News

Neobank Xinja cutting Stash savings account rate to 1.80%

Xinja will drop its Stash savings account rate from 2.25% p.a. to 1.80% p.a.

By Alex Brewster ● May 07, 2020

COVID-19 forces $1.5 billion in gambling savings

If one silver lining exists from COVID-19, it's this: Australians have saved themselves $1.5 billion from gambling losses.

By William Jolly ● May 07, 2020

Should you buy an investment property in 2020?

2020 has been a tumultuous year, to say the least. So is it better to save your money and invest next year, or does 2020 present a unique opportunity in the property market?

By Alex Brewster ● May 06, 2020

Coronavirus drives record growth for retail sales in March

Retail sales increased by a record 8.5% in March, as panic buying and online shopping spurred an enormous increase in consumer activity.

By Emma Duffy ● May 06, 2020

First home buyers still flooding market despite COVID-19 lending woes

Loan values for first home buyers increased in March despite soft results in other areas, according to newly released data.

By Harrison Astbury ● May 06, 2020

Almost one million jobs lost, wages down by 8% in a month

In damning figures released by the Australia Bureau of Statistics today, COVID-19 has led to 975,000 jobs losses and a 8.2% fall in wages in just one month.

By Harrison Astbury ● May 05, 2020

New car sales halve in largest ever monthly decline

New car sales fell by 48.5% in April compared to the same period last year, as the economic fallout from COVID-19 deepens.

By Alex Brewster ● May 05, 2020

Customer spending "may be past its lowest point", Commbank says

Spending momentum in Australia has improved over the last couple of weeks, indicating the nation may be past the bottom of the COVID-19 spending trough.

By William Jolly ● May 05, 2020

Is the RBA going to change rates today?

After holding the cash rate steady in April, Australia's central bank meets today to discuss the possibility of a rate change.

By Alex Brewster ● May 05, 2020

ME hikes home loans by up to 30 basis points

ME on Friday raised certain owner occupier fixed home loan interest rates by up to 30 basis points after they were reduced in late March.

By Harrison Astbury ● May 04, 2020

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