News archive for September 2016

September 2016

Aussie tourism to take a hit from backpacker tax?

Aussie tourism to take a hit from backpacker tax?

The controversial backpacker tax, which would see overseas workers taxed at 32.5 cents in every dollar, may drive travellers away from Australia and impact the tourism industry.

Meet Philip Lowe, the new RBA Governor

Meet Philip Lowe, the new RBA Governor

This month, as Glenn Stevens steps down from his role as RBA Governor, he’s succeeded by Philip Lowe. Mozo took a look at who Philip Lowe is and his credentials for running the Reserve Bank of Australia.

Westpac cuts discounts on new home loans

Westpac cuts discounts on new home loans

Big four bank Westpac announced it would reduce discounts on several home loan packages by 0.2 basis points for new owner-occupiers and investors yesterday.

NAB Pay: coming to a mobile phone near you

NAB Pay: coming to a mobile phone near you

NAB is set to launch a new Mobile Banking App later this year, which will give Aussie shoppers more control over when, how and where they use their debit and credit cards.

CUA launches its first ‘investor only’ home loan

CUA launches its first ‘investor only’ home loan

CUA has recently launched its first ever ‘investor only’ home loan, easing restrictions around lending to investors, and opening the door for more Aussies to snap up an investment property.

RBA tipped to leave rates on hold until 2017

RBA tipped to leave rates on hold until 2017

After the RBA announced interest rates would remain on hold at 1.50% for September, some experts are predicting that we’ve seen the last rate change until next year.

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