News

Aussies are saving more, borrowing less than they were five years ago

Australians' financial wellbeing has improved over the last five years, driven by more saving and less borrowing for everyday expenses.

By Emma Duffy ● December 10, 2019

UBank and Basiq launch world first AI-powered debit card

UBank have announced a partnership with fintech Basiq, with the two looking to take advantage of open banking by giving customers a more complete picture of their finances.

By Alex Brewster ● December 10, 2019

Frugal Aussies spending less money on things that spark joy: CommSec

Frugal Aussies are making the tough choices and putting their tax cuts towards housing, insurance and food rather than splashing it on luxury items like travel and cars.

By Emma Duffy ● December 09, 2019

Majority of Australians do not have a will in place

As many as 56% of Australians do not currently have a will in place, while 53% of parents have not discussed their will and legacy with their children.

By Alex Brewster ● December 09, 2019

Afterpay hits record sales over Black Friday and Cyber Monday

Buy now pay later service Afterpay has boasted record sales on the back of Black Friday and Cyber Monday.

By William Jolly ● December 09, 2019

Aussie shoppers spent up big in Black Friday sales, CBA data confirms

The Black Friday/Cyber Monday sales were expected to be the biggest retail days of the year, and data from Commonwealth Bank confirms it lived up to expectations.

By Emma Duffy ● December 06, 2019

Citi raises home loan interest rates, NAB lowers

While most mortgage lenders might have dropped their interest rates lately, one lender has bucked that trend by increasing some of its rates.

By William Jolly ● December 06, 2019

ASIC slams timeshares as harmful and risky

The Australian Securities and Investments Commission (ASIC) has released a report today outlining the potential harm caused to consumers by timeshare schemes.

By Alex Brewster ● December 06, 2019

Saving outpaces spending as Aussies pocket their tax offsets

Belts around Australia appear to have tightened a few notches, with new figures revealing a sharp rise in the rate of household saving as Aussies stashed away, rather than splurged, the recent tax offsets.

By Dominic Beattie ● December 05, 2019

10 Australian capital city property forecasts for 2020

A drop in car ownership, smaller houses, walkability impacting property prices and ‘mini Melbournes’ in outer suburbs.

By Alex Brewster ● December 05, 2019

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