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!
Home ownership a distant reality for many Australians
Borrowing cheaper but now more difficult
Home loan rates continue to drive lower in September with more than 220 rate cuts made in the past week, despite today’s RBA decision to leave interest rates on hold at 1.50 per cent.
Financial inequity extends beyond the workforce: research
Not only do women earn substantially less than men – 17.7 per cent less, on average – but new research reveals that a financial disparity between genders extends beyond the workforce into household finances.
Click to pay is king as consumers embrace bank technologies
Many Australians now pay their bills with a few taps of the finger, as banks beef up their mobile and digital-banking offerings.
Yes, it may be possible to get a $1,500 payday loan with bad credit. Some payday lenders give loans to people with bad credit histories if they believe the borrower has the capacity to repay the loan.
Under Australia’s responsible lending rules, lenders aren’t allowed to approve $1,500 payday loans if they don’t believe the borrower can make the repayments.