder's bank will display a message before a withdrawal transaction is completed. "The owner of this terminal [...]

POSTED ON March 2, 2009
Aussies pay ‘unheard of’ bank fees

Australian households pay, on average, $1,000 every year in bank fees and charges. Australian bank customers are paying hundreds of dollars more each year in [...]

POSTED ON March 2, 2009
Sydney hope amid auction doom and gloom

Sydney auction results continue to show small incremental improvement. The clearance rate was up one per cent to 63 per cent after 183 properties were [...]

POSTED ON March 2, 2009
Consumers falling for scams

One in twenty consumers will fall victim to a financial or other scam this year and collectively lose more than one billion dollars to the [...]

POSTED ON March 2, 2009
Rich retirees to pay for pension boost

One million people currently receiving a part age pension will have their payments reduced to pay for an increase in the basic rate of age [...]

POSTED ON February 27, 2009
CBA targets first home buyers online

Applications for home loans to Commonwealth Bank have more than doubled since the introduction of the increased first home owners grant in October. Commbank says [...]

POSTED ON February 27, 2009
Mortgage Choice says housing will bounce

The housing market is unlikely to experience a prolonged downturn says Paul Lahiff, chief executive of Australia's biggest listed mortgage broker chain Mortgage Choice.Mortgage Choice [...]

POSTED ON February 26, 2009
Building societies deny negative outlook

Mutual building societies and credit unions will suffer from rising funding costs and deteriorating credit quality due to the global economic crisis.Ratings agency Moody's Financial [...]

POSTED ON February 26, 2009
ANZ profit down, bad debts up

ANZ said its current bad debt charges to cover collective and individual provisions is between $2.4 billion and $2.5 billion. ANZ signalled yesterday that it [...]

POSTED ON February 26, 2009
St. George cuts fixed rate loans

St. George Bank has cut its fixed interest rate home loans by up to 0.5 per cent. The St George 3 year Fixed Rate is [...]

POSTED ON February 26, 2009
Bankwest customers get CBA ATMs

Bankwest customers will be able to use the CBA's 3,300 ATMs without being charged ATM fees from March 1. Likewise, CBA customers will be able [...]

POSTED ON February 26, 2009
Unclear definition on what constitutes a recession

Many people often pose the question of whether Australia can weather this market downturn and avoid going into recession, however given the mixed interpretations economists [...]

POSTED ON February 26, 2009
Housing market set for a gloomy year

The construction industry will face a tough year ahead, according to the Housing Industry Associations national outlook. 132,190 homes are expected to be constructed for [...]

POSTED ON February 26, 2009
Crackdown on small ASX listed companies

As the deadline for half-year reporting draws nearer for many small Australian Securities Exchange-listed companies, there are growing concerns that a significant number of businesses [...]

POSTED ON February 26, 2009
Age pension up but mums miss out

The age pension is expected to be increased by $35 per week in the budget this year, costing the federal government about an extra $7 [...]

POSTED ON February 26, 2009
RHG milks profits with high rates

RHG, the former Rams Home Loan Group, has reported a $69 million profit for the half year to December from its declining mortgage portfolio. RHG [...]

POSTED ON February 26, 2009
Grants provide glimmer of hope for home buyers

Thirty thousand first home buyers have taken advantage of the increased first home buyers grant from the federal government says the Minister for Housing Tanya [...]

POSTED ON February 25, 2009
Investors lose faith in advice, markets, life

Investors are losing faith in themselves as well as markets, their financial advisor and investing generally according to a large survey by The Australian.The Australian [...]

POSTED ON February 25, 2009
PayPal told to freeze fees

PayPal will freeze fee for merchants trading through the eBay Australia website for a period of two years, the Reserve Bank of Australia disclosed yesterday [...]

POSTED ON February 25, 2009
Pokies are a bad investment

Poker machine industry leader Aristocrat Leisure has announced a 75 per cent decline in profit because of difficult economic conditions and widespread smoking bans in [...]

POSTED ON February 25, 2009
No more big rate cuts

The Reserve Bank governor has signalled that the central bank may wait and see the impact of recent rate cuts before making any new big [...]

POSTED ON February 24, 2009
CBA factors in future rate rises

Commonwealth Bank will increase the level of the deposit that new borrowers buying their first home must have to three per cent, The Australian reported. [...]

POSTED ON February 24, 2009
ANZ offers share fund to online savers

The ANZ Online Investment Account is a managed fund investing in the top 200 companies that works like an online savings account. Aimed at the [...]

POSTED ON February 24, 2009
Fixed rate loans offer value to investors

Lower fixed mortgage rates are helping to bring investors back into the market says BIS Shrapnel senior project manager Jason Anderson. Major banks are offering [...]

POSTED ON February 24, 2009
St George still favourite bank for business

Almost eighty per cent of business banking customers are satisfied with their main bank according to TNS Communications, but satisfaction levels seem to have plateaued. [...]

POSTED ON February 24, 2009
ANZ wants to lend more to small business

ANZ has announced it will increase lending to small and medium businesses by $8 billion, equal to the total amount of new lending to SME's [...]

POSTED ON February 24, 2009
Depositors face new ATM fees

At present a typical consumer faces the chance that 75 per cent or more of ATMs they might want to use belongs to someone else, [...]

POSTED ON February 24, 2009
ATM fee free networks emerge

Westpac, Cashcard and credit union and building societies are striking agreements with owners of small ATM fleets - mainly small banks - and working out [...]

POSTED ON February 24, 2009
Suncorp to say no to breakup plan

The board of Suncorp Metway are believed to have rejected the idea of separating the banking and insurance businesses and selling the bank as Suncorp [...]

POSTED ON February 24, 2009
CBA, Citi grant fee relief to ATM customers

Commonwealth Bank and Citibank say they will not charge their customers foreign ATM fees when the new direct charging regime begins on the 2nd of [...]

POSTED ON February 23, 2009
Credit card holders pay down debt

Repayments on credit card debt surged in December by 22 per cent according to figures released by the Reserve Bank of Australia. Credit card debt [...]

POSTED ON February 23, 2009
Households look to get debt under control

The average household debt to income ratio fell sharply in the December quarter from 160 per cent to 156 per cent as people paid down [...]

POSTED ON February 23, 2009
Sydney, Melbourne auctions still sick

The Sydney auction market continued to recover very slowly on the weekend with 156 properties selling at auction out of a total of 301 residential [...]

POSTED ON February 23, 2009
Adelaide, Brisbane auctions on life support

There were just 15 residential property auctions in Adelaide on Saturday the 21st of February 2009, down from 74 in 2008. The Adelaide auction clearance [...]

POSTED ON February 23, 2009
Perth suburb is richest in Australia

Peppermint Grove in Perth is the wealthiest suburb in the nation with an average household worth of $1.9 million. The national average level of household [...]

POSTED ON February 23, 2009
Shortfall on business lending rates

Some businesses are paying higher interest rates on loans and overdrafts than they were last year, before the Reserve Bank started to cut interest rates.The [...]

POSTED ON February 23, 2009
Ruddbank won’t save bad business

National Australia Bank's senior executive Ahmed Fahour will head the federal government's Australian Business Investment Partnership, which will help refinance viable commercial property companies threatened [...]

POSTED ON February 23, 2009
Wizard borrowers miss out on rate cuts

Wizard home loan customers will not be receiving any cut in interest rates. GE Money, the current owners of Wizard who are selling the brand, [...]

POSTED ON February 20, 2009