Afterpay Day sales 2022, petrol prices hit 8-year high & the rising cost of living: This week’s best banking news

- The rising cost of living in Australia in 2022
- Petrol prices hit 8-year high: Here’s how to save on fuel
- Afterpay Day 2022: Exclusive deals & discounts
- 4 ways to save money on your rent
- How to overcome financial hardship & who can help
- Looking into decentralised currencies? Check this out first
All in this week’s best banking news recap: editor’s pick.
The rising cost of living in Australia in 2022
In 2022, we see that the “cost of living” (A.K.A. how much money it costs to buy necessary items) in Australia is rapidly increasing due to numerous factors, one being the COVID-19 pandemic.
We’ve already seen housing costs, petrol prices, and groceries quickly become some of this year’s biggest expenses.
Read the full article: Cost of Living 2022: Everything you need to know about tackling rising living costs for an in-depth guide.
Petrol prices hit 8-year high: Here’s how to save on fuel
If you were a serial petrol-price-complainer last year, we’d hate to hear your thoughts on this year’s numbers. We don’t blame you, though. Petrol prices seem to be going up more and more each day.
According to the ACCC’s latest petrol monitoring report, the daily average retail petrol prices in all capital cities hit 182.4 cents per litre (CPL) in late-February 2022, the highest inflation-adjusted level since 2014. To make matters worse, prices went up even higher in the first two weeks of March.
Read the full article: We have 8-year high petrol prices! Here’s how to save on fuel for a full report.
Afterpay Day 2022: Exclusive deals & discounts

Afterpay Day 2022 (A.K.A., the shopping event of the season) is officially here, folks! The sales are running from Thursday the 17th March until midnight on Sunday the 20th March.
So, you’ll get an entire four days to take advantage of exclusive offers from loads of retailers such as The Iconic, MAC, City Beach, JB Hi-Fi, Target, and so many more.
Read the full article: Afterpay Day 2022: Exclusive deals & discounts to shop.
4 ways to save money on your rent
Did we mention that the cost of living is going up? [If we don’t joke about it, we’ll cry about it].
Well, this also means that rental prices are increasing. In fact, according to Domain’s quarter rent report, the average weekly asking rent for a house in Adelaide is $450 compared to $675 in Canberra.
Read the full article: 4 ways to save money on your rent to help you keep up with rising rent prices.
How to overcome financial hardship & who can help

Over the past few years, Aussies have copped floods, bushfires, a global pandemic, a housing affordability crisis, rising interest rates and everything else in between.
As a result of all this, many people are now faced with financial hardship. If you find yourself in a position where you’re struggling financially, there are a number of things you can do to help ease your situation.
Read the full article: How to overcome financial hardship and who can help for some practical tips.
Looking into decentralised currencies? Check this out first
Crypto, bitcoin, NFTs - oh my! (Sounds like a bunch of intergalactic-inspired cereal names if you ask me). Over the past few years, we’ve seen people flock to join this new wave of investing.
Interestingly it’s mostly the younger generations leading the charge of this new investment trend.
Read full article: Looking into decentralised currencies? Check this out first for all the tea.
Searching for a solid home loan to get you into your dream home? You’ve come to the right place! Use our handy home loan comparison tool below to start comparing home loan options today.
Compare Home Loans today - rates updated daily
- Featured Product
Neat Home Loan
Owner Occupier, Principal & Interest, LVR <60%
interest rate
comparison rate
2.64% p.a. variable2.65% p.a.Neat Home Loan
Low variable rate. Ideal for buyers or investors. No annual fees to pay. Unlimited additional repayments. Free redraw facility available. Fast digital application. 40% deposit required. Winner of Mozo Experts Choice Australia's Best Essential Bank 2022^.
- interest rate
- 2.64% p.a. variable
- comparison rate
- 2.65% p.a.
- Upfront fees
- $250
- Ongoing fees
- $0.00
- Discharge Fee
- $300.00
- Extra repayments
- yes - free
- Redraw facility
- yes - free
- Offset account
- no
- Maximum loan to value ratio
- 60.00%
- minimum borrowing amount
- $80,000
- maximum borrowing amount
- $5,000,000
- type of mortgage
- Variable
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Weekly, Fortnightly, Monthly
- Special Offers
- -
Read our Mozo Review to learn more about the Neat Home Loan
Smart Booster Home Loan
2 Year Discounted Variable Rate, Owner Occupier, Principal & Interest, <80% LVR
interest rate
comparison rate
2.60% p.a.variable for 24 months and then 3.00% p.a. variable2.96% p.a.Smart Booster Home Loan
New super low introductory rate home loan for two years. Min 20% deposit. No monthly or ongoing fees. Fast settlement times. Mozo award-winning online lender. Friendly, local Australian based team.
- interest rate
- 2.60% p.a.variable for 24 months and then 3.00% p.a. variable
- comparison rate
- 2.96% p.a.
- Upfront fees
- $520
- Ongoing fees
- $0.00
- Discharge Fee
- $0.00
- Extra repayments
- yes - free
- Redraw facility
- yes - free
- Offset account
- Optional - with 0.10% additional interest
- Maximum loan to value ratio
- 80.00%
- minimum borrowing amount
- $50,000
- maximum borrowing amount
- $1,000,000
- type of mortgage
- Variable
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Weekly, Fortnightly, Monthly
- Special Offers
- -
Read our Mozo Review to learn more about the Smart Booster Home Loan
Unloan Variable
Owner Occupier, Refinance Only
interest rate
comparison rate
2.64% p.a. variable2.56% p.a.Unloan Variable
For refinancers only. Built by CommBank, the Unloan is the first home loan with an increasing discount (conditions apply) for borrowers. No application or banking fees. No monthly account keeping or early exit fees. Apply in as little as 10 minutes.
- interest rate
- 2.64% p.a. variable
- comparison rate
- 2.56% p.a.
- Upfront fees
- $0
- Ongoing fees
- -
- Discharge Fee
- $0.00
- Extra repayments
- yes - free
- Redraw facility
- yes - free
- Offset account
- no
- Maximum loan to value ratio
- 80.00%
- minimum borrowing amount
- $10,000
- maximum borrowing amount
- $3,000,000
- type of mortgage
- Variable
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Weekly, Fortnightly, Monthly
- Special Offers
- -
Read our Mozo Review to learn more about the Unloan Variable
Variable Rate Home Loan
Owner Occupier, Principal & Interest, LVR <80%
interest rate
comparison rate
2.59% p.a. variable2.49% p.a.Variable Rate Home Loan
$5000 refinance cashback. Owner-occupier refinancers only living in NSW/VIC/SA metro and inner regional areas. Receive up to an additional 0.15% off your rate as you pay off the loan. Receive bonus payments up to $2,500. T&Cs apply. Mozo Experts Choice Award winner for 2022^.
- interest rate
- 2.59% p.a. variable
- comparison rate
- 2.49% p.a.
- Upfront fees
- $0
- Ongoing fees
- $0.00
- Discharge Fee
- $0.00
- Extra repayments
- yes - free
- Redraw facility
- no
- Offset account
- no
- Maximum loan to value ratio
- 80.00%
- minimum borrowing amount
- $20,000
- maximum borrowing amount
- $2,000,000
- type of mortgage
- Variable
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Fortnightly, Monthly
- Special Offers
- Receive $5000 cashback for Owner Occupier Refinancers only in eligible areas only.
Read our Mozo Review to learn more about the Variable Rate Home Loan
Basic Home Loan
Owner Occupier, LVR<60%, Principal & Interest
interest rate
comparison rate
2.84% p.a. variable2.84% p.a.Basic Home Loan
Enjoy a low rate home loan with $0 application fee and $0 ongoing fees. Flexibility to split your loan and set different repayment types. Fee free redraw from your loan using online banking. Flexible ways to repay. Apply online in as little as 15 minutes.
- interest rate
- 2.84% p.a. variable
- comparison rate
- 2.84% p.a.
- Upfront fees
- $0
- Ongoing fees
- $0.00
- Discharge Fee
- $400.00
- Extra repayments
- yes - free
- Redraw facility
- yes - free
- Offset account
- no
- Maximum loan to value ratio
- 60.00%
- minimum borrowing amount
- $150,000
- maximum borrowing amount
- $5,000,000
- type of mortgage
- Variable
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Monthly
- Special Offers
- -
Read our Mozo Review to learn more about the Basic Home Loan
* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
** Initial monthly repayment figures are estimates only, based on the advertised rate, loan amount and term entered. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.
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