News

Big banks lose market share in tough home loan environment

The major bank’s market share of residential mortgages fell by nearly 100 basis points to 81.2% in 2019, as subdued lending conditions and more intense competition put the squeeze on.

By William Jolly ● November 08, 2019

Wildcard: The reverse budgeting app

It can be hard to resist spending your entire paycheck sometimes, particularly with the temptation of buy now pay later services like Afterpay and Zip. Most young Aussies (aged 18-29) have less than $5,000 in the bank, with nearly a quarter (24%) having under $1,000, according to a 2018 triple j survey.

By Emma Duffy ● November 07, 2019

Australian homes up to 66% underinsured

New research from MCG Quantity Surveyors has found many Aussie property owners could have their homes underinsured by as much as 66%, potentially leading to enormous financial devastation in the event of a claim.

By Emma Duffy ● November 07, 2019

Westpac relaxes lending restrictions for investors (again)

Westpac has launched another bid to kickstart its sluggish mortgage growth, loosening rules around its Household Expenditure Measure (HEM) for investment borrowers.

By Alex Brewster ● November 07, 2019

New car sales fall off a cliff in October

New car sales have fallen by 9.1% in October compared to the same time last year, extending a downturn in the Australian car market which is now in its 19th consecutive month.

By Emma Duffy ● November 06, 2019

Mortgage stress rising while household confidence falls

The number of Australian households facing mortgage stress rose to a new high in October, according to the latest data.

By William Jolly ● November 06, 2019

Athena’s war on home loan costs

Since bursting onto Australia’s home loan market in early 2019, Athena has enticed borrowers with its attractively-low home loan interest rates, no-nonsense messaging and a proven reputation for swiftly passing on central bank rate cuts in full to its customers.

By Alex Brewster ● November 06, 2019

Refinance home loans.Rates from 1.99% p.a.

Low-rate car loansRates from 3.97%

Savings ratesof up to 3.50%

Term deposit ratesof up to 1.45%

Let us come to you. Get Savings in your inbox.

Refinance home loans.
Rates from 1.99% p.a.

Low-rate car loans
Rates from 3.97%

Savings rates
of up to 3.50%

Term deposit rates
of up to 1.45%

Let us come to you.
Get Savings in your inbox.