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Media Releases

Rates remain on hold – new record

2nd of September 2014

A RateCity analysis of RBA data shows that as at September it is the longest period with a steady cash rate on record since May 2006. And, if the cash rate remains on hold for the remainder of this year, it will be 18 months unchanged and the longest period of continuously steady rates in almost 20 years.

Generation debt – Y Australians are credit crazy

6th of August 2014

Australians are now taking on debt earlier in life, with age 20 the new average age for young people to purchase their first credit card. This compares with the average age for older generations (such as those aged 65 years and older), which applied for their first credit cards at age 34.

More lenders slash rates out of cycle

5th of August 2014

The Reserve Bank of Australia has left interest rates on hold at 2.50 percent at its August meeting, marking 12 months since the last rate cut and almost 4 years since the last rate increase.

New phase for RateCity as Alex Parsons departs

4th of August 2014

Financial comparison site, RateCity, enters a new phase of the business, as CEO Alex Parsons transitions into a new role with one of the shareholders after 18 months at the helm.

Rate war erupts as majors lose market share

25th of July 2014

More home loan borrowers are flocking to smaller banks, and stealing market share from the major banks, new research from Australia’s leading financial comparison site, RateCity (www.ratecity.com.au) shows.

RateCity stepping up financial education in Australia

23rd of July 2014

With recent research indicating Aussie kids are falling behind on financial literacy, RateCity will be taking matters into its own hands and as a first step, supporting vulnerable communities in Australia through financial education initiatives.

Low rates mask potential home loan danger

1st of July 2014

Record low interest rates, combined with booming house prices, have put many home owners in a ‘perceived’ better financial position this year, according to RateCity.

Borrowers told to ‘cool it’ as market heats up

3rd of June 2014

The Reserve Bank of Australia’s decision to leave the cash rate on hold at 2.5 percent today is a welcome one for variable home borrowers, bringing repayment relief for at least another month, according to Australia’s leading financial comparison website, RateCity.

RateCity's new Obsessive Saver campaign

20th of May 2014

Developed with content specialists Captiv8, the “Obsessive Saver” campaign has fun with the idea that everyone has little obsessive saving habits and using RateCity is another great way to find the joy of saving.

Federal Budget: Time to tighten the belt

14th of May 2014

Almost every Australian will have to tighten the belt on spending, following the delivery of the Government’s first Federal Budget last night, financial comparison website, RateCity, has warned.