Yet another micro-investing app launches - introducing Nine25
Money app Nine25 has launched a micro-investing platform where users can directly invest in up to four portfolios on launch, with plans to release 10 more.
Household spending rises in August, but more rate rises remain unlikely
Extra international students, high fuel prices and the women's world cup contributed to an increase in household spending for August, but the data is still i...
Tight labour market continues with unemployment steady at 3.7%
Australia’s unemployment rate was 3.7% in August, with 65,000 extra jobs and only 3,000 finding themselves without a job according to ABS data.
Australia pushes with ban on credit cards, digital wallets in online gambling
The federal government will enforce a ban on the use of credit cards, cards linked to e-wallets, crypto, and digital currencies in online gambling through a ...
ABS confirms recovery of house prices
It appears the housing market recovery started even earlier, with the latest Australian Bureau of Statistics (ABS) showing that the total value of housing ma...
Proposed changes to Banking Code set to provide extra protection to customers
The Australian Banking Association (ABA) has submitted a proposal that would institute a new Banking Code that would provide rights and entitlements to bank ...
All quiet on the mortgage front as few lenders move rates, 8 September
This week the two largest customer-owned banks in Australia moved home loan rates south, while a couple of smaller mutuals moved theirs north.
These providers are cutting their one-year term deposit rates, 8 September
It certainly is an end of an era as several providers started scaling back on one-year term deposit rates.
Use of savings contributes to resurgence of home prices
The value of Australia’s housing market just hit $10 trillion and several factors, including the high level of savings helped boost the market despite ...
A strong uptick in mortgages exempt from 3% serviceability buffer
The latest APRA banking data shows there has been a strong uptick in mortgages exempt from serviceability criteria.
It's official: We're in a recession, a per-capita one
GDP growth per capita recorded its second consecutive quarter of negative growth, down 0.3%, signifying that our output per person is down.
Refinancing dissipates threats of fixed mortgage cliff — PEXA
The recent surge in refinancing appears to have mitigated the looming risks associated with the mortgage cliff, according to PEXA Refinancing Index.
RBA cash rate still on pause at 4.10%
The Reserve Bank of Australia’s cash rate hold this month marks outgoing Governor Philip Lowe’s swan song.
ASIC to sue Westpac over tardy hardship responses
The corporate regulator ASIC has commenced civil penalty proceedings against the major bank, alleging it failed to respond to customer hardship notices in th...
Beyond Bank set to acquire small credit union First Choice
Orange-based First Choice Credit Union and Adelaide-based Beyond Bank have signed a memorandum of understanding, signalling an intent to merge.
More offers three month free mobile plan for CommBank customers
Telco More is offering three months of free mobile plan fees to new customers who sign up using a CommBank credit o...
Loans for holiday and travel reach 5 year high
The value of refinancing reached a new record high in July, according to the latest figures from the Australian Bureau of Statistics (ABS).
A look ahead at next Tuesday's RBA cash rate decision for September
Aussies' attention turns to September's monetary policy decision, which will be the last handed down by outgoing RBA Governor Dr Philip Lowe.
Find out which lenders moved their variable, fixed rates this week, 1 September
One week before the Reserve Bank of Australia’s cash-rate decision for September, several lenders, including NAB, made some changes in their variable i...
Housing upturn regains momentum in August
Dwelling prices in Australia seemed to have regained momentum in August, according to CoreLogic.
ASIC warns 30 lenders to look after borrowers doing it tough
The corporate watchdog has written a powerful open letter to 30 Australian lenders warning they must provide adequa...
Climate change could heat up interest rates: Incoming RBA Governor
Climate change and the world’s attempts to mitigate its impacts could impact how the Reserve Bank of Australia considers interest rates, incoming RBA b...
Do government private health subsidies actually improve wait times?
Researchers from the University of Melbourne have questioned one of the truisms of healthcare policy in Australia.
Is there light at the end of the tunnel for renters?
Interest rates going down, softer income growth and stretching rental affordability could all contribute to rental rates coming back under control in 2024.