Aussies are bargain hunters
According to the Australian National Retailers Association, December retail sales are up 3% on last year and 10% on the year before. Shopper...
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Tips for achieving extra savings
1. Pay your bills by the due dates and avoid late payment penalties - about $10 on utility bills and far higher for credit card bills. 2. Re...
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Rent goes up, property prices go down
According to Residex, property prices in Perth, Melbourne and Adelaide are expected to stagnate or even go backwards over the next year. Tow...
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Banks not passing on rate cuts to farmers
Farmers say they are not being treated fairly by their banks, because they have not received the same level of interest rate relief as homeo...
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CBA BankWest acquisition passes final regulatory hurdle
Federal Treasurer, Wayne Swan has approved the takeover of BankWest by the Commonwealth Bank of Australia, but has attached conditions to th...
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Pay off credit card debts first
Paying down debt is the best protection you can give yourself and your family in these uncertain economic times. Debts with high interest ra...
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Rent in capital cities continues upwards march
Figures released today by RP Data have confirmed what many property investors already know - weekly rents are increasing solidly in all capi...
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Mortgage stress to blow out in 2009
While interest rate cuts have helped ease mortgage stress, close to one million households could experience it by mid 2009 as rising unemplo...
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US rates slashed to historic lows
The US Federal Reserve (Fed) has cut the official cash rate overnight to an unprecedented zero to 0.25% range as the outlook for the economy...
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House prices maintain positive growth
According to figures released by Residex this week, Australian house values managed to grow by just under 3% in the year to November 2008. T...
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Personal loans down in October 2008
Personal finance commitments fell in October 2008, as uncertain economic conditions and weak consumer sentiment saw Australians reign in exc...
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Rate cuts help with mortgage stress
According to the Housing Industry Association (HIA), mortgage stress is easing in direct correlation to the RBA's rate cuts. The industr...
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Unemployment in Australia remains low
Unemployment in Australia crept up to 4.4% in November 2008, but remains low in comparison with other markets. While the figure represented ...
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Grocery shopping during a financial crisis
The financial crisis has put many families in tricky, if not dramatic situations. Many are faced with mortgage and loan complications, credi...
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ATMs to display fees up front
Changes to the way Automatic Teller Machines charge customers from other banks will change in March 2009, with the Reserve Bank saying that ...
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Keep repayments high to bring interest costs down
A borrower with an average $300,000 mortgage who maintained their high repayments over the last three months as standard variable mortgage i...
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Lending growth defies tough times
According to the Deloitte's Australian Mortgage Report released yesterday, mortgage lending continues to grow at an annual rate of aroun...
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Bonus payments used on cards and mortgages
More than half of families and pensioners who will receive lump sum payments this fortnight as part of the federal government's economic...
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Property market still quiet
Auction clearances were up slightly on the weekend of the 6-7 Dec, but still well down on the same weekend last year. In Melbourne, 48% of 6...
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Over 40,000 caught by fixed rate mortgages
According to the ABS, approximately 43,632 borrowers took out fixed rate home loans between March and September 2008, when interest rates we...
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Consumer spending up in October 2008
Research conducted by the ABS revealed that retail spending improved surprisingly in October 2008. According to the figures, retail spending...
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RBA slashes rates
The Reserve bank today slashed its cash rate by 100 basis points to 4.25%. Interest rates are now at a six and a half year low, with more cu...
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Aussies up to $700 a month better off
According to economists surveyed by The Daily Telegraph, the average Australian now has close to $700 more in the kitty each month than they...
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Sydney buyers slugged by stamp duty
According to a residential stamp duty report released by BankWest today, stamp duty on the typical Australian home has risen 59% in just fiv...
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