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Media Releases

Borrowers lose out on rate cuts

7th of January 2013

RBA cash rate dropped by 175 basis points while average standard variable rate fell by 133 basis points. RateCity found borrowers with a $300K mortgage would save extra $80/month if lenders followed cash rate. Wakeup call to borrowers: don’t take your home loan for granted!

Many Aussies spend more than you think on Christmas

16th of December 2012

RateCity's inaugural Christmas Shopping Survey reveals Australians will spend $8.5 BILLION on presents. More than half of Aussies will be using credit cards to pay for gifts worth $4.3 BILLION. 11% plan to make minimum repayments: will still be paying off debt in 2015!

RateCity 2012 Christmas Shopping Survey

16th of December 2012

How many Australians will be relying on their credit cards to survive Christmas shopping? Are we feeling pressured to spend more than we can afford?

RateCity announces Alex Parsons as CEO

20th of November 2012

Australia’s leading financial comparison website (RateCity) today announced the appointment of former Managing Director of ninemsn, Alex Parsons, as Chief Executive Officer.

More borrowers fixing their mortgage

17th of November 2012

Number of borrowers fixing their mortgage increased by 53% in September: ABS. This year saw biggest proportion of fixed home loans in 4 years. Fixed rates still falling: still a great time to fix if you’re concerned about rising rates.

Reserve Bank keeps the cash rate at 3.25% - November 2012

7th of November 2012

Reserve Bank keeps the cash rate on hold at 3.25% today. Despite no move, variable borrowers with a $300K mortgage will save almost $700 by end of the year. But most borrowers could save more by comparing deals and switching!

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