NAB cuts fixed rates for the first time in 2024

Australia’s third largest home loan lender, National Australia Bank, has today slashed its 3-year fixed rate by 0.60 percentage points – the first fixed rate change from a big four bank this year.

Glimmer of hope: credit card debt drops for first time in six months + credit card interest rates hit a new record high

Australia’s total credit card debt attracting interest charges has dropped for the first time in six months, as households finally start to reign in their burgeoning credit card debts.

Average new loan size hits record high despite rate hikes

The size of the average new owner-occupier mortgage in Australia has hit a record high, as borrowers sign up to bigger debts than ever before.

Money in the bank hits $1.48 trillion + where will ANZ sit in the pack following the ANZ-Suncorp merger?

Australians tucked an additional $6.53 billion away in the bank in May as deposits from households continued to hit record highs.

NAB says the next cash rate move will be down, not up, but not until 2025

The National Australia Bank has updated its cash rate forecast, pushing the first projected cash rate cut out by six months to May 2025.

The pros and cons of going with a broker

Brokers can be a fantastic resource. Brokers can provide tailored advice on your home loan options, based on your personal circumstances and your priorities which can vary from customer to customer.

Will taking a loan repayment pause during COVID-19 affect my credit score?

The Australian Banking Association (ABA) has today announced that customers’ credit scores won’t be affected if they need to defer their loan repayments for up to six months due to COVID-19, provided they were up to date with their repayments beforehand.

Savings Slump: Westpac cuts up to 0.10% off savings account interest rates

Westpac group has today cut savings rates by up to 0.10 per cent even though the RBA left rates on hold last month. Australia’s second largest bank now has a max savings rate of 1.91 per cent, for just five months.

Is it time to fix your home loan?

It’s the age-old question people love to ask: is now the best time to fix? With cash rate at a historic low of 1 per cent, the question of whether to fix or not has become more prevalent than ever.

Banks rake in $4.19 billion in fees from households

Banks charged customers an eye-watering $4.19 billion dollars in bank fees last year, according to the latest figures released from the Reserve Bank of Australia today.