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Media Releases

RateCity's Reserve Bank Rate Alert - August 2012

3rd of August 2012

No cash rate move expected from the Reserve Bank on Tuesday: lenders likely to push harder to attract customers. Most lenders dropped their variable home loan rates following last rate reduction but kept some of the cut.

Too many Australians penalised with Lifetime Health Cover loading!

1st of August 2012

PHIAC report: over 1 million Australians charged for not taking out hospital cover before 31 y/o. Almost 96,000 more Australians paying LHC penalty in 12 months to March 2012. RateCity urges young Australians to consider hospital cover before they turn 31!

Home ownership a distant reality for many Australians

28th of July 2012

It takes the average first home buyer over 5 years to save a 10% deposit. A recommended 20% deposit plus $10,000 for fees will take a first home buyer 13 years to save. First home buyers can speed up their savings with a first home saver account!

Card holders work harder to pay off their debts!

14th of July 2012

• Credit card repayments in May was one of the highest on record at $22.58 billion. Credit cards still most common payment method despite drop in growth. Most card providers kept rate cuts: compare and switch!

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