First Sydney property price drop in 17 months, new Apple ‘Tap to Pay’ & Aussie parents pay $960m p/yr on kid’s tech: This week’s best banking news
![First Sydney property price drop in 17 months, new Apple ‘Tap to Pay’ & Aussie parents pay $960m p/yr on kid’s tech: This week’s best banking news](https://cdn.mozo.com.au/images/atwood/13437/Sydney%20Harbour.jpg)
- This year’s property trends
- First Sydney property price drop in 17 months
- Your March 2022 Financial Checklist
- Apple announces new ‘Tap to Pay’
- Personal Loans Snapshot: March 2022
- Aussie parents spend big bucks on kid’s school tech
All in this week’s best banking news recap: editor’s pick.
Looking to buy a home? You’ll need to know the property trends of 2022
If you’re looking to buy a home this year, then it only makes sense that you get in the know with all the big property trends of 2022 – and trust us, there’s a lot of them.
One of the biggest themes of the year for the property market is an increased uncertainty around interest rates which has led to hesitation from buyers who are holding off for a better deal down the track.
Read the full article: Looking to buy a home? You’ll need to know the property trends of 2022 for a full rundown.
Sydney property prices fall for first time since 2020: CoreLogic
Well, well, folks. According to new CoreLogic data, Sydney (A.K.A the biggest and most expensive capital city Down Under) property prices have fallen for the first time in 17 months.
“CoreLogic’s latest Home Value Index recorded a 0.1% monthly drop in Sydney’s median home value to $1,116,219, though the median value in the city is still 22.4% higher over the year,” said Mozo Money Writer, Tom Watson.
Read the full article: Sydney property prices fall for first time since 2020: CoreLogic for the details.
Enter Autumn with the ultimate secret weapon: your March 2022 Financial Checklist
![Enter Autumn with the ultimate secret weapon: your March 2022 Financial Checklist](https://cdn.mozo.com.au/images/atwood/13437/international%20womens%20day%202022.jpg)
It’s March, and boy, are we in for a busy month ahead. Not to worry, your fave Financial Checklist is here to get you through!
In your March 2022 Financial Checklist:
- Get home flood insurance cover this flood season
- #BreakTheBias this International Women’s Day
- Run a financial goal check-in
- Embrace the luck of the Irish this St. Patrick’s Day
- Get organised this Pisces season
Read the full article: March 2022 Financial Checklist for loads of tips and tricks to get you through the month ahead.
Contactless payments in review: Apple’s new ‘Tap to Pay’
This just in: Apple has just announced its plans to launch a new “Tap to Pay'' software in the US, allowing merchants to accept “contactless” payment from Apple Pay and other digital wallets via smartphone.
“Tap to Pay makes the payment process easy by just tapping the selected contactless payment method to an iPhone with the new payment app open. This new software will only be available for iPhone XS (2018) and more recent models,” said Mozo Money Writer Amelia Hetherington.
Read the full article: Contactless payments in review: Apple’s new Tap to Pay for the full scoop.
Personal Loans Snapshot: March 2022
![Personal Loans Snapshot: March 2022](https://cdn.mozo.com.au/images/atwood/13437/home%20renovation%20couple.jpg)
As we start a new season and look back on how personal loan interest rates have performed over the past few months, we saw several rate cuts.
“Looking at the latest ABS Lending Indicators release , there was a 0.8% increase in fixed-term personal loan commitments (seasonally adjusted) in January 2022. Not much change from December’s 0.7% increase in fixed-term personal loans from the month prior,” said Mozo Money Writer Rhianna Dews.
Read the full article: Personal Loans Snapshot: March 2022 for more information.
School of hard knocks: Aussie parents spend big on kid’s school tech
When I think back to my school days, there was nothing better than that ‘new stationary feeling’ at the start of each year. [Although I could’ve gone without the bubbles in my Lizzie McGuire book contact - thanks, mum].
It makes you wonder whether today’s iPad generation kids missed out. Either way, "pre-BYOD" (bring your own device) era parents certainly dodged a bullet.
According to new Mozo research, parents are dropping a whopping $960 million smackaroonies a year, replacing and repairing their kid’s technology.
Read full article: School of hard knocks: Aussie parents spend big on kid’s school tech for the whole story.
On the hunt for a new piece of plastic. Start comparing credit card options today with our handy credit card comparison tool below:
Compare Credit Cards today
-
NAB Low Rate Card - Balance Transfer Offer
Spend with confidence with a low 13.49% p.a. variable purchase rate and 0% p.a. interest on balance transfers for the first 28 months (T&Cs apply). 2% balance transfer fee applies. There’s also up to 55 interest free days on purchases to help you manage your budget better when you make minimum repayments. Minimum credit limit $1,000. No annual fee for the first year (usually $59).
Purchase rate
13.49% p.a.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 yearRewards program
-CompareCompareLow Rate Card - Balance Transfer Offer
Spend with confidence with a low 13.49% p.a. variable purchase rate and 0% p.a. interest on balance transfers for the first 28 months (T&Cs apply). 2% balance transfer fee applies. There’s also up to 55 interest free days on purchases to help you manage your budget better when you make minimum repayments. Minimum credit limit $1,000. No annual fee for the first year (usually $59).
- Purchase rate
- 13.49% p.a.
- 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
- -
- Purchase rate
- 13.49% p.a.
- Intro purchase rate
- -
- Balance transfer rate
- 0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)
- Cash advance
- 21.74% p.a.
- Interest free days on purchases
- 55
- Intro fee
- 0.0
- Foreign exchange margin
- 3.00%
- Annual card fee
- $59 $0 in the first year
- Late payment fee
- $15.00
- Cash advance fee
- 3%, Min $3
Read our Mozo Review to learn more about the Low Rate Card - Balance Transfer Offer
-
Apply By 14 Jan 2025
American Express Qantas Ultimate Card
Receive 50,000 bonus Qantas Points when you apply online by 14 January 2025, are approved, and spend $3,000 on eligible purchases on your new Qantas American Express Ultimate Card within the first 3 months of your approval date. T&Cs apply. Available for new American Express Card Members only.
Purchase rate
23.99% p.a.Balance transfer rate
No current offerAnnual fee
$450Rewards program
Qantas Frequent FlyerCompareCompareQantas Ultimate Card
Receive 50,000 bonus Qantas Points when you apply online by 14 January 2025, are approved, and spend $3,000 on eligible purchases on your new Qantas American Express Ultimate Card within the first 3 months of your approval date. T&Cs apply. Available for new American Express Card Members only.
- Purchase rate
- 23.99% p.a.
- Balance transfer rate
- No current offer
- Annual fee
- $450
- Rewards program
- Qantas Frequent Flyer
- Purchase rate
- 23.99% p.a.
- Intro purchase rate
- -
- Balance transfer rate
- No current offer
- Cash advance
- -
- Interest free days on purchases
- 44
- Intro fee
- -
- Foreign exchange margin
- 3.00%
- Annual card fee
- $450
- Late payment fee
- $30.00
- Cash advance fee
- 2%, min $2.50
Read our Mozo Review to learn more about the Qantas Ultimate Card
-
American Express Essential® Rewards Credit Card
Earn up to 80,000 Membership Rewards® points* In your first 120 days when you apply by 17 September 2024 and are approved for The American Express Essential® Rewards Credit Card. Earn 20,000 Membership Rewards points for each 30 day period in which you spend $1,000 on eligible purchases on your Card for the first 120 days.*T&Cs apply. New American Express Card Members only.
Purchase rate
23.99% p.a.Balance transfer rate
No current offerAnnual fee
$108Rewards program
Membership RewardsCompareCompareEssential® Rewards Credit Card
Earn up to 80,000 Membership Rewards® points* In your first 120 days when you apply by 17 September 2024 and are approved for The American Express Essential® Rewards Credit Card. Earn 20,000 Membership Rewards points for each 30 day period in which you spend $1,000 on eligible purchases on your Card for the first 120 days.*T&Cs apply. New American Express Card Members only.
- Purchase rate
- 23.99% p.a.
- Balance transfer rate
- No current offer
- Annual fee
- $108
- Rewards program
- Membership Rewards
- Purchase rate
- 23.99% p.a.
- Intro purchase rate
- -
- Balance transfer rate
- No current offer
- Cash advance
- -
- Interest free days on purchases
- 55
- Intro fee
- -
- Foreign exchange margin
- 3.00%
- Annual card fee
- $108
- Late payment fee
- $30.00
- Cash advance fee
- not available
Read our Mozo Review to learn more about the Essential® Rewards Credit Card
-
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
23.99% p.a.Balance transfer rate
No current offerAnnual fee
$195 $0 in the first yearRewards program
Membership RewardsCompareComparePlatinum 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
- 23.99% p.a.
- Balance transfer rate
- No current offer
- Annual fee
- $195 $0 in the first year
- Rewards program
- Membership Rewards
- Purchase rate
- 23.99% p.a.
- Intro purchase rate
- -
- Balance transfer rate
- No current offer
- Cash advance
- -
- Interest free days on purchases
- 55
- Intro fee
- 0.0
- Foreign exchange margin
- 3.00%
- Annual card fee
- $195 $0 in the first year
- Late payment fee
- $30.00
- Cash advance fee
- 2%, min $2.50
Read our Mozo Review to learn more about the Platinum Edge Credit Card
-
American Express Explorer® Credit Card
Receive 100,000 Membership Rewards® Bonus Points* when you apply online through the link on this page by 3 October 2024, are approved and spend $4,000 on eligible purchases on your new American Express Explorer® Credit Card within the first 3 months. T&Cs apply. New American Express Card Members only*
Purchase rate
23.99% p.a.Balance transfer rate
No current offerAnnual fee
$395Rewards program
Membership RewardsCompareCompareExplorer® Credit Card
Receive 100,000 Membership Rewards® Bonus Points* when you apply online through the link on this page by 3 October 2024, are approved and spend $4,000 on eligible purchases on your new American Express Explorer® Credit Card within the first 3 months. T&Cs apply. New American Express Card Members only*
- Purchase rate
- 23.99% p.a.
- Balance transfer rate
- No current offer
- Annual fee
- $395
- Rewards program
- Membership Rewards
- Purchase rate
- 23.99% p.a.
- Intro purchase rate
- -
- Balance transfer rate
- No current offer
- Cash advance
- -
- Interest free days on purchases
- 55
- Intro fee
- -
- Foreign exchange margin
- 3.00%
- Annual card fee
- $395
- Late payment fee
- $30.00
- Cash advance fee
- 2%, min $2.50
Read our Mozo Review to learn more about the Explorer® Credit Card
Your selected interest rates
Your selected interest rates
Your selected interest rates
Your selected interest rates
Your selected interest rates
^See information about the Mozo Experts Choice Credit Card Awards
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.