Trending Financial News 18 March 2020

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 [...]

POSTED ON March 18, 2020
Trending Financial News 13 March 2020

“Brutal” share market crash sweeps the globe Share markets in the USA and Europe crashed overnight in the biggest global share sell-off since the Black [...]

POSTED ON March 13, 2020
Trending Financial News 6 March 2020

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 [...]

POSTED ON March 6, 2020
Trending Financial News 25 February 2020

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 [...]

POSTED ON February 25, 2020
Trending Financial News 18 February 2020

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 [...]

POSTED ON February 18, 2020
Trending Financial News 13 February 2020

One in Four Aussies choose Commonwealth Bank Commonwealth Bank is attracting more new customers in home loans and basic banking products. Commonwealth Bank grew its [...]

POSTED ON February 13, 2020
Trending Financial News 10 February 2020

It’s official – there is a bank loyalty tax Older variable rate mortgages typically have higher interest rates than new loans, even when borrowers of [...]

POSTED ON February 10, 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 5 February 2020

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 [...]

POSTED ON February 5, 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 29 January 2020

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, [...]

POSTED ON January 29, 2020
Trending Financial News 24 January 2020

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 [...]

POSTED ON January 24, 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 16 January 2020

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. [...]

POSTED ON January 16, 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
Trending Financial News 13 January 2020

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 [...]

POSTED ON January 13, 2020
Trending Financial News 10 January 2020

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 [...]

POSTED ON January 10, 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 8 Jan 2020

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 [...]

POSTED ON January 8, 2020
Trending Financial News 7 Jan 2020

*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 [...]

POSTED ON January 7, 2020
Trending Financial News 18 December

Banks must provide NO-FEE bank accounts The Australian Banking Association’s updated Banking Code of Practice has been approved by  ASIC and will commence 1 March [...]

POSTED ON December 18, 2019
Trending Financial News 17 December

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 [...]

POSTED ON December 17, 2019
Trending Financial News 6 December

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 [...]

POSTED ON December 6, 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 4 December

Opal card loophole costs NSW govt millions A common Opal card legal ‘scam’ is costing the NSW government millions each year as commuters rack up [...]

POSTED ON December 4, 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 2 December

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 [...]

POSTED ON December 2, 2019
Trending Financial News 29 November

RBA hoses down money printing talk Australia does not yet require a radical departure from conventional monetary policy into quantitative easing (QE) or ‘money printing’ [...]

POSTED ON November 29, 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 25 November

Westpac share price crashes Westpac shares have crashed in two days of trading last week and may still fall further when markets open this week. [...]

POSTED ON November 25, 2019
Trending Financial News 22 November

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 [...]

POSTED ON November 22, 2019
Trending Financial News 21 November

NAB to pay $50M in compo to customers National Australia Bank has agreed to pay $49.5 million to settle a class action lawsuit over Consumer [...]

POSTED ON November 21, 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 14 November

Banks offer help to bushfire victims Wild deadly bushfires are still out of control across much of northern NSW and Queensland. New South Wales and [...]

POSTED ON November 14, 2019
Trending Financial News 13 November

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 [...]

POSTED ON November 13, 2019
Trending Financial News 12 November

Judo Bank faces heavyweight fight for name A legal battle over the name Judo has erupted with business lender and term deposit provider Judo Bank [...]

POSTED ON November 12, 2019
Trending Financial News 11 November

More than 100 variable home loans under 3.5% There are now many more than 100 variable home loan products with comparison rates under 3.5 per [...]

POSTED ON November 11, 2019
Trending Financial News 7 November

More Aussies are looking into a new mortgage … The number of Australians making enquiries about applying for a new mortgage has increased for the [...]

POSTED ON November 7, 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 31 October

*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 [...]

POSTED ON October 31, 2019
Trending Financial News 29 October

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 [...]

POSTED ON October 29, 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 25 October

PayPal credit card coming soon Citi Australia has announced it will develop credit products for PayPal, the online payments and wallet company that claims eight [...]

POSTED ON October 25, 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 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 16 October

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 [...]

POSTED ON October 16, 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 10 October

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 [...]

POSTED ON October 10, 2019
Trending Financial News 9 October

ANZ to pay more compo to customers ANZ Bank will pay remediation costs of $559 million to customers who have been charged fees wrongly on [...]

POSTED ON October 9, 2019
Trending Financial News 7 October

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 [...]

POSTED ON October 7, 2019
Trending Financial News 4 October

Government tells borrowers – vote with your feet The treasurer Josh Frydenberg has again slammed banks for not passing on the full amount of the [...]

POSTED ON October 4, 2019
Trending Financial News 3 October

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 [...]

POSTED ON October 3, 2019
Trending Financial News 2 October

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 [...]

POSTED ON October 2, 2019
Trending Financial News 1 October

Sydney property prices are rising – at last After two years of falling home values, Sydney house prices are now rising again as buyer activity [...]

POSTED ON October 1, 2019
Trending Financial News 26 September 2019

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. [...]

POSTED ON September 26, 2019
Trending Financial News 20 September 2019

Morrison government moves to limit cash The Morrison government has introduced a new bill to parliament to ban business cash transactions of $10,000 or more. [...]

POSTED ON September 20, 2019
Trending Financial News 17 September 2019

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 [...]

POSTED ON September 17, 2019
Trending Financial News 12 September 2019

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 [...]

POSTED ON September 12, 2019
Trending Financial News 11 September 2019

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 [...]

POSTED ON September 11, 2019
Trending Financial News 10 September 2019

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 [...]

POSTED ON September 10, 2019
Trending Financial News 5 September 2019

*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 [...]

POSTED ON September 5, 2019
Trending Financial News 4 September 2019

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 [...]

POSTED ON September 4, 2019
Trending Financial News 3 September 2019

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 [...]

POSTED ON September 3, 2019
Trending Financial News 30 August

Borrowers are not finding the cheapest home loans “We believe that some consumers are likely taking out loans when cheaper alternatives exist,” said the latest [...]

POSTED ON August 30, 2019
Trending Financial News 29 August

Older Aussies still repaying the mortgage Average mortgage debt among older Australians, over 55 years, has soared from $27,000 to more than $185,000, according to [...]

POSTED ON August 29, 2019
Trending Financial News 28 August

Car loan rates crash to under 5% Peer-to-peer lender RateSetter has dropped its car loan interest rates. RateSetter’s new advertised rates start from 4.69 per [...]

POSTED ON August 28, 2019
Trending Financial News 26 August

MyState expands out of heartland MyState is now selling more loans and financial products outside of Tasmania than within its home state. MyState now offers [...]

POSTED ON August 26, 2019
Trending Financial News 23 August

Not everyone likes the new Commbank app The Commonwealth Bank’s new app, CommBank app 4.0 is being hailed as a transformative step on the road [...]

POSTED ON August 23, 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 21 August

RBA demands banks deliver real-time payments The Reserve Bank has issued a firm warning to the big banks that they will face huge fines unless [...]

POSTED ON August 21, 2019
Trending Financial News 20 August

Citi credit cards get a Buy Now Pay Later option Citi Australia cardholders will get the option of paying for goods from big online retailer [...]

POSTED ON August 20, 2019
Trending Financial News 19 August

New Westpac loan rules in effect tomorrow Westpac has announced new loan rules that come into effect tomorrow for all new Westpac, St George, Bank [...]

POSTED ON August 19, 2019
Trending Financial News 14 August

One debt collector is the king of bankruptcy The Financial Counsellors association, the Consumer Action Law Centre and the Financial Rights Legal Centre are all [...]

POSTED ON August 14, 2019
Trending Financial News 13 August

Aussie John wants his home loans back “Aussie” John Symond, the founder of non-bank lender Aussie Home Loans has suggested he wants to buy back [...]

POSTED ON August 13, 2019