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Sign of the times: CBA increases serviceability floor as property prices climb

Australia’s largest bank, CBA, is increasing its serviceability floor rate from 5.10 per cent to 5.25 per cent.

Bank fees fall, but Australians still fork out $3.56 billion

Australians forked out $3.56 billion in personal bank fees last financial year, new figures from the RBA show. This equates to around $364 per household in bank fees a year.

Aussies skipping holidays and spending at home in 2021

Australians are skipping holidays this year due to a lack of funds, with RateCity survey respondents redirecting any travel money into the family home instead.