Top 10 unit oversupply suburbs in Australia revealed New data has identified the top ten danger zones for high settlement and cash flow risk for units. By Alex Brewster ● September 14, 2020
Macquarie slashes interest-only home loan rates for investors Macquarie Bank has slashed a wide range of interest-only investor home loans by up to 55 basis points. By Harrison Astbury ● September 11, 2020
After six months, how have the Big Four banks responded to COVID-19? As the initial wave of six month mortgage holidays come to an end, how have the Big Four banks helped customers throughout COVID-19? By Emma Duffy ● September 11, 2020
COVID loan deferrals down as customers start to repay their home loans The number of temporary loan deferrals due to COVID-19 among Australian banks fell slightly in July 2020, as more customers started to make repayments on their loans. By William Jolly ● September 11, 2020
CommBank launches interest-free credit card, just a day after NAB Commonwealth Bank has announced the launch of a no-interest credit card, CommBank Neo. By Alex Brewster ● September 11, 2020
Spending 'key to recovery' as consumer confidence soars 18% Westpac's consumer confidence index bounced back in September, as the Australian Retailers Association said the key to economic recovery is spending. By Harrison Astbury ● September 10, 2020
NAB launches interest-free credit card in Australian first NAB has launched the NAB StraightUp Card, Australia's first no-interest credit card. By Alex Brewster ● September 10, 2020
July sees sharpest ever monthly rise in home loan lending The value of new loan commitments for housing rose sharply in July, up 8.9% (seasonally adjusted), the biggest month-on-month rise ever recorded. By Emma Duffy ● September 09, 2020
Good Shepherd expands $3,000 relief loan for those impacted by the pandemic Good Shepherd Microfinance has announed an extension of its financial support for those impacted by coronavirus, with the support of major bank NAB. By William Jolly ● September 09, 2020
Melbourne lockdown to send population and property prices plummeting Tens of thousands of people are set to relocate from Melbourne as a result of lockdowns, which will drive property prices down by double-digits. By Alex Brewster ● September 09, 2020