News archive for April 2025

As winter sets in, Australians are embracing the opportunity to travel abroad, seeking warmer climates or snowy adventures. The Australian Bureau of Statistics’ (ABS) latest overseas arrivals and departures data revealed that Aussies took more than one million short-term trips in April 2025 – up 8.3% compared to the same period the previous year.

The Commonwealth Bank dominates the mortgage market in Australia, and if you’re considering the major provider for your home loan, it’s worth looking at its online-only Digi Home Loan as it’s where you’ll find CommBank’s lowest variable interest rates.

While there’s a lot of uncertainty in the global market right now, it could be an opportunity for you to make some smart money moves with your mortgage.

If saving money on your home loan in 2025 is what you’re after, then you've come to the right place. Discovering a great value home loan could mean the difference between tens of thousands of dollars saved in interest over the course of your loan, but in practice it can be hard to find the best option amongst the dozens of different lenders and rates on the market.

If you've ever had to navigate a superannuation death benefit claim (essentially, the leftover money paid out from someone's super fund after they pass away) you'll know it can be a confusing time.

You've nailed the interview, signed the contract, and are ready to kill it in your new role. As a forward thinker, you’re sure to impress your new boss.

In a world where 'ethical' seems to be the latest marketing buzzword, it’s easy to feel sceptical about whether your super fund really walks the walk, or is simply ‘greenwashing’ you.

If you're a Zoomer (born 1997 - 2012), retirement might feel like a long way off, or if you’re one of the thousands of people worldwide keen to embrace the Financial Independence Retire Early (FIRE) movement, maybe not.

When you’re choosing a superannuation fund, you want to go with a fund that has a track record of success, but what if that fund draws upon the strength of a brand that has thrived in industries as diverse as air travel, music and finance - and whose founder is an official knight no less?

Think about this: the difference between a good super fund and a mediocre one could literally mean retiring years earlier, or having tens (even hundreds) of thousands extra to live on.

The ‘Bank of Mum and Dad’, long considered a crucial lender for aspiring Australian homeowners, has undergone a fundamental transformation, evolving into the ‘Gift of Mum and Dad’, according to Mozo’s latest report findings.

Imagine if your everyday spending could turn into a $100,000 payday. Thanks to ubank’s latest promotion, it just might!

Key insights:

NAB has trimmed its term deposit rates once more, continuing a downward spiral that began even before the Reserve Bank of Australia’s first cash rate cut in February 2025.

Macquarie has cut another 20 basis points off its fixed rate home loans, vastly undercutting what’s on offer at the Big Four banks.

This May, more than 55,000 cafes, bars, pubs and restaurants across the capital cities of Melbourne, Sydney, Brisbane, Adelaide, Perth, and Canberra are taking part in the 2025 American Express delicious. Month Out festival.

Mozo recently released the findings of our annual savings report and shockingly, despite the high cost of living, many Aussies continue to throw money down the drain.

New research from Mozo has revealed that travel money cards marketed as “fee-free” may not always offer the best value. In fact, some cards that charge fees actually deliver a stronger return once exchange rates are taken into account.

New research from Mozo reveals that Australians are leaving significant money on the table through simple savings missteps. The 2025 Savings Report analysed 264 savings products from 84 providers and surveyed over 1,000 Australians, uncovering five critical errors that could be costing you hundreds in potential interest.

The Westpac Group – comprising St.George, Bank of Melbourne, BankSA and Westpac – has lowered advertised rates on package variable home loans for new customers.

Many young Australians believe investing is out of reach unless you have tens of thousands saved but the reality couldn’t be further from the truth.

Term deposits are a great way of locking up some cash and getting a guaranteed interest rate. However, high interest rates accounts can often have high deposit requirements.

Housing affordability is front and centre this federal election, with both major parties pitching policies to help first home buyers break into the market. But while the goal is shared, Labor and the Coalition are taking very different routes to get there.

The gender pay gap is well known, and rightly so. But there’s another gap that gets much less attention: the gender super gap.

Welcome to Mozo Money Moves, your go-to weekly finance wrap, unpacking the latest shifts in Australia’s financial landscape.

Dozens of banks have cut their term deposit rates this week, an early indication that providers are confident of another rate cut after the Reserve Bank’s meeting in May.

There's always a little hop in our step come Easter, be it for the festivity, the brief break from work, or maybe it’s just all those chocolate eggs and hot cross buns.

Economic uncertainty partly caused by recent tariffs has seen big drops in the stock market this week. As you would expect, people are understandably anxious about their cash.

Australians have weathered a raft of economic shocks in recent years – from a pandemic to surging inflation and rapid rate hikes – and newly imposed US tariffs may cause further economic harm, potentially tipping the world economy into a global trade war.

The federal opposition has revealed that, if elected, it will work with Australia’s prudential regulator to relax the mortgage serviceability buffer, in an attempt to provide first homebuyers easier access to loans. This move might also give current mortgage holders greater capacity to negotiate new loan terms and refinance.

The Reserve Bank of Australia (RBA) kept the cash rate at 4.10% at its April meeting. Over the past few months inflation has continued to dissipate, albeit slowly. In addition, the unemployment rate has remained relatively stable. However, the United States’ trade tariffs have raised global economic uncertainty and concern.