millennials save money

Home loan borrowing power to increase under APRA’s latest proposals

The Australian banking regulator has proposed rule changes which could allow households to take out bigger loans.

Read More…

millennials save money

Housing affordability records fastest improvement in six years: HIA

Good news for wannabe first home buyers – Australian housing has recorded the biggest quarterly improvement in affordability in nearly six years, according to the voice of Australia’s residential building industry.

Read More…

millennials save money

Loans.com.au, Bankwest, UBank and others slash mortgage rates

With Australia’s central bank widely expected to cut the cash rate in the coming months, more lenders have this week made rate cuts to some of the mortgages on offer.

Read More…

millennials save money

Unemployment rate rises to 5.2%: RBA to cut rates?

Despite a stronger-than-expected rise in employment in April, Australia’s unemployment rate has risen to 5.2% amid a surge in workforce participation.

Read More…

millennials save money

Wage growth stationary: Annual rate remains at 2.3%

The wait continues for an acceleration in wage growth in Australia, as latest figures show the annual growth rate remains below average at 2.3%.

Read More…

millennials save money

Melbourne the top destination for domestic travellers

Over 1.5 million Australians plan on spending at least one night in Melbourne on their next trip – more so than any other domestic destination.

Read More…

millennials save money

ANZ, Macquarie and others cut mortgage rates despite RBA inaction

While Australia’s central bank continues to sit on its hands, a number of lenders have been busy cutting home loan interest rates this week.

Read More…

millennials save money

Aussie bankruptcies hit 24 year low

Despite record high levels of household debt and mortgage stress in Australia, fewer Australians are filing for personal bankruptcy.

Read More…

millennials save money

Veteran buy now, pay later provider partners with Myer, IKEA & more

Flexigroup, the originator of ‘buy now, pay later’ in Australia, has announced its new payments platform, Humm, will now be available across several additional major retailers.

Read More…

millennials save money

RBA holds rates steady at 1.50%

Australia’s central bank has held the cash rate at 1.50% for the 30th meeting in a row.

Read More…