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millennials save money

CBA results: Borrowers at capacity increase, large swing back to variable-rate home loans

The full financial year results of Australia's largest bank are in, which indicates up to three quarters of new home loans are on variable-rate terms.

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millennials save money

Car statistics Australia

Ever wondered how far people are driving, or how many car loans are taken out? Well now you can find out.

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millennials save money

Which fixed-rate home loans offer an offset account?

Offset accounts are typically more popular with variable-rate home loans, but there are a handful attached to fixed-rate loans, too.

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Which banks increased term deposit rates this week?

Judo, Macquarie, Suncorp and other challenger banks have increased term deposit rates by up to 125 basis points in the past week.

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Is now a good time for the government to review the RBA?

Federal Treasurer Jim Chalmers has announced it's time for a review into the Reserve Bank's operations, nearly 60 years after the last one.

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Could you afford a 45% rise in mortgage payments?

Reserve Bank Deputy Governor Michele Bullock says the majority of customers on fixed-rate home loans will roll into variable rates in the next two years.

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Can you still get a home loan under 2%?

Despite the Reserve Bank increasing the cash rate rapidly through 2022, there are still a handful of lenders offering competitive home loan deals.

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Mortgage prisoners: Homeowners urged to refinance now

Rising interest rates mean some homeowners may be forced to endure higher repayments while unable to refinance.

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millennials save money

Unemployment rate hits new record low, 3.5%

The ABS' labour force data points to an insatiable demand for workers as the unemployment rate hit a new low of 3.5%.

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millennials save money

How can parents help kids start their investment journey?

Until recently there weren’t many investment avenues for kids outside of savings accounts - this is where the iTrust Invest app fills a niche.

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millennials save money

What are private loans?

Ever needed an alternative source of funding to a home loan or personal loan? This is where private loans could come in handy.

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millennials save money

Popular budgeting app Pocketbook axed as BNPL Zip bleeds cash

The Zip-owned Pocketbook budgeting app is no more as the buy now pay later company condenses its product lines.

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Mortgage distress is up as debt and interest rate concerns mount

ANALYSIS: Who's going to be left holding the bag on rising rates, declining home prices, and rising debt levels? Recent homebuyers.

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millennials save money

Home loans by the numbers: Mortgage statistics in Australia

Discover the latest statistics for home loans in Australia, including: average interest rates, average loan size, monthly first home buyer approvals and more.

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millennials save money

RBA increases cash rate by 50 basis points for July

At its July monetary policy meeting the Reserve Bank increased the cash rate by 50bps - it now sits at 1.35%.

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How are rate hikes affecting appetites for mortgages?

RBA data shows credit growth is slowing amid rate hikes and inflation concerns.

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millennials save money

Is neobanking dead? Volt Bank to hand back banking licence

Volt Bank intends to return all customers' funds and hand back its banking licence.

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millennials save money

Which lenders still offer cashback on mortgages?

After being in other states for a few months, OneTwo has launched in Queensland and extended its $5,000 cashback offer.

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Should I press savings, credit or cheque on a EFTPOS machine?

Ever gone to pay for something and wondered what the difference is between pressing Savings, Credit, or Cheque? Well now you can find out.

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millennials save money

Which banks have increased rates for savers after the RBA decision?

The Reserve Bank's cash rate is now at 0.85%, and while there's much focus on the increases to home loan rates, savers shouldn't be forgotten about.

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millennials save money

Which banks increased term deposit rates this week?

In a busy week of term deposit rate activity, Judo Bank and customer-owned institutions such as Great Southern Bank and Teachers Mutual led the charge.

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Did the RBA overstimulate the economy?

ANALYSIS: RBA Governor Dr Philip Lowe said the "insurance policy" against Covid consequences was worth the risk.

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Some fixed home loan rates are over 6% so who's actually locking these in?

ANZ has hiked fixed home loan rates by 90 basis points (0.90%), leaving some products' rates nearly triple what they were just over a year ago.

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Non-bank lender Nano amasses $550m in mortgages in a year

In a joint research effort with CoreLogic, Nano revealed other lenders' customers are losing out on property because the approval process is too long.

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Cybersecurity expert reveals the top tax-time scams in 2022

A cybersecurity expert has delivered his insights into which tax-related scams are doing the rounds in 2022.

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