New Afterpay ‘Retro’ feature, cheap iPhone 13 deals & managing your money post-lockdown: This week’s best banking news

New Afterpay ‘Retro’ feature, cheap iPhone 13 deals & managing your money post-lockdown: This week’s best banking news
  • Home resale value affected by climate change
  • New ‘Retro’ feature set to launch with the Money by Afterpay app
  • Where to find the cheapest iPhone 13 preorder deals
  • Housing sales hit a 12-year high, says CoreLogic
  • Earn bonus points on your Black Friday & Christmas shopping for 2022 travel
  • How to handle your post-lockdown finances

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

Home resale value affected by climate change

A recent report by the Reserve Bank of Australia estimated that 254 suburbs are currently at a high risk of dropping in value due to extreme weather resulting from climate change. This will likely affect banks physical mortgage portfolios by 2050.

“A small share of housing in regions most exposed to extreme weather could experience price falls that might subsequently result in credit losses,” says the RBA report.

Read full article: Resale value of your home at potential risk if climate change worsens to find out more.

Hot new ‘Retro’ feature set to launch with the Money by Afterpay app

This just in: Buy Now Pay Later (BNPL) giant Afterpay have just announced an exciting new feature on the way called ‘Retro’. 

The way it’ll work is, Afterpay users can retrospectively opt to pay off a previously made transaction in four instalments using BNPL.

Retro is soon to launch with the new Money by Afterpay app (a payment platform backed by big bank Westpac). A one-stop shop for all your banking needs, the new app will offer BNPL options, a daily transaction account and debit card, plus up to 15 savings accounts - all within the one app.

Read the full article: Say hello to Retro! A funky BNPL feature of the soon-to-launch Money by Afterpay app to learn more about this hot new feature.

Where to find the cheapest iPhone 13 preorder deals

Where to find the cheapest iPhone 13 preorder deals

Apple has just announced its brand new iPhone 13 series, which officially dropped today (24th of September 2021).

This latest generation of iPhone’s features four new models: the iPhone 13, iPhone 13 mini, iPhone 13 Pro and iPhone 13 Pro Max.

If you’re keen to get your hands on any one of these new devices, then check out our article below for a rundown on where you can find the cheapest iPhone 13 preorder deals!

Read the full article: Where to find the cheapest iPhone 13 preorder deals to help get your hands on the latest iPhone.

Housing sales hit a 12-year high, says CoreLogic

According to CoreLogic, an estimated 598,000 house and unit sales went down in Australia between the start of the year and August.

Not only is this a massive 42% increase compared to the previous 12-month period, but it’s the highest annual housing turnover recorded by CoreLogic since 2004.

Diving into the numbers a little deeper, we see that each saw a 10%+ increase in year-on-year home sales, except for Tasmania, which CoreLogic suggests is due to a supply shortage as opposed to a drop in demand.

Read the full article: Housing sales have reached a 12-year high, says CoreLogic for the full scoop.

Earn bonus points on your Black Friday & Christmas shopping for 2022 travel

Earn bonus points on your Black Friday & Christmas shopping for 2022 travel

With lockdown soon to end (fingers crossed), Aussies will potentially be able to lock in some international travel by 2022.

This means that now’s the time to start racking up those rewards points on your rewards credit card so you can use them to your advantage when it comes time to start booking your next overseas trip. And a great way to get a head start is with bonus points!

Read the full article: How to turn your Black Friday and Christmas shopping into bonus points for 2022 travel to get the goss.

How to handle your post-lockdown finances

Speaking of lockdown - throughout the COVID-19 pandemic, we’ve seen some serious changes in how Aussies manage their money.

It’s been said that there are two types of people in lockdown: those who online shopped up a storm and those who’ve been able to save more than ever before.

With the potential ease of restrictions being hopefully just around the corner - it might be a wise idea to check in with your personal spending and saving habits, so you can prepare for life post lockdown and all the expenses that come with it.

Read the full article: How to handle your post-lockdown finances for loads of handy tips and tricks.

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