News Archive for November 2023

November 2023

Aussie etf investors hit 2 million whats luring people

Aussie ETF investors hit 2 million: What’s luring people?

Aussie investors are eating up ETFs (exchange-traded funds) with more than 2 million currently invested in ETFs for the first time according to fund manager Betashares. And it isn’t likely to stop there, with the fund manager finding that an additional 310,000 can be expected to enter into the market over the coming years.

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Black friday sales soar despite cost of living crisis

Black Friday sales soar despite cost of living crisis

Black Friday is one of the biggest sales events of the year with most major retailers offering big discounts. Black Friday is held at the end of November and because of the close proximity to the Christmas period, lots of people use this opportunity to start their Christmas shopping while things are on sale.

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Home loan interest rates now hitting 9 percent

Home loan interest rates now hitting 9% – time to switch?

Home loan pain is reaching a fever pitch following the November RBA rate hike. Out of all the mortgage lenders that have increased their interest rates, Mozo has recorded 7 in our database whose standard variable rates (SVRs) are now over 9%. The rest mostly sit between 6% and 8%.

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Is a personal loan better than a credit card

Is a personal loan better than a credit card?

It can be challenging when a product or service catches your eye but you don’t have the funds to pay for it. As you start to review your options, you’ve come across personal loans and credit cards as a way to front the expense.

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Black friday 2023 christmas gift guide

Black Friday 2023 Christmas Gift Guide

Black Friday sales are right around the corner, with many retailers already offering deals. This is the perfect time to start your Christmas shopping and take advantage of all the discounts!

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2023 holiday insurance guide: tackling new trends and tech

It's not just beach days and backyard cricket this year, as the 2023 holiday season has decided to throw us a few curveballs. Rising global tensions, increased volcanic activity, the threat of cyber crime throwing a spanner in our online shopping…this year, the holidays are shaping up to be a mix of traditional Aussie spirit with a splash of 2023 reality.

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Cheap stock brokers

Cheapest Stock Brokers in April

Investing in shares usually means getting a broker or signing up to a brokerage platform that will make trades on your behalf. When choosing a broker or platform, low fees and commissions can make a big difference in the long run. That’s because the amount you end up paying in fees over time can be quite substantial. It's important to keep this in mind since most growth in shares or dividend reinvestment plans happens over the long term.

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Home loan terms to remember as interest rates go up

Home Loan terms to remember as interest rates go up

With RBA hiking interest rates once more, a few unfamiliar terms may have reared their head. If you’re finding yourself confused with the alien language that is home loans, don’t worry, we’ve compiled a short glossary of some terms to get you acquainted.

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Aussies are cutting back on streaming costs says deloitte

Aussies are cutting back on streaming costs, says Deloitte

The cost of living crisis is causing many people to reevaluate their finances and cut down on unnecessary costs. New research by Deloitte has found that one of the things that Aussies are cutting down on is streaming platform subscriptions.

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Ato super non compliance

ATO Ramps Up Superannuation Compliance

In the 2022-2023 financial year, the ATO reclaimed $1.13 billion in Super Guarantee Charges, penalties for companies that fail to pay required super contributions on time.

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Lost jewellery phone records

Insurance claim hits a snag over privacy concerns

In a recent ruling, the Australian Financial Complaints Authority (AFCA) has sided with an insurance company in denying a lost property claim, basing its ruling on the claimant's refusal to submit phone records to the insurer.

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Can energy efficiency increase your home value 7 in 10 aussies think so

Can energy efficiency increase your home value? 7 in 10 Aussies think so

Renewable and energy-efficient homes have a number of benefits for owners, chief among them being lower bills. Plus, if you’ve got an electric car, there may be times when you’re charging for free. So, with all that being said, you might wonder if these savings can lead to a higher home valuation.

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November 2023 financial checklist

November 2023 Financial Checklist

A pinch and a punch for the first day of the month! November’s here, which means the countdown to Christmas is officially on. From Christmas shopping to Black Friday sales and more, here’s everything you need to get you through the month ahead.

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November home loan snapshot rba rate hike looms over melbourne cup

November home loan snapshot: RBA rate hike looms over Melbourne Cup.

Economists are placing bets for Cup Day, and odds are home loans may have a shock in November. Inflation and the weather have started to warm again headed into summer, so now there’s a greater than none chance the Reserve Bank of Australia will hike the cash rate another 25 basis points to 4.35% – another decade high.

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