How can I pay my loan off faster?

Whether you have a home loan, a personal loan or a car loan, it’s likely that you’d prefer your debt to be paid off as soon as possible. The longer you owe money to a bank or lender, the more interest you’ll be charged, until the total cost eventually exceeds any benefits offered by the loan.

What are the pros and cons of having multiple bank accounts?

They say you shouldn’t keep all your eggs in one basket. But does this “tried-and-true” advice still hold up when you replace “eggs” with “money” and “basket” with “bank account”? When can having multiple accounts with one or more banks be beneficial, and when can it be problematic?

Is it safe to get a home loan with a small lender?

While there are certainly benefits to getting your mortgage from a major bank like Australia’s Big Four, it’s the smaller lenders that tend to offer the more competitive interest rates, fees and charges that give the big banks a run for their money.

CBA responds to AUSTRAC allegations

The Commonwealth Bank of Australia (CBA) has slashed the bonuses of its CEO and executive leadership in response to the recent legal action from the Australian Transaction Reports and Analysis Centre (AUSTRAC).

More Aussies worried about retirement

A growing number of Australians are feeling less secure about their financial future, believing that their retirement will see them with too much debt and not enough savings.

Foreign investors pay four times as much NSW stamp duty

The impact of recent changes to stamp duty in New South Wales is being felt, with a recent study by the Housing industry Association (HIA) finding foreign investors to be paying almost four times as much stamp duty in NSW as local buyers.

QBE refunds car insurance after ASIC review

Insurance provider QBE has paid out $15.9 million in refunds to car insurance customers who were receiving little to no benefit from their policies, following a review from the Australian Securities & Investments Commission (ASIC).

Consumer credit insurance confusion spurs ASIC overhaul

The Australian Securities & Investments Commission (ASIC) has commenced work with representatives from the banking industry on reforming Consumer Credit Insurance (CCI) in Australia.

Strength shown in SA sales

The latest market update from the Real Estate Institute of South Australia (REISA) shows strength in the southern state’s property industry, particularly in the Adelaide metro area.

Aussie households less optimistic about their financial future

A significant percentage of Australians have concerns about their financial comfort, given recent economic forecasts of rising household costs, growing risk of mortgage stress, and relatively slow growth in incomes.