Minimum wage to rise 3%: Workers set to earn extra $1,123 per year
In a decision that will affect around 2.2 million workers, Australia’s Fair Work Commission has announced from 1 July 2019, the national minimum wage will increase 3% to $740.80 per week, or $19.49 per hour.
May 30, 2019
Non-bank lenders on the rise
Recent growth in Australia’s non-bank mortgage lending sector is showing no signs of slowing, an international round table has heard.
May 29, 2019
Big four bank customers the most likely to switch banks
Customers of the big four banks are more likely to switch to another bank, according to a new study.
May 28, 2019
Petrol prices slide in Australia’s big cities, further falls ahead?
Motorists in Sydney, Melbourne and Brisbane enjoyed falling petrol prices last week, with unleaded pump prices falling between eight to 11 cents a litre.
May 27, 2019
Westpac forecasts 0.75% cash rate – home loan rates to fall below 3%?
Australia’s cash rate is set to plunge to 0.75% by the end of 2019, according to Westpac’s latest forecasts
May 24, 2019
Research reveals used car prices are cheaper in second half of the year
Analysis of over a decade’s worth of used car pricing data has revealed a number of interesting trends that may be useful for used car buyers and sellers.
May 23, 2019
RBA seemingly all but certain to cut the cash rate in June
The governor of Australia’s central bank has ostensibly given Australia a heads up that the cash rate will be cut next month for the first time since August 2016.
May 22, 2019
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.
May 21, 2019
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.
May 20, 2019
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.
May 17, 2019
