Australia’s internet speed has, arguably, always been slow. Certainly, when compared with other countries it is underperforming. In fact, Australia's internet infrastructure is ranked 54th [...]
The good news for motorists travelling down Australia’s highways is there has been less traffic. Less traffic leads to less accidents. And less accidents, mean [...]
The real estate industry is now adapting to social distancing policies that will affect open houses and auctions. Property auctions have been banned in a [...]
Can I get Coronavirus COVID-19 from cash? Dr Andrew Stewardson from Monash University said it is possible that infected people could pass on coronavirus through [...]
RBA tipped to cut rates THIS WEEK The Reserve Bank is tipped to announce another rate cut this week, in response to the growing threat [...]
Six and half million Australians will be paid $750 directly into their bank accounts in the fortnight starting 31 March 2020. Prime Minister Scott Morrison’s [...]
CUA slashes savings account rates CUA has slashed at-call savings account rates by up to 0.30% pa following the RBA’s 0.25 percentage point rate cut [...]
Big increase in customers for ING ING is celebrating more than 20 years in Australia by announcing a big increase in customer numbers over the [...]
BREAKING: NAB cuts savings rates by 0.25% pa Effective immediately, National Australia Bank has today announced 0.25% pa cuts to all at-call saving accounts rates. [...]
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 [...]
Xinja Bank STOPS accepting NEW CUSTOMERS The Xinja Bank Stash account is, from today, closed to new customers. Eric Wilson, the neobank’s CEO, announced yesterday [...]
Which banks have cut home loan interest rates? The Reserve Bank cut interest rates on 3 March by 0.25 percentage points to 0.50%. All four [...]
MEDIA RELEASE Monday 2 March 2020 Interest rates update – all the lenders under 3% paRBA meeting tomorrow – rates could be cut to 0.5% [...]
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 [...]
Bitcoin and most other major cryptocurrency prices are falling fast. Ethereum, XRP (Ripple), Bitcoin Cash, Litecoin, Steller Lumens and EOS have all fallen sharply over [...]
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 [...]
Commonwealth Bank will pay your mortgage if your spouse dies Commonwealth Bank is Australia’s biggest home loan provider. Commonwealth Bank yesterday announced a new complimentary [...]
Lady Gaga puts a ring on it for Klarna Lady Gaga is promoting female empowerment, with the support of payment app Klarna and fashion activist [...]
Millennials choose: Smashed Avo vs first home deposit Young Australians have been accused in the media of choosing to eat expensive meals at coffee shops [...]
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 [...]
Home loan market is red hot The number of new home loans approved for owner occupiers rose 17.9% in December 2019, over the previous December, [...]
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 [...]
Westpac shareholders launch class action A class action claim has been lodged in the United States District Court on behalf of Westpac shareholders who bought [...]
MEDIA RELEASEMonday 3 February 2020 Game changing new savings account has no base /max rate rulesSavers moving away from big four to find better rates [...]
The First home Loan Deposit Scheme has opened and applications are being accepted. Here are some common questions about the FHLDS: How many FHLDS loans [...]
More borrowers are comparing and leaving the big four The proportion of the home loan market controlled by the big four Australian banks, Commbank, Westpac, [...]
Small lenders join Commbank and NAB in FHLDS Commonwealth bank and National Australia Bank are said to be experiencing very strong demand from potential first [...]
How much are credit card and Eftpos fees? When you pay with a credit or debit card in-store the merchant may add a card surcharge [...]
Who is REALLY getting the better deal? Aussies love tapping their phone or their card instore or online. And Aussies hate ATM fees for withdrawing [...]
Platinum, black and gold level credit cards offer a higher level of service than the average credit card. These are credit cards for people who [...]
You have packed away the Christmas tree and now it’s time to think about where you are headed financially for 2020. If, like many at [...]
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 [...]
Right now, banks and other card issuers are competing hard to win new credit card customers and right now, in January 2020, there are some [...]
ANZ gives $1 million to bushfire victims ANZ Bank have announced a range of support measures including a financial assistance package for communities affected by bushfires. [...]
The new year brings a new opportunity for savers and investors to review their accounts, compare returns and ensure they are getting the best rates [...]
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 [...]
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 [...]
Can you get instant approval on an unsecured business loan? YES, you can get very fast, (a few minutes) conditional approval on many loans now [...]
A bank buys Warney’s cap! Australia's all-time leading Test cricket wicket-taker and Victoria’s legendary bowler, Shane Warne, has auctioned his iconic Australian baggy green cap [...]
Fake tradies prey on bushfire victims The corporate watchdog, the Australian Securities and Investments Commission (ASIC) is warning consumers and business owners to watch out [...]
The great crypto clean out of 2020 Cyrptocurrency markets may be cleaning out the non-performing lesser known cryptocurrencies in favour of Bitcoin and one or [...]
First Home Loan Deposit Scheme slammed by experts The federal government’s First Home Loan Deposit Scheme does not address the causes of high home prices [...]
In January 2020, InfoChoice’s top term deposits include products with market-leading rates, like the Green Term Deposit from UBank, Citi Australia’s term deposits and Judo [...]
Have you been hit with post christmas debt? If you spent up big on gifts for family, friends and general good times, you could have [...]
Australia’s top New Years Resolutions relate to improving health, finances, relationships, home and careers. New Years resolutions are a common tradition in Australia and other [...]
Are you living in a bushfire affected area in New South Wales, Victoria, Queensland or South Australia? Is your property currently impacted or damaged by [...]
Do you want to donate money or goods or services to help out people and families fighting bushfire in Australia? This is a page of [...]
ANZ promises 5-min credit card applications ANZ Bank offers some of Australia’s most popular credit cards including the ANZ Rewards Black Card (currently offering 150,000 bonus Rewards [...]
A new Chinese bank opening in Australia Australia’s newest digital bank, IN1Bank, is preparing to take on HSBC and the Bank of China and appeal [...]
Property investors looking to take advantage of current market trends, shouldn’t just jump into the market because interest rates are low and lending standards have [...]
Banks consider credit card gambling ban The Australian Bankers Association is proposing new restrictions on the use of credit cards for gambling. The ABA set [...]
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 [...]
Business lending is in the doldrums The latest Reserve Bank data shows a fall in the value of lenders’ business loan portfolios for the first [...]
History of Virgin Money in Australia Virgin Money is an Australian financial services business now owned 100 per cent by Bank of Queensland. The Virgin [...]
Christmas shopping scams are booming in 2019. Australians are falling victim to Christmas online shopping scams at an alarming rate. Already, before the end of [...]
MEDIA RELEASE Sunday 24 November 2019 Rates Update: 100 home loans under 3.3% pa Savers can still get over 2% pa Expectations of another RBA [...]
Scott Morrison tells Westpac to clean up The prime minister Scott Morrison has told the Westpac board to consider the future of chief executive Brian [...]
How to turn $100 into $1600 now. Sandra* is a self-funded retiree, with just a small part-pension from Centrelink. Sandra keeps an eye on her [...]
594,000 Aussies cut up their credit cards Almost one million Australians ditched their credit card in the 12 months to September, the Reserve Bank reported [...]
More Aussies are looking into a new mortgage … The number of Australians making enquiries about applying for a new mortgage has increased for the [...]
MEDIA RELEASE Tuesday 5 November 2019 The Reserve Bank of Australia has left the Official Overnight Cash Rate (OCR) unchanged at 0.75 per cent. The [...]
*Disclaimer: Citi credit card product names have changed effective 20 Jan 2020 as following: Citi Clear Platinum is now Citi Clear; Citi Rewards Platinum is now Citi [...]
First Home Buyer Deposit Scheme caps announced The Morrison government’s First Home Buyer Deposit Scheme will start on 1 January 2020. The scheme will guarantee [...]
MEDIA RELEASE 25 October 2019 NAB and Westpac announce new rate cuts for saversANZ Notice TD 7m 1.6% special offer is top big 4 term [...]
Do you need money fast? Are you looking for a quick personal loan online? InfoChoice has collected four of the fastest online lenders offering personal [...]
Bank branches are disappearing – fast Almost 10 per cent of bank branches have closed over the last two years. 16 per cent of ATMs [...]
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 [...]
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 [...]
Which Sydney suburb has the highest rental yield? The average rental yield in the greater Sydney area is 2.8 per cent for houses and 3.7 [...]
Is the Facebook Libra Association dead? No Facebook Libra is not dead, in fact it’s very much alive. The Libra Association has elected a board [...]
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 [...]
MEDIA RELEASE 10 October 2019 There are now 16 five-year fixed rate home loan products with advertised rates under 3 per cent pa listed on [...]
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 [...]
CommBank cuts fixed rates under 3% From today, Commonwealth Bank’s advertised 2 and 3 year (OO, P&I) fixed rates in the “Wealth Package” have been [...]
More lenders cut home loan rates More lenders are announcing rate cuts following the RBA’s October rate cut of 0.25 percentage points on Tuesday. P&N [...]
Scott Morrison says banks are ‘profiteering’ The Prime Minister Scott Morrison has slammed the big four banks for not passing on the RBA’s October rate [...]
MEDIA RELEASE 2 October 2019 The big banks have defied the treasurer Josh Frydenberg and NOT passed through the entire 0.25% RBA rate cut to [...]
Owner occupier rule change hits 100,000 borrowers Around 100,000 Australian home loan borrowers could be hit with interest rate increases on owner occupier mortgages after [...]
Sydney property prices are rising – at last After two years of falling home values, Sydney house prices are now rising again as buyer activity [...]
MEDIA RELEASE 30 September 2019 PLENTY OF SCHOOL SAVERS OUTPERFORM COMMBANK ASIC’s announcement of a review into the school banking sector is already attracting attention [...]
The outlook for Australian property prices is improving. Prices are rising, and home buyers are flocking back into the market. First home buyers in particular [...]
RBA expected to cut rates on Tuesday The Reserve Bank of Australia is expected to cut official interest rates this week, bringing the leading home [...]
Sydney no longer Australia’s most expensive housing market Sydney has lost its title as Australia’s most expensive city for homes to Byron Bay, population 30,000. [...]
Big banks cut savings rates ANZ Bank has cut savings account interest rates by 0.10 per cent. Westpac announced a cut of 0.10 per cent [...]
Where can you find a property bargain? The cost of living in Sydney is inarguably high. As a comparison, house prices are approximately 23 per [...]
New monthly premium LMI launched Big lenders mortgage insurance provider Genworth announced the launch of a new LMI product not requiring the premium to be [...]
Xinja Bank is a new kind of bank that is not yet fully operational. In the next few months Xinja will launch new accounts and [...]
What are the odds of winning Powerball? The Powerball jackpot this week is the biggest in Australian history at $150 million and one in three [...]
Open banking is finally here in Australia, thanks to Scott Morrison, who saw how well it worked in the UK. You’ll be able to control [...]
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, [...]
Borrowers switching to Principal & Interest Home loan borrowers are ditching interest-only loans as they look to reduce mortgage debt in the current low rate [...]
First Home Buyer Loan Deposit Scheme is coming soon The First Home Loan Deposit Scheme legislation will be introduced to parliament today to enable the [...]
CURRENCY CONVERSION RIP-OFF Big banks under sustained fire from regulators The big four banks and AMP Bank face 86 royal commission related investigations plus 59 [...]
ASIC appeals “Wagyu and Shiraz” ruling The corporate watchdog, the Australian Securities and Investments Commission, has lodged an appeal against a Federal Court decision in [...]
A new Aussie bank opens its (mobile) doors Sydney-based Xinja Bank has begun marketing transaction accounts to customers after securing a full banking licence from [...]
Westpac takes axe to home loan rates Westpac has entered the home loan rate cutting war by announcing some extraordinary low rates for first home [...]
Points rewards schemes are hard to understand 90 per cent of Australian consumers are members of at least one loyalty scheme. The average Aussie has [...]
*Disclaimer: Citi credit card product names have changed effective 20 Jan 2020 as following: Citi Clear Platinum is now Citi Clear; Citi Rewards Platinum is now Citi [...]
Sydney and Melbourne lead home price turnaround Average home prices in Australian capital cities rose during August, for the first time since August 2017, according [...]
New Aussie bank taking deposits from tomorrow Australia’s newest business bank, Judo Bank, is opening for deposits with a line of competitively priced term products [...]