News archive for May 2019

May 2019

What is the NBN? Your ultimate guide to the National Broadband Network

What is the NBN? Your ultimate guide to the National Broadband Network

You’ve undoubtedly heard about the National Broadband Network (NBN). Its rollout commenced in 2009, and in 2020 the government finally declared the project complete. The goal was the complete overhaul of Australia’s existing cable infrastructure. The previous broadband service was replaced by faster, more reliable technology, which hopes to give Aussie homes and businesses access to high-speed internet, no matter where they live. But if you’ve been following the news of its rollout over the past few years, you’ll know it’s laden with jargon and plenty of confusing acronyms. Below, we cut through all the terminology and give you everything you need to know before you make the switch.

Top winter energy deals from New South Wales to Queensland

Top winter energy deals from New South Wales to Queensland

With the official start to winter only days away, many Aussies around the country may be pulling out their knee-length coats and dusting off their portable heaters. But one thing that might not be on the to-do list is to make the switch to a better value energy plan before the winter chill really sets in.

A win for Aussie borrowers as ING slash home loan rates

A win for Aussie borrowers as ING slash home loan rates

Popular bank and home loan provider ING are set to cut home loan rates for new borrowers by 17 basis points tomorrow, on both their Orange Advantage and Mortgage Simplifier owner occupier, principal and interest home loans.

Is your credit card late fee pushing a hefty $40?

Is your credit card late fee pushing a hefty $40?

Unless you’ve had to fork out cash for them in the last few years, it may come as a surprise that credit card late fees have been bumped up since 2016, with some now reaching as high as $40. That’s got to hurt!

Lenders slash rates ahead of Reserve Bank decision

Lenders slash rates ahead of Reserve Bank decision

Aussie borrowers hoping to receive a rate cut when the Reserve Bank meets next Tuesday are in for some good news. Dozens of lenders have already started slashing variable and fixed home loan rates ahead of the RBA's decision, and there are some huge savings already on offer.

Borrowers who stay put missing out on huge savings

Borrowers who stay put missing out on huge savings

Lenders are rolling out the red carpet to new home loan customers in a discounting frenzy that is driving huge bargains for savvy borrowers.  Discounted rates, fee waivers, cashback and rewards points are all on offer right now to entice borrowers, and these killer deals could save Aussies save a tonne on their mortgage.

No home, no loan: Not owning property hurts young business owners

No home, no loan: Not owning property hurts young business owners

The banking Royal Commission and resulting credit squeeze has made property even harder to come by for young Australians. And according to a new report from MYOB Business Monitor, this has worsened the situation for young business owners trying to secure business financing.

Attention young Aussies! We need to talk about life insurance

Attention young Aussies! We need to talk about life insurance

In a survey of over 1,000 people, life insurer Integrity, found that Aussies would prefer talking to their partner about past relationships, rather than life insurance and what to do about finances in the event of death or disability.

Mozo’s Comfort Spending Report - 2019

Mozo’s Comfort Spending Report - 2019

Mozo has found Australians are spending a staggering $25.5 billion to stave off boredom and make themselves feel better when stressed, anxious or just having a bad day at work.

Mozo Experts Choice Awards reveal the best travel cards of 2019

Mozo Experts Choice Awards reveal the best travel cards of 2019

For many Aussie travellers, the promise of a new getaway can get the blood pumping and the adrenaline going. And with all the excitement surrounding booking accommodation and organising activities, it’s not uncommon to neglect picking the right travel plastic.

Staying put could cost big bank mortgage customers $2,388 a year

Staying put could cost big bank mortgage customers $2,388 a year

If you've been thinking about switching your big bank home loan to a better value lender, here's some news that should get you moving pronto. New Mozo research has found that the average big 4 bank mortgage customer could be losing out to the tune of $2,388 a year by not switching to a cheaper lender.

RBA holds off on interest rate cut at May meeting

RBA holds off on interest rate cut at May meeting

Despite intense speculation surrounding the possibility of a May rate cut, the Reserve Bank Board has once again maintained the status quo by holding the official cash rate at 1.50% at it’s monthly meeting in Sydney this afternoon.

Admin overload costs Australian small businesses over $20 billion a year

Admin overload costs Australian small businesses over $20 billion a year

Of all the challenges that small business owners face, admin overload has to rank among the most frustrating. And when things like responding to emails, handling payroll and navigating red tape start hitting a business’ bank account, it goes from frustrating to a serious problem.

May 2019 Financial Checklist

May 2019 Financial Checklist

Phew! The Easter antics are over, and the kids are back at school, so let out a sigh of relief because the April whirlwind has finally passed!

NSW households set to save up to $181, thanks to the AER’S new default market offer

NSW households set to save up to $181, thanks to the AER’S new default market offer

To put an end to energy customers being stung with ‘unjustifiably’ high electricity prices, the Australian Energy Regulator (AER) has issued its final determination on Default Market Offer (DMO) prices following recommendations from the Australian Competition and Consumers Commission (ACCC) that will come into effect from July 2019.

Banks hike credit card rates

Banks hike credit card rates

In a sneaky move that is likely to anger thousands of Australian credit cardholders, Westpac, St George Bank of Melbourne and BankSA are hiking credit card rates despite the fact that experts are predicting the official cash rate to fall as early as next week.

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