News

NAB offers free credit checks – no matter who you bank with

Australians can now access their credit report and score free of charge with NAB, regardless of who their bank is.

By Alex Brewster ● November 12, 2019

86 400 launches all-digital home loans

86 400 has today unveiled Australia’s first-ever digital home loan through brokers, allowing Aussies to get approved for a mortgage up to six times faster than the big four.

By Emma Duffy ● November 12, 2019

Payday loans are debt traps for millions of Aussies: Report

A new report has found just over 4.7 million individual payday loans were written between April 2016 and July 2019, worth an approximate $3.09 billion.

By Alex Brewster ● November 12, 2019

Under 10% of big bank mortgage customers have reduced their repayments after cash rate cuts

The big four banks have revealed the number of customers who’ve elected to reduce their mortgage repayments in the months following the recent cash rate cuts.

By William Jolly ● November 12, 2019

Hobart claims most expensive fuel title for October

A new report has found Hobart motorists paid 155.4 cents per litre (cpl) on average for unleaded fuel in October, the most of any capital city.

By Alex Brewster ● November 11, 2019

Average new Aussie house shrinks to smallest size in 17 years

While the size of the average Aussie home loan continues to grow, the physical size of the average Aussie house appears to be shrinking.

By Dominic Beattie ● November 11, 2019

Suncorp, Adelaide and Qudos Bank reduce fixed rates

More banks are dropping their fixed home loan rates, enticing borrowers to lock in their rate.

By Emma Duffy ● November 08, 2019

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

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