News Archive for March 2022

March 2022

Meet the lenders taking on the big banks in 2022

5 killer lenders that could save you a fortune

Many Australians are focussing on reducing household costs right now, and saving on interest repayments and fees on your home loan, personal loan, credit card or car loan is a great place to start.Borrowers looking for the sharpest rates will need to look beyond the big banks though. Rival lenders have taken the spotlight: wooing borrowers with super competitive rates and low fees. As a result, genuinely big savings are now available for those who shop around.The big banks might be easy targets when it comes to offering better value, but rival lenders are also winning customers over with more efficient approval processes and fast online applications. And with so many challengers to the big banks popping up - from online lenders to rival banks and smart banks - there’s more reason than ever before to spend some time comparing your options to get the best value around.So if you’re over high interest rates and steep fees, check out these killer lenders giving the big banks a run for their money right now.

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Family finances

2022/23 Federal Budget: What it means for you

Treasurer Josh Frydenberg delivered the 2022/23 Commonwealth Budget last night. With a bit over a month before the next federal election, the government will look to cut down on national debt while also providing immediate support for the people that need it.

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Personal loan matchmaker guide

Personal Loan Matchmaker Guide

Differing to the typical home loan, which is designed for the purchase of a property, personal loans are more than a one trick pony. In fact, there are a range of circumstances where different types of personal loans could come in handy, such as a holiday, funding a wedding, doing a home reno or even consolidating debt Personal loans generally come in two types; secured (where you put up an asset as security) or unsecured (where you don’t). Secured loans often come with lower interest rates than unsecured options and like other loans, you’ll need to make regular repayments over the loan term, which is usually one to ten years.   So with that in mind, we’ve put together a personal loan matchmaker with some top options for each scenario.

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Nbn fixed wireless download speeds are improving

NBN fixed wireless download speeds are improving

NBN fixed wireless download speeds have greatly improved over the past twelve months, according to the most recent ACCC (Australian Competition and Consumer Commission) Measuring Broadband Australia quarterly report.

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Mozo editors top home loans to save on your mortgage

Mozo Editor's Choice: Top-rated home loans 2022

If you’ve spent some time researching home loans lately, you’ll no doubt be aware that it can be a time-consuming and sometimes downright confusing task. With over 500 home loans from 80 plus lenders in the Mozo comparison database, you’d need more than a coffee break to research them all.

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Family finances

2022/23 Federal Budget: What can we expect?

The 2022 Federal Budget will be delivered this week, and with a federal election not too far away, the government is hoping to recover some goodwill among Australians by tackling rising costs of living.

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Elon musk s starlink gets hit by inflation raises prices across the board

Elon Musk’s Starlink gets hit by inflation, raises prices across the board

After recently hitting the 250,000 customer milestone, Elon Musk has raised the prices on his satellite broadband service Starlink. In an email to customers, Starlink defended the decision to increase charges. Justifying the 10% increase to base costs, the company said: “The sole purpose of these adjustments is to keep pace with rising inflation.”While inflation is affecting the cost of living for many everyday needs, it's not limited to petrol and groceries. Starlink’s owner and founder recently took to twitter to announce that inflation pressures had affected the raw materials needed to produce Tesla’s cars, and SpaceX rocket launches.

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How do i switch my credit card

How do I switch my credit card?

If you are a credit cardholder stuck with a deal that isn’t working for you anymore or the card is costing you too much, and you’re just not satisfied, then it could be time to make a stress free switch to a more worthy and valuable piece of plastic.

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How to make your easter weekend as cost effective as possible

How to make your Easter weekend as cost effective as possible

The Easter long weekend is fast approaching and if you’re anything like me, the idea of a four-day weekend might be the only thing keeping you sane during the hectic work week. A long weekend is the perfect opportunity to book a short holiday or splurge on a big Easter feast with your family.

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Online lenders boom as borrowers go online for better rates

Online lender boom: Aussies ditch banks for better rates

Online lenders are back with a roar in 2022, taking on the banks with super low rates and responding to consumer demand for faster, more efficient approval and funding processes for home loans, personal loans and even business loans.

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Invoice finance what are the pros and cons

Invoice finance: What are the pros and cons?

Whether your business is just finding its legs or already an established player in your industry, managing cash flow remains an ongoing challenge. This goes doubly so for businesses that invoice other businesses.

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Australia s best savings and bank accounts for 2023 unveiled

Australia's Best Savings, Term Deposits and Bank Accounts Unveiled

With interest rates in Australia finally moving up from record lows, finding a decent earnings rate for your savings is becoming an easier task.But with so many different accounts on the market, from bonus rate savings accounts to fixed term deposits and fee-free everyday banking accounts, it can be daunting to decide which one is right for you.

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Easter is coming soon here s an early look at the online shopping deals to watch

Easter is coming soon: here's an early look at the online shopping deals to watch

Easter might not typically be known as one of the best times to get your online shopping done, but savvy shoppers with some experience will know that certain online retailers offer great savings at this time of year.Since Easter is still a few weeks away, there’s time to research and prep. But judging from previous years, the following categories and shops could give an indication of where to go.

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Best term deposits

Australia’s Best Term Deposits April 2024

A term deposit with a fixed interest rate could be one of the more reliable ways to ensure that your savings continue to grow over time. The good news for savers in 2024 is that after a period of decline term deposit rates are edging higher.

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Best kids savings accounts

The best kids' savings accounts in March 2024

Looking for a savings account to give your child a leg-up on their financial future? The following savings accounts for kids were winners of a Mozo Experts Choice Award^ in 2024 (view the methodology report here), and are designed specifically with kids and teens in mind.

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Why are fixed rates going up right now

Why are fixed rates going up right now?

Throughout the pandemic period, Aussie borrowers have had access to some of the lowest fixed rates on record. But in the past few months lenders have been quietly removing those offers from the market.

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Flood and storm damage preparation home insurance

Flood insurance: How to prepare for the worst

Over the past three years, Australia has been embattled with the effects of climate change. Droughts, bushfires, and flooding in rapid succession have each endangered millions of lives and cost us billions of dollars, not to mention driven up insurance premiums.

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Articles

2022 NSW and Queensland floods: What support is available?

The 2022 NSW and Southeast Queensland floods have caused widespread damage and grief, with the Insurance Council of Australia reporting that 107,844 claims have been lodged in flood-stricken areas, totalling an estimated $1.62 billion from March-April alone.

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We have 8 year high petrol prices here s how to save

We have 8-year high petrol prices! Here’s how to save on fuel

Drivers around the country are letting out a collective groan, as the average price of petrol in Australia seems higher every day. The simple task of filling up your car has suddenly become a major expense as international tensions begin to hit home.The ACCC’s latest petrol monitoring report reveals that daily average retail petrol prices in all capital cities hit 182.4 cents per litre (cpl) in late-February 2022, which was the highest inflation-adjusted level since 2014. Prices have risen further in the first two weeks of March.Geopolitical manoeuvring over the supply of oil between the US and Russia has upset the global energy economy and the aftershocks are being felt here in Australia, even at the humble servo. At the pump, prices have regularly sat above $1.80/L, as the early-2020 slumps in oil seem like a thing of the distant past. Diesel, Ethanol based and Premium Unleaded petrol have all been feeling the pinch as the latest commodity to feel the pressure of global conflict.Since January 2022, the price of crude oil has remained steadily above $100 USD/barrel, even reaching historic highs of $120/barrel of crude oil. It usually takes about two weeks for major moves in the oil economy to translate to the buyer, so it's unlikely that prices will stabilise in the near future.

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The best home loans in Australia for 2024

The best home loans in Australia for 2024

Deciding on a home loan can be almost as stressful as finding the perfect property as there are so many different options and mortgage lenders to choose from. That’s why we’ve decided to make your journey a bit easier by sharing a selection of Australia’s best home loans, as decided by Mozo's home loan experts.

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Australia's cheapest home loans in April 2024

Australia's cheapest home loans in April 2024

Whether you’re buying a new property or refinancing an existing mortgage, knowing where to find the best value home loans is one of the best things you can do to save more money over the length of your loan.

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Higher gas prices in your home global gas looks unpredictable right now

Higher gas prices in your home? Global gas looks unpredictable right now

Natural gas is used by many Australians around the home for cooking, heating and preparing water. As a major part of your energy bill, it's important to keep an eye on what might be affecting the bottom line, especially as prices could be creeping up. Conflict in Europe has led to further speculation over the future of gas prices in Australia.In Europe and Asia the disruption to normal supply has meant that the price for natural gas has skyrocketed to record-breaking levels. Gas has become increasingly expensive for both domestic and industrial uses.

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Australias best pet insurance in 2022

Australia's best pet insurance in 2022

For many, pets have given us so much during the pandemic. From companionship, to comfort, and both mental and physical wellbeing, 70% of Australians say that being a pet owner has improved their lives during the pandemic, according to Animal Medicines Australia. That’s why choosing a pet insurance policy that will do right by our companions is so important. After all, your best friend deserves the best.

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Knowing how to prep for travel after pandemic woes

Knowing how to prep for travel after pandemic woes

The Omicron variant was the spanner in the works of the Australian airline industry’s hopes for recovery in 2022. With airline staff forced into isolation as close contacts or positive cases, and consumer confidence in travel significantly degraded, January 2022 saw the industry operating at a mere 50% of its pre-COVID-19 capacity.

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Australia s best insurance of 2022

Australia’s best insurance of 2022

Finding a great value insurance policy with all of the coverage and features you need can be a real headache-inducer, with the result that too many Australians spend too little time researching the best options for car, home, life and pet insurance each year.

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Will interest rates go up in 2022

Will interest rates go up in 2022?

Talk of rising interest rates has reached a fever pitch in recent months. While the exact timing is still uncertain, the market seems confident that we’ll see at least one rate hike before the year is through.

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Off market property buying guide

What is off market property, and is it a good idea?

Everyone’s looking for an angle into the ridiculously competitive property market. But for those hoping to avoid the emotional stress and risk of auctions, conducting ‘secret’ deals behind closed doors could be the way to go. In other words: buy off-market.

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March 2022 financial checklist

March 2022 Financial Checklist

Summer’s over, and Autumn’s finally here – It’s March, folks! And boy, let me tell you, we are in for a busy month ahead. With that being said, I give you your March 2022 Financial Checklist!

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Looking to buy a home you ll need to know the property trends of 2022

Looking to buy a home? You’ll need to know the property trends of 2022

There are a lot of things being predicted for the property market this year. The current climate of uncertainty surrounding interest rates and how this may affect the future of property prices, has caused increased buyer hesitation in the hopes that they will get a better deal in the near future. Other predictions for 2022 include the continued lack of housing stock and increased popularity of moving from city to regional areas.

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Top lenders unveil ultra low new home loan rates

Top lenders unveil ultra low new home loan rates

In positive news for home borrowers, some of Australia’s top mortgage lenders are slashing home loan rates to new lows in a bid to entice home buyers and growing numbers of bargain-hunting refinancers keen to secure a better deal on their mortgage as protection against future Reserve Bank rate rises.

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Borrowers dump banks as rivals slash rates

Borrowers dump banks as rivals slash rates

As the property market sizzles and rival lenders slash rates in some of the fiercest mortgage competition we’ve seen in years, borrowers are flocking to comparison sites to hunt out bargain home loan deals.

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Five tips to easily set up your internet when moving home

Five tips to easily set up your internet when moving home

Are you finally ditching your share-house and setting up your own unit? Or just bought yourself a nice place to upsize and thrive? Before you settle into domestic bliss, one of the final boxes to check is your broadband internet. The kind folks at NBN co want to make this process as smooth as possible, so they’ve put together 5 helpful tips to ensure your new situation is perfect from day 1. Nobody wants to get stranded without the internet, so follow these tips to make the transition as smooth as possible.

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What does climate change mean for your finances

What does climate change mean for your finances?

The dangers of climate change could soon overwhelm both humanity and nature, says a new scientific report released Monday by the Intergovernmental Panel on Climate Change (IPCC). Indeed, the effects from climate change could be more severe than originally predicted.

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Best online mortgage lenders in Australia

Best online mortgage lenders in Australia

Nowadays, more and more Australians turn to online lenders when taking out a home loan. With amazing perks like convenient applications, fast approval, and lower interest rates, it's not hard to see why!

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Five credit cards that seem too generous to be real: March 2022

Five credit cards that seem too generous to be real: March 2022

Credit cards are staging a come-back in 2022, with a wave of fresh new card offers hitting the market that at first glance seem almost too generous to be true. But there’s a bigger story driving this wave of apparent generosity, and it’s one that cardholders are set to benefit from.

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Credit cards make a comeback with killer new offers

Credit cards make a comeback with killer new offers

Credit cards are staging a come-back in 2022, with a wave of fresh new card offers hitting the market that at first glance seem almost too generous to be true. But there’s a bigger story driving this wave of apparent generosity, and it’s one that cardholders are set to benefit from.

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Credit cards make a comeback with killer new offers

Credit cards make a comeback with killer new offers

Credit cards are staging a come-back in 2022, with a wave of fresh new card offers hitting the market that at first glance seem almost too generous to be true. But there’s a bigger story driving this wave of apparent generosity, and it’s one that cardholders are set to benefit from.

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Low rate home loans round-up: February 2023

Low rate home loans round-up: February 2023

Interest in low-rate home loans is surging in the wake of the Reserve Bank's rate hikes, and savvy borrowers are refinancing in record numbers to save money on their home loan in 2023. With so many online lenders and rival banks still offering competitive variable rates well below the market average and wooing refinancers with cash backs and discounts, it’s no wonder a growing wave of borrowers are hitting comparison sites like Mozo right now to check the latest rates and secure a great value deal.

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Want to make travel easier in 2022 heres the latest on qantas frequent flyer points

Want to make your travel easier in 2022? Here’s the latest on Qantas Frequent Flyer Points

Great news for Aussies looking to travel in 2022: Qantas has announced that you can now get more for less when booking travel with Qantas Points. The new program sees serious reductions in the number of points needed to redeem benefits such as Qantas Hotel stays and combined flight and accommodation packages. The specifics of this new program include - 30% fewer points required when booking Qantas Hotels, 45% fewer points when combining flights and Qantas Holiday packages, and 20% fewer points when using Points Plus Pay on flight bookings up until the end of April 2022 for travel up until April 2023. The best bit is, Qantas has said that these reductions are here to stay!If you are interested in these deals, now may be a good time to look into getting a rewards credit card that accumulates Qantas Points points as you spend.

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Are australians spending or saving more money apra snapshot

Are we spending or saving more money? APRA data tells some of the story

The Australian Prudential Regulation Authority (APRA) has released new market insights this week that show changing Australian financial habits over January-February. While the global economy is understandably reeling from recent events, it's important to take stock of what’s going on at home, too, and what this means for the rest of 2022.

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Emergency guide to home flood insurance

Does insurance cover flood water damage? An emergency guide

For three years in a row, Australians on the east and north coasts have been deluged with unprecedented rainfall – mostly due to La Niña weather patterns and worsening climate change. This is especially impactful for the nearly one in five Australians at risk of flood damage.

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Contactless payments in review apples new tap to pay

Contactless payments in review: Apple’s new Tap to Pay

Apple has recently announced plans to launch new “Tap to Pay'' software in the US. This software allows merchants to accept “contactless” payment from the likes of Apple Pay and other digital wallets via smartphone. Tap to Pay makes the payment process easy by just tapping the selected contactless payment method to an iPhone with the new payment app open. This new software will only be available for iPhone XS (2018) and more recent models.

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