News Archive for July 2015

The Commonwealth Bank has today announced that they will be partnering with Scentre Group to pilot a new innovative app that will provide Westfield shoppers with deals from retailers within the mall.

Over the past week, we’ve seen Australian banks increase their interest rates and LVR requirements for investor home loan applications, in an attempt to reduce their investment home loan portfolio growth.

After the rising concerns around the Greek debt crisis and China stock market volatility earlier this month started easing out, consumer confidence rose by 4.5% last week and then again by 0.6% (to 112.5) this week, according to the latest ANZ-Roy Morgan Consumer Confidence Index.

Gone are the days when investing in the share market was only popular amongst those in their 40s and over, as new research by the Commonwealth Bank shows a significant increase in Gen Y retail investors.

Estate Baron, which was recently launched in Melbourne, is an equity crowdfunding platform that allows people to invest directly in Melbourne property developments with as little as $2,000.

In a bid to further rein in investor lending growth ANZ has increased variable and fixed rates on residential investment property loans.

Increased competition in the credit card industry has benefitted customers, who now have access to a variety of promotional offers including interest-free periods, honeymoon periods and balance transfer deals.

The Australian dollar experienced a sharp decline last week and experts have tipped it will fall even further against its US namesake in the coming months.

As if house prices aren’t daunting enough, Mozo calculations show those looking to buy a property are in for a decade of squirrelling away their pennies just to afford the average deposit.

About a year ago, speculation arose over the impact fast fashion giants

The April Customer Satisfaction Awards conducted by Roy Morgan have revealed the top cars for auto satisfaction, with prestige brand Lexus leading the way with a 96% satisfaction rating.

Tigerair is giving travellers double the reason to book flights with their special 2 for 1 fares. They have offered some really tempting deals across the domestic network with prices dipping as low as $49 for a return flight for two from Sydney to Gold Coast.

The demand for home loans slumped to a two-year low last month, despite the historically low interest rate environment.

H&R Block listed some of the most common tax mistakes to watch out for so you can avoid getting into any kind of tax trouble this year.

Despite recent concerns of a housing bubble, a senior Reserve Bank researcher says Australian house prices are 30% undervalued- the widest gap in three decades.

While New South Wales and Queensland are known for drawing in the big bucks when it comes to tourism, Western Australia has joined the travel players seeing a huge surge in visitors.

Consumer confidence fell by 4.6% (to 111.0) this week fuelled by continuing news around the Greek debt crisis and losses in global share markets, according to the latest ANZ-Roy Morgan Consumer Confidence Index.

The experts were right, as the Reserve Bank of Australia has left the official cash rate at a steady 2% after today’s July board meeting. Some of the reasons for the RBA leaving the cash rate unchanged were high property prices and increasing household debt.

There’s been a debate in the banking world for some time about whether a personal loan or a credit card is the better product for borrowing or paying down debt.

A new study has found that Australian women are significantly underestimating the value of their wardrobe, with 1 in 3 who estimate their wardrobe is worth more than $5,000 not believing their current insurance policy would cover total replacement costs if they had to make a claim.

There’s nothing worse than having to deal with a money crisis when you’re supposed to be sunning yourself in the Greek Islands.

The use of ATM machines has been slowing down over time reveals a new survey. The proportion of bank customers who don’t withdraw cash from a machine in a typical week has doubled up in the last five years.

As the housing affordability debate continues, the latest data from the ABS reveals that building approvals have reached a new record over the past 12 months despite a small dip in approvals in May.

The results of a new study analysing the economic impact and benefits of ICC Cricket World Cup 2015, show the importance of Australian tourism backing large scale events, according to Australia’s national tourism organisation.

Reserve Bank of Australia figures have revealed the value of term deposits held with banks fell 1.1% in May to A$515 billion, compared with the previous month.