Can customer-owned banks keep pace with rate cuts?

With interest rates on many savings accounts and term deposits already at or approaching 0% p.a, many banks, particularly small customer-owned institutions, are expected to struggle to pass on future rate cuts to home loan customers.

Petrol prices set to skyrocket after Saudi Arabia attack?

Global oil prices have surged following attacks on Saudi Arabian oil production, leaving motorists wondering whether it’s a good idea to fill up their car now ahead of an inevitable rise in petrol prices.

First Home Buyer 5% Deposit Scheme hits parliament

Consultations with lenders regarding their participation in the Federal Government’s new First Home Loan Deposit Scheme are due to begin following the introduction of draft laws.

Why did new car sales plummet in August?

New car sales are down 10.1% from August 2018 to August 2019, according to the latest data from the automotive industry’s peak body.

LatitudePay launches to customers

The newest buy-now, pay-later platform called LatitudePay has launched, the latest in a crowded field of AfterPay competitors.

Cash rate on hold again in September

The official cash rate has been held at 1.00% for the second consecutive month, the Reserve Bank confirms.