News

Westpac relaxes lending restrictions for investors (again)

Westpac has launched another bid to kickstart its sluggish mortgage growth, loosening rules around its Household Expenditure Measure (HEM) for investment borrowers.

By Alex Brewster ● November 07, 2019

New car sales fall off a cliff in October

New car sales have fallen by 9.1% in October compared to the same time last year, extending a downturn in the Australian car market which is now in its 19th consecutive month.

By Emma Duffy ● November 06, 2019

Mortgage stress rising while household confidence falls

The number of Australian households facing mortgage stress rose to a new high in October, according to the latest data.

By William Jolly ● November 06, 2019

Athena’s war on home loan costs

Since bursting onto Australia’s home loan market in early 2019, Athena has enticed borrowers with its attractively-low home loan interest rates, no-nonsense messaging and a proven reputation for swiftly passing on central bank rate cuts in full to its customers.

By Alex Brewster ● November 06, 2019

No Cup Day cash rate cut from the RBA

Australia’s central bank has not cut the cash rate at this month’s meeting, instead keeping it on hold at 0.75%.

By William Jolly ● November 05, 2019

Buy-now, pay-later popularity rapidly increasing

New research has found 1.95 million Aussies used a buy-now, pay-later scheme in the year up to September, up from 1.38 million in the previous 12 months.

By Alex Brewster ● November 05, 2019

Aussies ditching debit cards for digital wallets

New data has revealed that 22% of online retail purchases in Australia in 2018 were made using digital payments and eWallets, such as Apple Pay and Google Pay.

By Alex Brewster ● November 04, 2019

House price hot streak continues in October

National dwelling values continue to improve, rising 1.2% throughout October.

By William Jolly ● November 04, 2019

Loans.com.au cuts fixed rates below 3%

Leading online lender Loans.com.au has slashed its fixed interest rates by 20 basis points across the board, bringing some of its fixed rates below 3% for the first time.

By Emma Duffy ● November 04, 2019

Leading fintech TrueLayer joins Visa to help kickstart open banking in Australia

In what could be a huge step forward for open banking in Australia, UK-based fintech TrueLayer has announced its entry to the Australian market ahead of the consumer data right regime’s kick-off in February 2020.

By William Jolly ● October 30, 2019

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