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Aussies' $10.7m 'gift' to banks
25th November, 2013
Credit card users owe a massive $48.8 billion on their cards, with more than $34.2 billion accruing interest, latest Reserve Bank figures show. And RateCity estimates that plastic debts will balloon by 2 percent in January as the nation deals with Christmas spending hangovers.
How government can really help first home buyers
15th November, 2013
Despite record low interest rates, first home buyers now account for less than 10 percent of all new home loan dollars financed – a record low. Yet an opportunity to support a savings initiative for first home buyers is going to waste, according to Australia’s leading financial comparison website, RateCity (www.ratecity.com.au).
Fixed rates: have borrowers missed the lowest point?
8th November, 2013
After two years of ongoing interest rate cuts, which have pushed interest rates to an all-time low, has the rate reprieve for home owners come to an end?
No rate change but borrowers 20 months ahead on home loans
5th November, 2013
Despite no rate cut at today’s penultimate Reserve Bank board meeting, a low interest rate environment has helped households to pay down their home loans more quickly than required.
RBA doesn’t have to be a dark horse this Cup day
1st November, 2013
No matter which horse comes in number one next Tuesday, it’s a safe bet that the easiest return Aussies will get all year will be found through refinancing.
One in six give big banks the flick
14th October, 2013
Borrowers are flocking to smaller banks and mortgage lenders, which are stealing market share away from the major banks, new research from Australia’s largest financial comparison website, RateCity (www.ratecity.com.au), has found.
Borrowers $600 better off over the course of 2013
1st October, 2013
Despite no movement to the cash rate today, variable borrowers with a typical $300,000 home loan would be around $600 better off by the end of the year based on the previous two rate cuts in May and August 2013.
Are banks back to risky lending?
27th September, 2013
Lenders are proving more willing to lend to people with less deposit or equity than since the onset of the global financial crisis, new research from Australia’s leading financial comparison website, RateCity (www.ratecity.com.au), has found.
Investors shoulder out first home buyers
20th September, 2013
Property investors are flocking to cheap money and making it difficult for first home buyers to enter the market, new research from Australia’s leading financial comparison website RateCity shows.
Borrowers swoop on record low fixed rates
11th September, 2013
Borrowers are increasingly turning to fixed-rate home loans as lenders slash rates in a bid to attract new customers, Australia’s leading financial comparison website RateCity (www.ratecity.com.au) has found.
Rate hike is not far away
9th September, 2013
Australians should get ready for interest rates to increase as early as next year, with new data signalling some relief for savers but bad news for mortgage holders.
RBA leaves rates on hold
3rd September, 2013
Homeowners may have been denied a rate cut at today’s Reserve Bank board meeting, but RateCity research shows that the many borrowers could save $1560 per year by refinancing.
Mortgage lenders turn it on for spring
2nd September, 2013
Mortgage lenders have kick-started an aggressive incentive war in a bid to lure new borrowers, including offering free cash to switch and to price match on interest rates.
RateCity welcomes Ali Cassim as marketing director
15th August, 2013
Australia’s leading financial comparison website RateCity (www.ratecity.com.au) is pleased to announce the appointment of marketing powerhouse Ali Cassim in the newly created role of Marketing Director.
RBA-led rate cut means $44 monthly saving
6th August, 2013
Reserve Bank drops cash rate to new record low of 2.50%. Borrowers with a $300,000 variable home loan at the average rate can expect a monthly saving of $44. Refinancing from the average to lowest variable rates would mean monthly savings of over $150. 8 rate cuts between highest and lowest variable interest rates!