Starlink premium satellite broadband tier, James Bond travel guide & $415m Valentine’s Day spend: This week’s best banking news

By Rhianna Dews · · 3 min read
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Starlink premium satellite broadband tier, James Bond travel guide & $415m Valentine’s Day spend: This week’s best banking news
  • Property prices to fall by 10% in 2023: NAB
  • Renewable energy records smashed in January led by solar & wind
  • No Time to Die: The ultimate James Bond travel guide
  • Starlink launches premium satellite broadband tier
  • Aussie lovebirds set to spend $415 million this Valentine's day
  • Save over $600 on credit card interest with these balance transfer offers

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

Property prices to fall by 10% in 2023: NAB

Ah, yes. Finally, some good news for the property market. According to a recent analysis conducted by NAB, we expect to see the Australian property market undergo a correction this year before experiencing a significant drop in 2023.

NAB’s latest Quarterly Property Survey revealed that despite experiencing a slight dip towards the end of 2021, capital city prices are expected to rise by approximately 3 per cent this year. Then in 2023, we should see capital city property values drop by 9.3%.

Read the full article: Property prices to fall by 10% in 2023: NAB for the full wrap-up.

Renewable energy records smashed in January led by solar & wind

In January, we saw numerous Aussie states set records in renewable energy production while clean power infrastructure in Western Australia continued to dominate the market . 

“Across the country, three states saw new production records, with New South Wales leading the way with the largest total output,” said Mozo Money Writer Cooper Langby.

“Western Australia had the greatest performing individual utilities, with the top five wind farms and top two solar installations in the country all within the state.  

Read the full article: Renewable energy records smashed in January led by solar and wind for more information.

No Time to Die: The ultimate James Bond travel guide

No Time to Die: The ultimate James Bond travel guide

The name’s Zo. Mo-zo. … What do our travel insurance hub and every James Bond movie known to man have in common? Epic locations.

And after watching No Time to Die (2021) - A.K.A., the latest instalment in the iconic film franchise, we couldn’t help but feel inspired. 

So, if you’re ready to live life on the edge - then start by diving into our Ultimate James Bond travel guide.

Read the full article: No Time to Die: The ultimate James Bond travel guide for all you need for an epic international escape.

Starlink launches premium satellite broadband tier

This just in: Elon Musk’s SpaceX-owned Starlink satellite broadband has just launched a premium tier of its internet service, offering even faster speeds for high-demand users and businesses.

“The premium Starlink service will see speeds between 150Mbps-500Mbps for users with latency of 20-40ms, which the company says will enable high throughput connectivity for small offices, storefronts and “super users” with a greater bandwidth need,” said Mozo Money Writer Cooper Langby. 

Read the full article: Starlink launches premium satellite broadband tier for the full scoop.

Aussie lovebirds set to spend $415 million this Valentine's day

Aussie lovebirds set to spend $415 million this Valentine's day

Whip out your wallets, fellas. It’s that time of year again. Valentine’s Day … 

According to a recent survey conducted by the Australian Retailers Association (ARA) about the gift-giving intentions of 2,717 Australians, the average Aussie plans to spend $111 on gifts for their partner this V-Day.

The survey also predicted a massive $415 million spending boom in the lead up to February 14th - astonishingly, this figure is slightly down compared to previous years.

Read the full article: Aussie lovebirds set to spend $415 million this Valentine's day for all the tea.

Save over $600 on credit card interest with these balance transfer offers

According to the RBA, Aussies are racking up interest on a whopping $17.24 billion worth of credit card debt each month. This means it might be time to look into taking up a balance transfer offer to help rid yourself of debt.

In case you were wondering, a balance transfer is when you move an existing credit card debt onto a new balance transfer card to pay off at a much lower interest rate for a set term.

“Mozo discovered you could save $696 when switching from a card with the average rate and annual fee from those on the Mozo database (17% p.a. and $135 annual fee) on a $4,200 balance paid off over 12 months using a 0% p.a. balance transfer offer,” said Mozo Money Writer Ava Crawford.

Read full article: You could save over $600 on credit card interest with one of these top balance transfer offers for more details.

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Last updated 23 November 2024 Important disclosures
  • 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 offer
    Annual fee
    $450
    Rewards program
    Qantas Frequent Flyer
    Compare
    Go to site
    Details
  • American Express Explorer® Credit Card

    Receive 50,000 Bonus Membership Rewards Points when you apply online, are approved, and spend $4,000 on eligible purchases on your new Card within the first 3 months. T&Cs apply. New Card Members only.*

    Purchase rate
    23.99% p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $395
    Rewards program
    Membership Rewards
    Compare
    Go to site
    Details
  • NAB Low Rate Card - Balance Transfer Offer

    Spend with confidence with a low variable purchase rate and 0% p.a. interest on balance transfers for the first 24 months. Unpaid balance transfer reverts to variable cash advance rate. 3% balance transfer fee applies. There’s also up to 55 interest free days on purchases to help you manage your budget when you pay your account in full by the due date. Minimum credit limit $1,000. Low annual fee. T&Cs, fees, charges and eligibility criteria apply.

    Purchase rate
    13.49% p.a.
    Balance transfer rate
    0% p.a. for 24 months and then 21.74% p.a. (3.00% balance transfer fee)
    Annual fee
    $59
    Rewards program
    -
    Compare
    Go to site
    Details
  • Citi Rewards - Rewards Points Offer

    100,000 bonus Citi reward Points when you spend $5,000 on eligible purchases within 3 months from approval. That’s $400 when you Pay with Points! Earn up to 1 Citi reward Point per $1 on eligible transactions. Access up to 3 months complimentary International Travel Insurance and up to 14 days Domestic Travel Insurance with a Citi Rewards Credit Card when meeting eligibility criteria. Apply for a credit limit from $2,000 up to $100,000. This product is provided by National Australia Bank Limited, using certain trademarks temporarily under licence from Citigroup Inc.

    Purchase rate
    21.49% p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $199 $99 in the first year
    Rewards program
    Citi Rewards Program
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    Go to site
    Details
  • Kogan Money Black Card

    Get 0% p.a. on purchases and balance transfers for 9 months with a 1% balance transfer fee. Reverts to cash advance rate. $0 annual fee to pay. Earn 2 rewards points per dollar on your eligible purchases at Kogan.com & 1 rewards point per dollar on your everyday purchases, almost anywhere (T&Cs apply). FREE Kogan First membership valued at $129/year. Add up to 4 additional cardholders at no cost.

    Purchase rate
    0% p.a. for 9 months then 21.99% p.a.
    Balance transfer rate
    0% p.a. for 9 months and then 22.74% p.a. (1.00% balance transfer fee)
    Annual fee
    $0
    Rewards program
    Kogan Rewards Points
    Compare
    Go to site
    Details

^See information about the Mozo Experts Choice Credit Card Awards

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