The latest news in the world of Finance

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  • Be careful of loading up on ‘buy now, pay later’ purchases this Xmas

    ‘Tis the season to be jolly, but it’s important not to get carried away when using ‘buy now, pay later’ providers to fund that festive spirit. That’s because one-in-five users struggle to make their repayments, new research has found. “Christmas is a time for giving” – it’s a line that’s been drummed into us since…

  • How well do you know your finance jargon? Take our quiz!

    The finance industry has a bunch of acronyms and abbreviations that can make the home buying process a little confusing. But they’re not as difficult to understand as you might think. Take our short quiz to see how many you can answer! Below we’ve listed eight commonly used acronyms and abbreviations in the mortgage and…

  • Freedom to move: stamp duty reforms gain momentum

    Stamp duty: two of the most dreaded words in the world of property and finance. Fortunately, NSW and Victoria have unveiled some big changes to the inefficient tax this week, and there’s hope it’ll inspire other states to review their own stamp duty arrangements. If you’re unfamiliar with stamp duty, it’s basically a state/territory government…

  • 8 ideas to improve your business’s cash flow over the festive season

    The festive season is fast approaching and this year, more than ever, it’s important for businesses to ensure they have their cash flow management in order. Here are our top 8 ideas to help you through the upcoming period. While the holiday period is usually a boon for retailers, cash flow problems still hamper many…

  • Want to know how much your neighbours paid for their first homes?

    First home buyers wanting to crack into the property market can now use an interactive map to see how much their neighbours spent on average for their first home. Snoopy snoop! Everyone loves having a bit of a sticky-beak. After all, we’re only human. And this interactive map, which is being run by the federal government’s NHFIC,…

  • Australia is building the biggest houses in the world once again

    We dream big in Australia. So it’s little surprise that when the Great Australian Dream becomes a reality it means bigger houses than anywhere else in the world, according to a new report. In 2019/20, the average new house built measured a whopping 236m2, up 2.9% on the year before and the biggest size increase…

  • Switch lenders if rate cut is not passed on: RBA

    Mortgage holders and business operators are being encouraged by the RBA to switch lenders if their bank doesn’t pass on the latest cash rate cut. The Reserve Bank of Australia (RBA) delivered mortgage holders and business operators a Melbourne Cup Day win by cutting the official cash rate by 15 basis points to a new…

  • RBA trims cash rate to new record low 0.10%

    If you didn’t back a winner on Melbourne Cup Day then fret not: the Reserve Bank of Australia (RBA) has delivered mortgage holders a win by cutting the official cash rate by 15 basis points to a new record low of 0.10%. RBA Governor Philip Lowe says the cash rate cut is part of a…

  • Housing affordability best it’s been in a decade: report

    Great news for homeowners and prospective buyers: housing affordability is at its best level in a decade and should continue to improve throughout 2021. Housing affordability improved in all major Australian cities over the year to September 2020 despite the ongoing global pandemic, according to a new report by investor service Moody’s. “Owning a house was…

  • Flow of credit to small businesses remains strong

    Small business owners in need of credit will be buoyed by new data that shows the approval rate for loans has remained strong throughout the coronavirus crisis. In fact, about 70% of SME business loan applications received by lenders have been approved since early February, according to Australian Banking Association (ABA) statistics. That’s resulted in more…