How to survive cost of living crisis, cheapest Easter Show Showbags & Optus SubHub: This week’s best banking news

How to survive cost of living crisis, cheapest Easter Show Showbags & Optus SubHub: This week’s best banking news
Image: Sydney Royal Easter Show Facebook page
  • 10 Ways to Survive the Cost of Living Crisis
  • Cash rate to rise in June, peak at 2% in mid-2023: Westpac
  • Cheapest Easter Show showbags 2022
  • Why do investors pay more for a home loan?
  • Everything you need to know about Optus SubHub
  • Sydney & Melbourne’s national housing values showed a decline, says CoreLogic

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

10 Ways to Survive the Cost of Living Crisis

From sky-high petrol prices to the rising cost of just about everything but the kitchen sink (TBH, that’s probably gone up too), Aussies just can’t catch a break. 

For real, though. You’re probably just as sick of hearing about the rising cost of living as I am writing about it. 

Nonetheless, I’d say it shan't be leaving the news cycle anytime soon (apologies to the both of us). So the least we can do is share some of our top tips to help you get through it - united we stand! 

Read the full article: 10 Ways to Survive the Cost of Living Crisis to help you keep going while the going gets tough.

Cash rate to rise in June, peak at 2% in mid-2023: Westpac

Well, folks. After a surprise shift in messaging by the Reserve Bank of Australia at its latest policy meeting, Westpac economists have brought forward their initial interest rate hike expectations.

Westpac now anticipates a 15 basis point increase in June and an additional four cuts in 2022, ending the year with a 1.25% cash rate.

“The Reserve Bank Governor surprised us on Tuesday with the Board’s decision to abandon its patient approach to monetary policy,” said Westpac chief economist Bill Evans.

Read the full article: Cash rate to rise in June, peak at 2% in mid-2023: Westpac for the full scoop.

Cheapest Easter Show showbags 2022

Cheapest Easter Show showbags 2022

Ladies and gentlemen, boys and girls. Come one, come all - the 2022 Sydney Royal Easter Show has officially begun! It’s time to get your annual Dagwood Dog and $2 toastie fix.

But what’s a day out at the Show without a showbag or two to take home? Lucky for you, we’ve just compiled a massive list of all the cheapest showbags - we even broke them down into categories!

Read the full article: Cheapest Easter Show showbags 2022 so you can walk into the showbag pavilion like you own the dang place!

Why do investors pay more for a home loan?

Whether you’re buying your first investment property or you’re on your way to becoming the next Chuck Bass in the Aussie property scene - investing in real estate has many benefits. 

However, you might be wondering why investors seem to cop much higher home loan interest rates (sometimes as much as 40 basis points) than owner-occupiers? 

Read the full article: Why do investors pay more for a home loan? for the full rundown.

Everything you need to know about Optus SubHub

Everything you need to know about Optus SubHub

Netflix, Amazon Prime - it seems like a new streaming service pops up every day! But one’s never enough… 

It’s great having access to endless content, but staying on top of multiple subscriptions can be a real chore. That’s where Optus SubHub comes in! 

At the end of last year, Optus launched ‘SubHub’, a subscription bundling platform that helps eligible Optus customers manage and save on their subs by combining them all into one payment.

Read the full article: Everything you need to know about Optus SubHub for your guide to managing your subscriptions.

Sydney & Melbourne’s national housing values showed a decline, says CoreLogic

With Australian property prices going through the roof for what feels like yonks, news from CoreLogic’s latest home value index that the market is finally slowing down is sure to be welcomed with open arms.

According to the report, in the first quarter of 2022, national dwelling values went up by 2.4%, less than half of 2021’s 5.8% first-quarter rise.

The report also revealed that the Sydney market is starting to slow down with just a 0.3% growth rate (versus 9.3% this time last year). Similarly, Melbourne saw a growth of just 0.1%, quite a difference from last year’s first quarter when it was at 5.8%.

Read full article: Sydney & Melbourne’s national housing values showed a decline, says CoreLogic for all the deets.

On the hunt for a hot new home loan? Jump on our free home loan comparison tool below to compare home loan options today.

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Last updated 24 October 2024 Important disclosures and comparison rate warning*

Home loan comparisons on Mozo

  • 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 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 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.

  • 2-Year Discounted - Simple Home Loan Variable

    • Owner-Occupied
    • Principal and Interest
    • LVR<60%
    Interest rate
    5.54 % p.a.
    Variable for 24 months and then 5.99% p.a.
    Comparison rate
    5.90 % p.a.
    Initial monthly repayment
    $2,988
    Go to site

    Enjoy a low variable rate with no application, ongoing or monthly fees to pay. Access your money via internet banking at any time with free redraws. Make additional repayments at any time. Available for owner occupied, investment and interest only repayments.

  • 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.

  • Simple Home Loan Variable

    • Owner-Occupied
    • Principal and Interest
    • LVR<60%
    Interest rate
    5.99 % p.a.
    Variable
    Comparison rate
    5.99 % p.a.
    Initial monthly repayment
    $2,995
    Go to site

    Enjoy a low variable rate with no application, ongoing or monthly fees to pay. Access your money via internet banking at any time with free redraws. Make additional repayments at any time. Available for owner occupied, investment and interest only repayments.

  • Fixed Rate

    • Owner Occupier
    • Principal & Interest
    • <80% LVR
    Interest rate
    5.99 % p.a.
    Fixed 3 years
    Comparison rate
    6.89 % p.a.
    Initial monthly repayment
    $2,995

    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.

  • 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.