Time to lock-in a term deposit? Interest rates could be near the peak
Over the past week, providers like Firstmac and Judo Bank unveiled the industry’s highest rate for 12-month term deposits.
How long did it take for property prices to double?
Australian home prices took more than 15 years to double based on the current median for May 2023.
CommBank defies other majors' expectations, says RBA will hold in July
CommBank is expecting the Reserve Bank of Australia (RBA) to leave the cash rate on hold in July before making one final hike in August.
July rate hike still possible despite drop in inflation
While the Consumer Price Index (CPI) for May 2023 showed a significant deceleration, the Reserve Bank of Australia (RBA) might still push through with a rate...
Are car loan rates being impacted the same way as home loan rates?
The upwards trajectory of cash rate appears to be affecting mortgages more than personal loans, particularly car loans. But is this really the case in the cu...
Which suburbs boast high mortgage serviceability amid rate rises?
A report from PropTrack listed 20 suburbs with the most serviceable mortgage for houses and units.
Which providers joined the 5% club for 12-month term deposits?
Australians chasing high returns on term deposits (TD) are now spoiled with more choice as several providers joined the 5% club for 12-month TDs.
Insurance providers to return $815m to customers: ASIC
The corporate regulator has slammed Australian insurance providers for failing to deliver on their price promises, costing customers hundreds of millions.
Investor property listings pick up due to interest rate and rental reform risks
CoreLogic data shows there has been an uptick in property listings from investor vendors, and property investment lobbyists say it's unsurprising when lookin...
CommBank rejigs serviceability rules for refinancers
CommBank is the second major bank after Westpac that announced modifications to serviceability rules to help refinancers.
Why SMEs need to know the risks of personal guarantees
Personal guarantee, also known as director's guarantee, could potentially expose business owners to greater financial vulnerabilities.
Lack of listings, fixed rates, offsetting effect of rate hikes, but for how long?
CoreLogic identified 25 locations with the greatest saturation of mortgage holders and how the interest rate hikes are affecting their home values and listin...
Which banks increased term deposit rates this week?
Bank of Sydney followed ME Bank and Transport Mutual in offering 5% p.a. rate for a 12-month term deposit.
ME Bank offers 5% 12-month term deposit
The Bank of Queensland-owned ME Bank has upped the rate on its 12-month term deposit product by 25 basis points bringing it to 5% p.a.
UBank raises savings rate to 5%, Westpac first to move post-RBA
UBank was the first mover in savings account land, boosting its savings account rate to 5% p.a. while Westpac was the first to hike rates on variable home lo...
RBA hikes another 25bps but modelling suggests three more
At June's RBA monetary policy meeting, the cash rate was increased by another 25 basis points to 4.10% but its own modelling suggests it might need to be 4.8...
RBA rate rises or supply crunch: Which will win?
New ABS data highlights loans issued for new homes or construction fell to a 15-year low.
Recent first home buyers the most imprisoned to their mortgage
Data from mortgage brokers Lendi shows recent first home buyers are most likely to face a mortgage prison, and they can't refinance because of their high LVR...
Australians’ energy bills to lift by as much as 25%
Around 600,000 households will face electricity price rises of between 19.6% and 24.9% from 1 July, the Australian Energy Regulator (AER) has confirmed.
RBA minutes indicate more rate rises could be on the way
RBA minutes from its May monetary policy meeting hint at more potential rate rises on the way, which coincides with NAB forecasting a peak rate of 4.15% with...
How to make sure you aren't being overcharged on energy this winter
An energy expert has weighed in on how to minimise your electricity and gas bill with winter around the corner.
ING and BOQ continue savings account rate war, bonus conditions stay
Over the past week several heavy hitters in the savings account space such as ING, BOQ and Great Southern Bank have continued pushing rates north of 5% p.a. ...
A boring budget for an interesting time in personal finance
ANALYSIS: Off the back of strong commodity prices and heightened tax receipts, the Federal Budget is returning to surplus, and some of the benefits are set t...
CBA to scrap cashback offers as credit crunch begins
Australia's largest bank announced it will scrap its cashback offer from 1 June, which could be followed by other banks.
