Your guide to online share brokers in Australia

The rise of online share trading platforms has democratised trading by making it more accessible to “regular” people. You don’t need to visit and hire [...]

POSTED ON August 23, 2019
Your guide to margin loans

When you think about borrowing money in order to invest it, the first thing you’ll probably imagine is an investment home loan. You borrow a [...]

POSTED ON August 21, 2019
Billion-dollar bank compo bonanza

Which banks are paying compensation to investors? Banks and financial institutions will pay about one billion dollars in total compensation to investors and customers for [...]

POSTED ON August 7, 2019
CommSec Pocket lets you invest with just $50

Commonwealth Bank’s online brokerage, CommSec, has launched a new mobile phone app called CommSec Pocket. CommSec Pocket is aimed at savers who perhaps have not [...]

POSTED ON July 24, 2019
Do I need a financial adviser?

You might like trading in shares, comparing returns on managed funds, looking at interest rates on term deposits and researching property deals yourself. You love [...]

POSTED ON May 28, 2019
ASIC awards scam prizes

The Australian Securities & Investments Commission has launched "Pie in the Sky" awards for the scams of the year. The top prize for 2002 goes [...]

POSTED ON April 3, 2019
What is Online Share Trading?

Online share trading is simply buying and selling stocks (or shares) in a company over the internet. Because online trading is often cheaper and more [...]

POSTED ON October 9, 2017
What is a Margin Loan?

A margin loan is a way for sophisticated investors to grow their portfolio by borrowing money from a financial institution. What is a margin loan? [...]

POSTED ON October 9, 2017
Retirement savings: How to invest for your future

Retirement doesn’t come cheap. If you’re hoping to maintain a comfortable standard of living long after ceasing work, it’s worth looking into investment options beyond [...]

POSTED ON May 9, 2017
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
Shares vs savings accounts

Investors have been tolerating low savings interest rates for four years now but term deposits and savings accounts continue to be very popular. The principal [...]

POSTED ON March 4, 2016
Banks warned over booming margin calls

A big increase in margin calls due to the plunging share market has prompted the Australian Securities and Investments Commission to tell lenders to make [...]

POSTED ON August 10, 2011
St George: Bank of the year

St.George reported strong customer metrics for the year ending June 2009, retaining its comfortable lead over the majors on both customer satisfaction (76.6 per cent [...]

POSTED ON November 16, 2009
Credit costs to go up under new rules

The cost of credit and loans to consumers will rise if the Australian government adopts new global rules governing bank liquidity say the Commonwealth Bank."I [...]

POSTED ON November 12, 2009
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
Complaints soar about mortgages and margin loans

The number of complaints against banks, financial institutions, advisors and insurers has soared to record levels never seen before. The financial ombudsman service is scrambling [...]

POSTED ON October 7, 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
CBA likely to repay borrower’s losses

Commonwealth Bank is likely to repay up to half of the losses suffered by about 3,000 Commbank margin borrowers who invested through Storm Financial. Bernie [...]

POSTED ON September 14, 2009
Commonwealth had secret deal with Storm

A secret deal between Commonwealth Bank and Storm Financial has been revealed to a parliamentary inquiry currently investigating the circumstances surrounding the collapse of the [...]

POSTED ON September 4, 2009
ANZ faces more margin lending trouble

ANZ Bank faces more court action over its role in the collapse of Primebroker Securities. The Supreme Court of Victoria found this week that ANZ [...]

POSTED ON September 3, 2009
Bank investors in line for big pay out

Shareholders in the major Australian banks could receive extra dividend payments in the next year. Credit Suisse says it has revised the outlook for banks [...]

POSTED ON September 3, 2009
InfoChoice more popular than ever

Traffic to the InfoChoice website has grown 56 per cent from January to June 2009. InfoChoice.com.au 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
Banks demand to know what you owe

The Australian Bankers’ Association (ABA) Chief Executive, David Bell, and ABA Director of Retail Regulatory Policy, Ian Gilbert, yesterday told the Senate Economics Committee that [...]

POSTED ON August 25, 2009
Investors continue to shun shares

Despite an 18% increase in the S&P ASX 200 to June 2009 from its low in February 2009, the number of people owning shares directly [...]

POSTED ON August 25, 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
House prices and shares up

Median house prices surged up 4.2 per cent in the June quarter, the biggest rise since the boom of 2003, according to the Australian Bureau [...]

POSTED ON August 5, 2009
Infochoice dominating financial comparisons

The global financial crises and associated frequent interest rate changes has encouraged Australians to research and compare interest rates on the internet like never before, [...]

POSTED ON July 17, 2009
Investors concerned about fund conflicts

The Australian Investors Association is concerned that continuing consolidation in the wealth management industry is harming competition and adding to potential conflicts of interest for [...]

POSTED ON July 16, 2009
Margin lending to be regulated

The corporate regulator ASIC is proposing to crack down on "exotic" margin lending practices to protect unwary consumers.Margin lenders will need to hold a financial [...]

POSTED ON July 14, 2009
Netbank problems are ‘customer related’

Reports persisted yesterday of continuing problems with transaction histories and other minor bugs on CBA's award-winning NetBank platform. The Sheet was contacted by a couple [...]

POSTED ON July 8, 2009
St George, BT wind back margin lending

St George Bank, now owned by Westpac, is cutting the gearing ratios allowed on its margin loans from forty per cent to zero on more [...]

POSTED ON July 3, 2009
Regulator wants lending with care

Banks face a crack down on their lending policies by the prudential regulator the Australian Prudential Regulation Authority. APRA's views, set out in a speech [...]

POSTED ON June 30, 2009
New consumer laws good for lenders

Lenders are breathing a sigh of relief after learning last week that they will have until January 2011 to meet the responsible lending provisions under [...]

POSTED ON June 29, 2009
Millionaires doing it tough

The number of millionaires in Australia has dropped from 168,700 in 2007 to 129,200 at the end of 2008 according to the Merrill Lynch-Capgemini Annual [...]

POSTED ON June 26, 2009
Responsible Lending? Not yet.

Banks and Credit Unions welcomed the federal government's announcement that responsible lending provisions of the new consumer credit laws will not come into force until [...]

POSTED ON June 25, 2009
Lenders back away from margin loans

Margin lending slumped 40 per cent during the March quarter, to its lowest level in nearly five years according to the Reserve Bank of Australia. [...]

POSTED ON June 10, 2009
Frozen funds trigger margin calls

Investors who used margin loans to invest in mortgage funds, property trusts and high-yield fixed income funds which have since been frozen are being hit [...]

POSTED ON May 21, 2009
Margin lending down, margin calls up

Margin lending continues to contract in Australia as investors seek to deleverage their portfolios. Margin loans outstanding were 12 per cent down in the first [...]

POSTED ON May 11, 2009
Govt reins in margin lenders

All margin lenders will have to be licensed and disclose all their fees and charges to borrowers under radical changes announced yesterday by the Minister [...]

POSTED ON May 8, 2009
Responsible loans cost more say banks

Banks are resisting the new federal government consumer credit laws that include jail terms for lenders who do not comply with responsible lending laws. Banks [...]

POSTED ON April 28, 2009
Lenders will be policed

Two hundred new ASIC staff will police banks and other lenders under the new federal government consumer credit laws, unveiled yesterday by Senator Nick Sherry.Under [...]

POSTED ON April 28, 2009
No hardship allowed under new credit law

Breaches of the responsible lending rules will be subject to criminal and civil penalties. The rules are detailed. They cover new loans, refinancing, increases in [...]

POSTED ON April 28, 2009
Finance brokers have to be reasonable

Finance brokers will not have to meet the same obligations as lenders under the responsible lending provisions in the new national consumer protection law. Brokers [...]

POSTED ON April 28, 2009
Mortgages, margin loans to be reviewed

The Parliamentary Joint Committee on Corporations and Financial Services' inquiry into financial products and services will include a review of banking products. Reflecting the transfer [...]

POSTED ON April 21, 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
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
Half per cent rate cut for March

Market expectations of a 0.5 per cent rate cut firmed yesterday to a 100 per cent certainty after the release of the Reserve bank Board [...]

POSTED ON February 18, 2009
CBA needs to keep future rate cuts

The Commonwealth Bank has signalled that it may not pass on in full to borrowers any future rate cuts delivered by the Reserve Bank of [...]

POSTED ON February 12, 2009
Margin lending declines at Commonwealth

Commonwealth Bank's margin lending business has plunged from $8 billion to $5.5 billion in six months, though this is in line with the decline in [...]

POSTED ON February 12, 2009
No more big rate cuts

A slightly improved economic outlook for Australia has caused many analysts to revise their interest rate predictions. The Reserve Bank is now not expected to [...]

POSTED ON February 9, 2009
More rate cuts and more spending needed

Further deep cuts in interest rates are needed as well as more government spending to stimulate the economy the treasury secretary Ken Henry said yesterday. [...]

POSTED ON February 6, 2009
Bad result at MacBank

Macquarie Group has axed 1,000 staff and increased write downs by $900 million on top of total impairments already flagged of $1.1 billion. Chief executive [...]

POSTED ON February 6, 2009
Banks say maybe to future rate cuts

Major banks warned yesterday that they may not pass on the full amount of any future rate cuts. NAB's retail banking executive general manager Lisa [...]

POSTED ON February 5, 2009
BankWest & St George customers unhappy

Almost one quarter of all BankWest customers and St George customers report that they are less satisfied with their bank since it has been taken [...]

POSTED ON February 5, 2009
More rate cuts on the way

Financial markets expect the Reserve bank to cut interest rates again next month by a further 0.75 per cent taking the official cash rate to [...]

POSTED ON February 4, 2009
Rate cuts to keep on coming

The Reserve Bank of Australia faces extreme pressure to deliver substantial rate cuts today and in next few months as the global economic crisis spreads. [...]

POSTED ON February 3, 2009
RBA may cut by 1.5 per cent

The Reserve Bank of Australia is likely to decide tomorrow to set a new 'floor' for Australian official interest rates of around 2 per cent [...]

POSTED ON February 2, 2009
Rates down to 2 per cent by June

Investors trading on the Sydney Futures Exchange yesterday estimated the chances of a 1.0 per cent rate cut next week by the Reserve Bank at [...]

POSTED ON January 30, 2009
Three big rate cuts coming soon

The Reserve Bank of Australia is expected to cut interest rates three times in the next four to five months. Yesterday's inflation figures indicated that [...]

POSTED ON January 29, 2009
Banks halve in value

The share price of Australia's banks has fallen by 51 per cent since July 2007 when the credit crisis began. Bank of Queensland and National [...]

POSTED ON January 29, 2009
One per cent rate cut expected

Economists are expecting the Reserve Bank of Australia to cut interest rates next Tuesday by a full one per cent despite fears inflation may not [...]

POSTED ON January 28, 2009
NAB to hold back on more rate cuts

National Australia Bank may not pass on in full any rate cuts delivered by the Reserve Bank at its February meeting. Chief executive Cameron Clyne [...]

POSTED ON January 27, 2009
Licence now needed for margin lending

Lenders without a financial services licence may find themselves roped into some version of the scheme that applies to many of their rivals now that [...]

POSTED ON January 19, 2009
Storm warnings for Macquarie and BOQ

Macquarie Bank allowed Bendigo and Adelaide Bank to cherry pick the margin loan book that the former plans to sell to the latter, leaving Macquarie [...]

POSTED ON January 14, 2009
CBA sinks Storm Financial

Storm Financial, a financial planning business that pushed margin loans, fell into voluntary administration after Commonwealth Bank called in a $10 million loan. Storm, which [...]

POSTED ON January 13, 2009
Caution over margin loans

CommSec is still opening 400 new margin lending accounts a week, though not many clients are activating those accounts. Lower interest rates may be making [...]

POSTED ON January 12, 2009
Bendigo buys margin loans from Macquarie

Bendigo and Adlaide Bank has purchased Macquarie Bank's $1.5 billion in margin loans for $52 million in convertible preference shares. Bendigo has been forced to [...]

POSTED ON January 9, 2009
Margin calls it new record highs

Almost nine hundred investors per day were subjected to margin calls during the September quarter of 2008 according to figures released by the Reserve Bank [...]

POSTED ON January 9, 2009
Rates to be slashed

Interest rates are expected to come down by at least another one full percentage point by June 2009 as the central bank and the government [...]

POSTED ON January 5, 2009
Legal actions mounting up for ANZ

ANZ faces class action legal suit in the USA over the Opes Prime crisis. The action by affected US investors claims they were not informed [...]

POSTED ON December 31, 2008
Commonwealth Bank shares suspended

Commonwealth Bank faces inquiries by the Australian Stock Exchange and the Australian Securities and Investment Commission over the timing and handling of the announcement that [...]

POSTED ON December 18, 2008
Rates to fall to three per cent

National Australia Bank is now predicting interest rates will fall further than previously expected early next year. Markets are pricing in rate cuts of 1.5 [...]

POSTED ON December 17, 2008