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.

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.

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Last updated 30 October 2024 Important disclosures and comparison rate warning*

Home loan comparisons on Mozo

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  • Fixed Home Loan

    • Owner Occupier
    • Principal and Interest
    Interest rate
    5.54 % p.a.
    Fixed 2 years
    Comparison rate
    5.93 % p.a.
    Initial monthly repayment
    $2,852
    Go to site

    Competitive fixed rate on up to a 30 year loan term. No application fees to pay. Additional repayments up to $20,000 per year without penalty. Free online redraw. Optional 100% offset feature ($10/month) 10% minimum deposit. Fees & charges apply, Australian Credit Licence 237879 is held by Bendigo and Adelaide Bank Limited, the credit provider.

  • Unloan Variable

    • Owner Occupier
    • LVR <80%
    Interest rate
    5.99 % p.a.
    Variable
    Comparison rate
    5.90 % p.a.
    Initial monthly repayment
    $2,995
    Go to site

    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 online in minutes.

  • Fixed Express Home Loan

    • Owner Occupier
    • Principal & Interest
    Interest rate
    5.54 % p.a.
    Fixed 2 years
    Comparison rate
    6.11 % p.a.
    Initial monthly repayment
    $2,852
    Go to site

    Lock in a low 2 year fixed rate with the Mozo award winning Home Lender of the Year. Available for live-in borrowers with just a 10% deposit required. Free extra repayments (up to 20% in fixed period), free redraw and partial offset available. $10 monthly service fee. Aussie support centre. Fast approvals. Up to 6 free offset accounts (T&Cs apply).

  • Fixed Home Loan

    • Owner Occupier
    • Principal and Interest
    Interest rate
    5.54 % p.a.
    Fixed 2 years
    Comparison rate
    5.93 % p.a.
    Initial monthly repayment
    $2,852
    Go to site

    Competitive fixed rate on up to a 30 year loan term. No application fees to pay. Additional repayments up to $20,000 per year without penalty. Free online redraw. Optional 100% offset feature ($10/month) 10% minimum deposit. Fees & charges apply, Australian Credit Licence 237879 is held by Bendigo and Adelaide Bank Limited, the credit provider.

  • Fixed Express Home Loan

    • Owner Occupier
    • Principal & Interest
    Interest rate
    5.54 % p.a.
    Fixed 2 years
    Comparison rate
    6.11 % p.a.
    Initial monthly repayment
    $2,852
    Go to site

    Lock in a low 2 year fixed rate with the Mozo award winning Home Lender of the Year. Available for live-in borrowers with just a 10% deposit required. Free extra repayments (up to 20% in fixed period), free redraw and partial offset available. $10 monthly service fee. Aussie support centre. Fast approvals. Up to 6 free offset accounts (T&Cs apply).

  • Fixed Rate Home Loan

    • Owner Occupier
    • Principal & Interest
    • LVR <60%
    Interest rate
    5.59 % p.a.
    Fixed 5 years
    Comparison rate
    6.27 % p.a.
    Initial monthly repayment
    $2,867

    Get repayment certainty with HSBC’s low 2 Year Fixed Rate Home Loan. Make up to $10,000 of extra repayments a year. The option to split your home loan between fixed and variable. Plus, score $3,288 cashback when you refinance an existing home loan of $250,000. Must apply by 28 February 2023 and settle by 30 April 2023.

  • Fixed Rate

    • Owner Occupier
    • Principal & Interest
    • <80% LVR
    Interest rate
    5.74 % p.a.
    Fixed 3 years
    Comparison rate
    6.81 % p.a.
    Initial monthly repayment
    $2,915

    Enjoy up to $3000 cashback for eligible first home buyers and $2000 cashback for refinancers on eligible home loans with the ANZ Fixed Rate Home Loan. Get the security of repayment certainty with a competitive locked in rate. No ongoing fees to pay. Offset account on 1-year fixed loans ($10/month fee applies). Interest-only payments allowed.

  • Variable Home Loan

    • Owner Occupier
    • Principal and Interest
    Interest rate
    5.98 % p.a.
    Variable
    Comparison rate
    6.02 % p.a.
    Initial monthly repayment
    $2,991
    Go to site

    Competitive variable rate on up to a 30 year loan term. No application fees to pay. Unlimited additional repayments. Free online redraw. Optional 100% offset feature ($10/month) 10% minimum deposit. Fees & charges apply, Australian Credit Licence 237879 is held by Bendigo and Adelaide Bank Limited, the credit provider.

  • Unloan Variable

    • Owner Occupier
    • LVR <80%
    Interest rate
    5.99 % p.a.
    Variable
    Comparison rate
    5.90 % p.a.
    Initial monthly repayment
    $2,995
    Go to site

    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 online in minutes.

  • Discounted Home Value Loan

    • Owner Occupier
    • Principal & Interest
    • LVR <60%
    Interest rate
    5.99 % p.a.
    Variable
    Comparison rate
    5.99 % p.a.
    Initial monthly repayment
    $2,995

    Enjoy competitive rates for owner occupiers. Enjoy unlimited free extra repayments. Flexibility to redraw additional payments for free. No ongoing monthly service fee. Receive $3,288 cashback when you refinance an existing home loan. Minimum loan amount of $250,000, settle within 120 days from applying.

  • Express Home Loan

    • Owner Occupier
    • Principal & Interest
    • LVR <90%
    Interest rate
    6.09 % p.a.
    Variable
    Comparison rate
    6.22 % p.a.
    Initial monthly repayment
    $3,027
    Go to site

    Get online approval from the award-winning Bendigo Bank Express Home Loan. Multiple offset accounts and redraw available. 100% offset on variable rate loans and partial offset on fixed rate. Flexible repayment options. New home loans only.

  • Mortgage Simplifier

    • LVR<80%
    • Owner Occupier
    • Principal & Interest
    Interest rate
    6.14 % p.a.
    Variable
    Comparison rate
    6.17 % p.a.
    Initial monthly repayment
    $3,043

    Get a competitive variable rate with ING’s Mortgage Simplifier. Free extra repayments, no monthly or annual fees. Freedom to make free extra repayments or redraws.

  • Elevate

    • Owner Occupier
    • Principal & Interest
    • <80% LVR
    Interest rate
    6.18 % p.a.
    Variable
    Comparison rate
    6.18 % p.a.
    Initial monthly repayment
    $3,056

    Get competitive rates on loan terms of 5 to 30 years with the Aussie Elevate Home Loan. Structure your loan with up to five splits. Make additional repayments (T&Cs apply). Offset accounts available. Unlimited redraw using your online banking account. Choose from weekly, fortnightly or monthly payments For loan amounts from $10,000 to $5 million.

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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.

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.