millennials save money

Australia’s annual household savings rate is at an 11-year low

Australia’s household savings ratio fell to 3% in 2018-19, the lowest annual savings rate in eleven years.

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millennials save money

Property market will continue to strengthen in 2020: NAB

The Australian housing market will continue to gain momentum in 2020, according to the latest research from NAB.

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millennials save money

Many Aussies “dead wrong” about property investors

When most people think of a property investor, it’s easy to think of some fat cat in a suit hoarding up as many homes as they can on the cheap before selling them off for a profit, to the chagrin of those struggling to enter the property market.

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millennials save money

Judo Bank launches new 2.35% p.a. six-month term deposit

New neobank Judo Bank has added another competitive term deposit to its product suite, now offering a 2.35% p.a. term deposit for six months.

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millennials save money

Beem It now allows instant transfers to multiple bank accounts

Bank-backed payments app Beem It has launched a new feature allowing users to instantly transfer money between several different bank accounts as well as set up scheduled payments.

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millennials save money

First home buyers don’t care much for the cash rate

Home loan interest rates may be falling to new lows each month (or so it would seem), but this doesn’t seem to always have a positive effect on first homeowner activity, according to new research.

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millennials save money

NAB finds consumer anxiety on the rise

People’s concern about their future spending and savings rose over the September quarter, according to NAB, but still remains below average.

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millennials save money

Treasurer announces ACCC inquiry into mortgage prices

Treasurer Josh Frydenberg has today asked Australia’s competition watchdog to conduct an inquiry into the banking sector’s refusal to pass on recent interest rate cuts in full to its customers.

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millennials save money

UBank cuts savings rate by 31 basis points

Popular online bank UBank has slashed the interest rate on its savings account products by 31 basis points – more than the official cash rate cut.

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millennials save money

Why you should never redeem points for products over flights

Airline points experts have crunched the numbers on rewards points and confirmed that flights remain much better value for points than consumer products.

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