News

1.5 million Australians in mortgage stress, defaults expected amid recession

More than 1.5 million Australians are under mortgage stress and a rise in mortgage arrears and defaults are likely amid the nation's deep recession.

By Emma Duffy ● September 03, 2020

Tax refund app says $1.1 billion of WFH expenses to be claimed

Tax refund app TaxFox has estimated the working-from-home tax deductions up for grabs for Australian workers this year could total $1.1 billion, while also revealing the nation’s highest-claiming professions.

By Harrison Astbury ● September 03, 2020

Rental affordability the best in 13 years (as long as you aren't on JobSeeker)

A new report shows rental affordability across Australia improved in the June quarter to reach its highest level since 2007 - but Australia's poorest citizens might disagree.

By William Jolly ● September 02, 2020

What happens to Australian house prices in a recession?

As Australia continues to grapple with the economic shock of COVID-19, many of us are wondering what the impact of this recession will be on our property markets.

By Emma Duffy ● September 02, 2020

Household savings rate skyrockets after JobKeeper, increased JobSeeker

Australian Bureau of Statistics data released today reveals the household savings ratio increased to 19.8% off the back of JobKeeper and increased JobSeeker.

By Harrison Astbury ● September 02, 2020

Recession confirmed: GDP plunges 7% in largest ever fall

Australia's Gross Domestic Product (GDP) has fallen by 7.0%.

By Alex Brewster ● September 02, 2020

Looming crisis once COVID-19 income support ends

JobKeeper and JobSeeker payments have mostly prevented people falling into poverty, research reveals, but the gap between rich and poor is expected to explode once COVID-19 stimulus measures end.

By Emma Duffy ● September 02, 2020

Rental eviction moratoriums should be extended: Tenants Queensland

Queensland's peak tenant advisory group, Tenants Queensland, wants the Queensland Government to extend its ban on rental evictions during COVID-19.

By William Jolly ● September 02, 2020

RBA holds cash rate at 0.25% for September

Australia's central bank has held the cash rate at 0.25% for the sixth straight month.

By Alex Brewster ● September 01, 2020

HIA calls for first home loan deposit scheme to be expanded

Australia's peak home building body has called for the First Home Loan Deposit Scheme to provide more spots for those buying newly-built homes.

By William Jolly ● September 01, 2020

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%

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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.