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

By Rhianna Dews · · 3 min read
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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: 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

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.

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Last updated 30 May 2025 Important disclosures and comparison rate warning*
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Loan purpose
Buying or Refinancing
  • Promoted

    Unloan Variable Home Loan

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    • Principal & Interest
    • 20% min deposit
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    Interest rate
    5.49 % p.a.
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    Comparison rate
    5.40 % p.a.
    Initial monthly repayment
    $2,836
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    Interest rate
    5.78 % p.a.
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    Comparison rate
    5.82 % p.a.
    Initial monthly repayment
    $2,927
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    • NRMA Home Loans has confirmed a rate cut of 0.25% p.a. effective 6 June
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    Home Loan

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    • 40% min deposit
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    Interest rate
    5.56 % p.a.
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    Comparison rate
    5.57 % p.a.
    Initial monthly repayment
    $2,858
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    Interest rate
    5.74 % p.a.
    Fixed 2 years
    Comparison rate
    5.81 % p.a.
    Initial monthly repayment
    $2,915
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    Interest rate
    5.29 % p.a.
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    Comparison rate
    5.72 % p.a.
    Initial monthly repayment
    $2,773
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  • Unloan Variable Home Loan

    • Owner occupier
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    • 20% min deposit
    • Redraw available
    Interest rate
    5.49 % p.a.
    Variable
    Comparison rate
    5.40 % p.a.
    Initial monthly repayment
    $2,836
    Go to site
    • RATE CUT NOW LIVE!
    • The first home loan with an increasing discount (conditions apply)
    • No application or banking fees

  • Fixed Rate Home Loan

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    5.49 % p.a.
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    Comparison rate
    5.91 % p.a.
    Initial monthly repayment
    $2,836
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    • No ongoing annual fees
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  • Fixed Rate Home Loan

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    • 20% min deposit
    Interest rate
    5.49 % p.a.
    Fixed 2 years
    Comparison rate
    5.96 % p.a.
    Initial monthly repayment
    $2,836
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    • Free extra repayments of up to $25,000 during the fixed rate period.
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    Interest rate
    5.53 % p.a.
    Fixed 2 years
    Comparison rate
    5.86 % p.a.
    Initial monthly repayment
    $2,848
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    5.54 % p.a.
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    Initial monthly repayment
    $2,852
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  • Home Loan

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    5.56 % p.a.
    Variable
    Comparison rate
    5.57 % p.a.
    Initial monthly repayment
    $2,858
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    5.66 % p.a.
    Initial monthly repayment
    $2,883
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    Interest rate
    5.64 % p.a.
    Variable
    Comparison rate
    5.89 % p.a.
    Initial monthly repayment
    $2,883
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    5.74 % p.a.
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    5.77 % p.a.
    Initial monthly repayment
    $2,915
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    • BCU Bank has confirmed a rate cut of 0.25% p.a. effective 10 June
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    • Principal & Interest
    • 10% min deposit
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    Interest rate
    5.74 % p.a.
    Fixed 2 years
    Comparison rate
    5.81 % p.a.
    Initial monthly repayment
    $2,915
    Go to site
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    Interest rate
    5.77 % p.a.
    Variable
    Comparison rate
    5.78 % p.a.
    Initial monthly repayment
    $2,924
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    • Redraw available
    Interest rate
    5.78 % p.a.
    Variable
    Comparison rate
    5.82 % p.a.
    Initial monthly repayment
    $2,927
    Go to site
    • NRMA Home Loans has confirmed a rate cut of 0.25% p.a. effective 6 June
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  • Variable Home Loan 90

    • Owner occupier
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    • 10% min deposit
    • Offset available
    • Redraw available
    Interest rate
    5.79 % p.a.
    Variable
    Comparison rate
    5.83 % p.a.
    Initial monthly repayment
    $2,931
    Go to site
    • Loans.com.au has confirmed a rate cut of 0.25% p.a. effective 3 June
    • No monthly or ongoing fees
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  • Basic Variable Home Loan

    • Owner occupier
    • Principal & Interest
    • 40% min deposit
    • Redraw available
    Interest rate
    5.88 % p.a.
    Variable
    Comparison rate
    5.91 % p.a.
    Initial monthly repayment
    $2,959
    Go to site
    • P&N Bank has confirmed a rate cut of 0.25% p.a. effective 10 June
    • No ongoing monthly loan maintenance fees
    • Weekly, fortnightly, or monthly repayment options

  • Offset Home Loan

    • Owner occupier
    • Principal & Interest
    • 40% min deposit
    • Offset available
    • Redraw available
    Interest rate
    5.89 % p.a.
    Variable
    Comparison rate
    5.92 % p.a.
    Initial monthly repayment
    $2,962
    Go to site
    • BCU Bank has confirmed a rate cut of 0.25% p.a. effective 10 June
    • No ongoing monthly loan maintenance fees to pay.
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Showing 16 results from 416 home loans. Use the filters to see more

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* 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. You can change the loan amount and term in the input boxes at the top of this table. 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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