NEWS & VIEWS

How to stop your money from going backwards

Whether you’re saving up your hard-earned cash for a holiday, car, house deposit or just for a rainy day, you might consider stashing it in a savings account to help it grow. But what if this savings strategy is actually sending your money backwards?

Drop in CPI all but rules out rate hike on Tuesday

Australia’s annual inflation rate has clocked in at 4.9 per cent for July, down from 5.4 per cent for the previous month, all but ruling out a rate hike next Tuesday.

4 things to consider before bushfire season this summer

In the face of Australia's unpredictable bushfire season, taking proactive measures for your home may better protect your family, property, and future.

Inflation continues to cool: How will this affect interest rates in September?

Three of the four big banks are advocating that the cash rate has officially peaked, meaning no further cash rate hikes this year.

NAB hikes lowest variable rate for new customers again

NAB has today increased the rate of its basic variable mortgage by 0.15 percentage points for new customers with big deposits.

CBA credit card changes – what to look for if you’re turning to the plastic

Australia’s largest bank, CBA, has today increased the fees and rates on select credit cards.

Are retiring Boomers paying too much super tax?

More and more Australians are approaching retirement age, when it’s time to start accessing their superannuation savings. But many of these older Australians could be paying too much tax on their super investment earnings, which could be fixed by making one change.

Up Home offers alternative to big banks

Australian household budgets are under pressure, but fewer big banks are willing to compete for business from first home buyers and refinancers, who may instead start comparing options from alternative lenders, such as app-based digital banks.

Unloan Review: 6 things you need to know | RateCity

CBA has today announced the availability of its new lower-rate digital home loan, Unloan. What makes this new digital home loan offer stand out and what does it mean for Australians considering refinancing?

Fuss-free savings accounts finally hit 5%

Savings rates with no monthly terms and conditions have hit a new highest ongoing rate of 5 per cent, with the launch of Unity Bank’s new MoneyMAX account.

Some of the top-rated home loans for investors and refinancers in August 2023

Despite the Reserve Bank of Australia (RBA) keeping the cash rate on hold in August 2023, home loan interest rates are still on the move. Australians looking for a better deal are still refinancing their mortgage, while investors are starting to return to the market.

Midkey offers access to equity through ‘no monthly payment’ home loans

Midkey, the brainchild of a pair of former Macquarie Capital and Credit Suisse bankers, is a home loan targeted at Australians in their mid-life. This is generally a period when you’re servicing large debts, such as the mortgage on a family home and costs associated with children’s schooling.

Tic:Toc offers new customers an olive branch and cuts variable home loan rate

In good news for home buyers, competitor lender Tic:Toc has bucked the trend of rising rates and announced it is cutting its Live-In variable home loan rate for new customers.