Aussie investor boom, lockdown Netflix picks & risky mortgage costs: This week’s best banking news

Aussie investor boom, lockdown Netflix picks & risky mortgage costs: This week’s best banking news
  • Are home loan cashback offers worth it?
  • Aussie investors on the rise
  • What to watch on Netflix during lockdown
  • Buyers urged to consider ‘riskier’ mortgage costs before jumping in
  • Get 100GB of mobile data for $15 with new Amaysim lockdown offer
  • Credit card offers to know about this month

All in this week’s best banking news recap: editor’s pick.

Are home loan cashback offers worth it

Nowadays, lenders are mixing up the strategies they use to reel in customers - the latest fad being cashback offers.

Lately, we’ve seen loads of lenders offering cashback offers to home loan borrowers from anywhere between $1,000 to $3,000. In fact, there are currently 19 lenders in our Mozo database with home loan cashback deals up for grabs at the moment - a significant increase from seven back in 2019.

But the real question is, are they worth it?

Read full article: More home loan lenders offering cashback deals, but are they worth it? to find out.

Aussie investors on the rise

Research company Investment Trends’ 2021 1H Online Investing Report has revealed a consistent boom in new online investors to share trading, ETFs and other securities in Australia - particularly throughout the pandemic. 

“The pandemic has significantly shifted the Australian investing landscape throughout 2020 and this continued through the first half of 2021,” said Investment Trends head of research, Irene Guiamatsia.

“To put things into perspective, the number of active retail online investors, that is those who bought or sold securities in a 12-month period, has almost doubled compared to pre-pandemic levels, from 750,000 to 1,430,000.”

Read the full article: Australia's lockdown love affair with shares continues as investor numbers double for the full scoop.

What to watch on Netflix during lockdown

What to watch on Netflix during lockdown

With many Aussies stuck in lockdown, thanks to the latest COVID restrictions, you might be looking for new ways to stay entertained while staying at home.

But if you’re all puzzle/painting-ed/baked/(*insert other spontaneous lockdown project*)-out, then let your inner artisté take a beat while those creative juices replenish and flick on the TV instead.

Need a little inspo on what to watch? We’ve got you covered!

Read the full article: What to watch on Netflix during lockdown to get you prepped for the ultimate Netflix binge-sesh.

Buyers urged to consider ‘riskier’ mortgage costs before jumping in

With a booming property market and sky-high house prices, it makes sense that many Aussies are starting to jump the gun to join in on the action.

However, experts are urging people to be aware of the extra costs that could come with these ‘riskier’ home loan options.

“If you’re trying to break into the booming home loan market with a small deposit, family guarantee or longer loan term, it’s important to know what you’re getting into and understand the risk you’re taking,” explained Mozo spokesperson, Tom Godfrey.

Read the full article: Buyers urged to consider 'riskier’ mortgage costs before bounding into booming market to learn more.

Get 100GB of mobile data for $15 with new Amaysim lockdown offer

Score 100GB of mobile data for $15 with Amaysim’s new lockdown offer

This just in: Aussie telco Amaysim has just launched a new lockdown deal!

With Amaysim’s $40 Prepaid Plan, you’ll be able to score a whopping 100GB of mobile data for just $15 for the first renewal (offer available until the 31st of August 2021).

The standard plan already comes with 50GB of mobile data, but thanks to this new offer you’ll score an extra 50GB of bonus data on top. 

Read the full article: Amaysim lockdown offer: 100GB of mobile data for $15 for more details.

Credit card offers to know about this month

Alright, we’ll be the first to say it. With seemingly endless options available, finding the right credit card to suit your specific financial needs can be pretty daunting. 

This is why it’s super important to work out exactly what your motivation is for getting a card in the first place (and what you plan to use it for) so you can narrow down your search to products that reflect this.

On that note, if you are currently in the market for a new piece of plastic, here’s a rundown on some of the hottest credit card offers of the moment.

Read the full article: Credit card offers to know about this month for all the deets.

On the lookout for a new piece of plastic? Then have a guise through our credit card comparison tool below compare your options:

Compare Credit Cards today - last updated 16 April 2024

Search promoted credit cards below or do a full Mozo database search. Advertiser disclosure
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    Balance transfer rate
    0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)
    Annual fee
    $59 $0 in the first year
    Rewards program
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  • Apply By 28 May 2024
    American Express Qantas Ultimate Card

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    Purchase rate
    23.99% p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $450
    Rewards program
    Qantas Frequent Flyer
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    Details
  • American Express Platinum Edge Credit Card

    Enjoy $0 Annual Card Fee (usually $195) in the first year when you apply online and are approved. T&Cs apply. New Card Members only. Offer subject to change without notice.

    Purchase rate
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    Balance transfer rate
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    Annual fee
    $195 $0 in the first year
    Rewards program
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    Purchase rate
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    Balance transfer rate
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    Annual fee
    $395
    Rewards program
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  • Apply By 15 May 2024
    American Express Velocity Platinum Card

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    Purchase rate
    23.99% p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $375
    Rewards program
    Velocity Frequent Flyer
    Compare
    Details

^See information about the Mozo Experts Choice Credit Card Awards

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