Mortgage delinquencies rise as wages growth remains “stubbornly low”: ANZ
An increasing number of Australian households are struggling to meet their mortgage repayments, according to ANZ’s half-year results.
May 02, 2019
NAB cuts dividend in wake of mounting costs from royal commission
National Australia Bank (NAB) has been forced to slash its dividend after massive customer compensation bills in the wake of the Hayne inquiry.
May 02, 2019
Australians accumulating less credit card debt
Bank credit card lending in Australia has had one of the biggest annual falls, according to new figures.
May 01, 2019
How open banking could save you money
Every tap-n-go, click and auto-debit you make creates financial data. This information is becoming increasingly valuable, and now the government wants to give you the power to use it for your own benefit. It also wants to make your use of this financial information the catalyst to drive competition and innovation among the banks and organisations. It’s called open banking and it’s set to revolutionise the banking industry – and save you money too.
May 01, 2019
Sydney’s median house price could drop below $1 million
Sydney’s median house price will fall below $1 million within the next two months if the current rate of decline continues, according to Domain.
April 30, 2019
“Housing in Australia is broken”: Report highlights plight of low income earners
Rental affordability for people on the aged pension has dropped to its lowest level in six years, according to a new report.
April 29, 2019
Financial illiteracy among older Australians is at “dangerous levels”
A simple three-question quiz has stumped nine in 10 older Australians in a study researchers say has exposed the “dangerous levels” of financial illiteracy among Baby Boomers.
April 26, 2019
Australia is a casual work nation, and most of these jobs face automation, OECD warns
About 36% of Australian jobs face a high risk of being automated, which could lead to the emergence of lower quality jobs as a result, the Organisation for Economic Co-operation and Development (OECD) says.
April 26, 2019
A third of Australians would trust a robot to handle their finances, research reveals
A third of Australians would trust a bot over a real person to offer them financial advice, as faith in the human side of the financial sector wavers in the wake of the Banking Royal Commission.
April 24, 2019
House price falls slowing as listings drop
House prices across Australia stopped falling last week, as the number of property listings took a dive.
April 24, 2019
