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 [...]

Less than one year after the Royal Commission into Financial Services, the big banks and other mortgage lenders face a new government inquiry. Today the [...]

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 [...]

Balance transfer credit cards give you the opportunity to make real inroads into hard-to-shift consumer debt. By giving you a long honeymoon period with no, [...]

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 [...]

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 [...]

MEDIA RELEASE 10 October 2019 Despite ACCC chair Rod Sims’ recent criticism of the bank practice of charging higher rates to loyal existing borrowers than [...]

Children’s savings accounts are in the news at the moment, mostly because of controversy surrounding the Commonwealth Bank’s school banking program, Dollarmites. In 2018, the [...]

What are interest rates around the world? In 2019, interest rates around the world are trending lower. Since the Global Financial Crisis in 2008, many [...]

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 [...]

Commonwealth Bank wants to hear from customers Commonwealth Bank is sending 8.5 million letters to its customers today inviting them to participate in a customer [...]

Are you looking for Australia’s lowest mortgage interest rate? One lender is consistently one of the cheapest lenders in Australia. Comparing home loans can be [...]

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 [...]

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

Athena Home Loans like to deliver savings When the Reserve Bank of Australia announced a 0.25 percentage point rate cut this week, the first lender [...]

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 [...]

Around 100,000 owner-occupier home loan borrowers have been reclassified as investors. The change means they could be hit with higher interest rates in the future. [...]

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 [...]

MEDIA RELEASE 1 October 2019R FIRST LENDER PASSES ON FULL RBA RATE CUT The Reserve Bank of Australia board today cut the overnight cash rate [...]

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 [...]

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 [...]

What is cardless cash? Cardless cash means withdrawing cash from an ATM without a card. Spoiler alert – it’s done with your mobile phone. It’s [...]

If you’ve been wondering about balance transfers and whether one would work for you, find out more about it all in this, your guide to [...]

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 [...]

The Australian Government guarantees deposits, up to $250,000, that are held in Authorised Deposit-taking Institutions (ADIs)– also known as banks and credit unions. The government [...]

What is a ‘community bank?’ Bendigo and Adelaide Bank has lost its exclusive right to brand itself as a community bank following a ruling in [...]

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. [...]

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 is a guarantor home loan and how does it work? Quite simply, a guarantor home loan is one that has a portion of the [...]

Property prices in Australian capital cities has been falling since 2017. Many home buyers and investors have been sitting on the sidelines, waiting to see [...]

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 [...]

The Powerball jackpot this week is the biggest in Australian history at $150 million. One in three Aussie adults is expected to play this week's [...]

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 [...]

ALL small business owners are on the hunt for a business loan, whether that is actively looking and applying, keeping an eye on the market [...]

House prices are rising again The property downturn is over and house prices are set to surge up to 10 per cent in the next [...]

MEDIA RELEASE 15 September 2019 There are now ninety-seven – 97 – home loans with advertised rates under 3 per cent pa, including 96 for [...]

New ‘secret shopper’ research reveals what each big bank is prepared to lend – and the answers will SHOCK you. In fact, the differences right [...]

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 [...]

All Centrelink payments get paid as cash into bank accounts as a right of every Australian. Until now. Since the Howard government, remote communities have [...]

Westpac announces amazing new low rates and first major regional bank goes under 3%* Westpac slashes home loan rates by up to 1.30%. Westpac has [...]

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 [...]

Your personal loan is a means to an end. Your way of achieving your dream – of a new (or used) car, a holiday, paying [...]

…. and how to get the best home loan deal ‘I want the best home loan’ By Jason Bryce Low interest rate, low fees, fixed rate, variable [...]

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 [...]

In-store credit and personal loan specialist, Latitude Financial has launched a new Buy Now, Pay Later service called LatitudePay which can be used at 195 [...]

By Richard Holdcroft With the lowest home loan interest rates in history now on offer, there are potentially huge savings to be had on your mortgage. Thanks [...]

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 [...]

MEDIA RELEASE 3 September 2019 Four-year fixed rates go under 3% The Reserve Bank of Australia board has left the official overnight cash rate (OCR) [...]

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 [...]

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 [...]

By Jason Bryce The history of interest rates in Australia tracks our national economic development and some of the biggest political and financial events in [...]

The Big Reveal: 6 ways to PAY for a home makeover By Jason Bryce Australia has home reno fever. The Block and House Rules are [...]

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 [...]

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 [...]

US President Donald Trump is an unconventional and controversial political leader. That’s not news but what you may not realise is how much influence Mr [...]

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 [...]

By Jason Bryce Banks and other credit card issuers are offering hundreds of thousands of Qantas Frequent Flyer, Virgin Velocity and other rewards points to [...]

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 [...]

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 [...]

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 [...]

How much can I save by refinancing? Refinancing your home loan could be one of the best financial decisions you ever make. And refinancing is [...]

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 [...]

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 [...]

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 [...]

Westpac has emerged victorious after a bombshell court decision today that vindicates automated assessments of loan applicant’s living expenses using a formula called the Household [...]

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 [...]

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 [...]

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 [...]

By Jason Bryce Prime Minister Scott Morrison famously believes in miracles and now I do too. I have just received my personal ‘dividend’ payment from [...]

Big Aussie Bank for sale – going cheap AMP has refused to comment on speculation it is selling its retail banking arm – AMP Bank. [...]

Dry July is over and plenty of Aussies who have been off the grog for 31 days are really looking forward to getting to the [...]

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 [...]

Too low for zero: will interest rates hit 0%? (8 October 2019) Reserve Bank of Australia (RBA) governor Phillip Lowe is reluctant to cut interest [...]

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 [...]

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 [...]

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 [...]

Commonwealth Bank has launched a new micro-investing app called CommSec Pocket which turns saving into investing. And InfoChoice has downloaded it, opened an account, set [...]

Home loan rates have hit all-time record lows. The property market is showing signs of recovery. Regulators have eased home loan eligibility guidelines. Lenders are [...]

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 [...]

After two years of negative news and big price falls, Australia’s property market outlook is finally improving. Three capital cities recorded average price rises in [...]

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 [...]

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 [...]

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 [...]

Australian property markets are turning around. Borrowers are feeling better about new loan rules and most Aussies are not at all concerned that house prices [...]

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 [...]

When you need a car, whether it’s your first vehicle or an upgrade to a bigger and better model, you have the choice of: 1) [...]

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 [...]

Afterpay is part of a new wave of ‘Buy now, Pay later’ apps and online wallets that is sweeping the world. Afterpay allows you to [...]

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 [...]