News

86 400 to cut savings account rate, ING to waive bonus rate criteria

Another smaller bank is cutting savings account interest rates, while a larger one is making it easier to earn interest during the COVID-19 pandemic.

By William Jolly ● April 09, 2020

Australia well equipped to deal with economic fallout from coronavirus

Australia's central bank has painted a cautious but positive outlook for the country's financial system as it grapples with COVID-19.

By Alex Brewster ● April 09, 2020

Coronavirus could see rent prices drop by 10%

A surge in vacancy rates sparked by the coronavirus pandemic could see rents drop by as much as 10%.

By Emma Duffy ● April 09, 2020

Challenger lenders edge closer to 1% fixed home loans

No lender has taken the 1% jump yet, but several in the past week have cut home loans to rates as low as 2.09% p.a.

By Harrison Astbury ● April 09, 2020

Record number of digital wallet transactions made in March 2020

Australians are turning to digital wallets in record numbers to buy things during the COVID-19 panic.

By William Jolly ● April 09, 2020

Coronavirus JobKeeper package to be passed in Parliament

The Federal Government's $130 billion 'JobKeeper' package is expected to be passed in parliament today, but accounting bodies are warning businesses to do their research before applying for the subsidy.

By Emma Duffy ● April 08, 2020

New loan values in February fell 1.7% pre-coronavirus

New loan values in February 2020 were down 1.7% in seasonally adjusted terms compared to January, according to data released today.

By Harrison Astbury ● April 08, 2020

AMP cuts introductory interest rate barely a week after raising it

AMP has rolled back the interest rate on its once market-leading introductory savings account, barely a week after increasing it by more than 50 basis points.

By William Jolly ● April 08, 2020

Sydney and Melbourne property prices could fall up to 30% due to coronavirus

New research has painted a grim picture for the Australian property market's future should the coronavirus pandemic worsen.

By Alex Brewster ● April 08, 2020

RBA holds cash rate at 0.25%

Australia's cash rate will remain unchanged in April, following a tumultuous month which saw two cuts.

By William Jolly ● April 07, 2020

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