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Bank Accounts
What is the lipstick effect?Do you know that lipstick sales are considered a way to know if we’re in a recession? It’s called the lipstick effect, or the lipstick index, and it’s regarded by some as a helpful way to understand how consumers are responding to an economic downturn.
Eden Radford -
25 Mar, 2024 -
4 min read
Bank Accounts
Steady jobs growth keeps unemployment stableThe latest job figures from the Australian Bureau of Statistics (ABS) show the nation��_s unemployment rate held steady over October 2017.
Mark Bristow -
17 Nov, 2017 -
2 min read
Bank Accounts
Aussie wages continue to grow at a snail's paceThe latest Wage Price Index figures from the ABS shows a low increase of 0.6% for the seasonally adjusted index, with high levels of unemployment to blame.
Alex Ritchie -
15 Aug, 2018 -
2 min read
Home Loans
Cash rate to hold steady but will the RBA put borrowers back on notice?Australia’s cash rate is set to remain on hold at 4.35 per cent at the end of the Reserve Bank’s Monetary Policy Meeting tomorrow, however, the Board may put borrowers back on notice that another rate hike could be required.
Eden Radford -
06 May, 2024 -
6 min read
Home Loans
What to expect from the RBA meeting in March 2024According to many economists, the Reserve Bank of Australia (RBA) is unlikely to change the national cash rate at its upcoming meeting on 18 and 19 March 2024. The real question is whether recent economic updates could affect when the RBA is likely to announce its first rate cut.
Mark Bristow -
12 Mar, 2024 -
5 min read
Home Loans
Jobs growth puts the brakes on mortgage rate cuts in 2016Unemployment reached a low 5.8 per cent in November according to the latest ABS figures for November, for the first time since May 2014, fuelled by a hefty rise in new jobs created of 71,400 which is the biggest monthly increase in decades. Some economists and commentators are now suggesting the RBA is more likely to leave the cash rate on hold in 2016, or up, as a result of the surprise jobs figures. Bank of America Merrill Lynch is one such organisation who is predicting the RBA could raise rates if the jobs boost continues, as reported in the Australian Financial Review.
Kate Cowling -
11 Dec, 2015 -
3 min read
Superannuation
Unemployment holds steady at 5.6%Australia��_s unemployment rate has remained unchanged, after an increase in job was cancelled out by an increase in people looking for work.
Nick Bendel -
21 Jul, 2017 -
2 min read
Superannuation
5 things to know if you're thinking about making a second super withdrawalAs the end of the financial year approaches, so too does the second round of early superannuation withdrawals.
Alison Cheung -
23 Jun, 2020 -
5 min read
Superannuation
617,000 of Australians affected by COVID-19 rush to dip into superannuationNine days was all it took for nearly 620,000 people to indicate they intend to pull money out of their nest eggs.
Alison Cheung -
14 Apr, 2020 -
3 min read
Savings Accounts
Employment levels up, yet wage growth not budgingUnemployment levels are lower than they were a year ago, but these rates are slowing and wage growth could go with it.
Alex Ritchie -
08 Dec, 2017 -
5 min read
Savings Accounts
Unemployment falls after surge in full-time jobsNick Bendel -
15 Jun, 2017 -
2 min read
Savings Accounts
Jobs data barely moves between June and JulyAustraliaÔøΩÔøΩ_s unemployment rate has remained at 5.6 per cent, despite a fall in full-time employment.
Nick Bendel -
17 Aug, 2017 -
2 min read
Personal Loans
Personal loan and credit card customers get $1.1m refundHallmark General Insurance Company, trading as Latitude Insurance, will provide refunds of approximately $1.1 million to 905 customers.
Nick Bendel -
22 Dec, 2017 -
2 min read
Credit Cards
CBA faces $10m bill for ripping off customersCommonwealth Bank will refund about $10 million after selling unsuitable consumer credit insurance to tens of thousands of Australians.
Nick Bendel -
15 Aug, 2017 -
2 min read
Credit Cards
Aussies looking on the bright sideThings are looking up for the Aussie economy, with declining unemployment and the recent same-sex marriage survey result boosting consumer confidence to a 16-week high, according to ANZ and Roy Morgan Research.
Mark Bristow -
23 Nov, 2017 -
2 min read
Car Loans
QBE refunds car insurance after ASIC reviewInsurance 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).
Mark Bristow -
03 Aug, 2017 -
2 min read
Term Deposits
When will term deposit rates go up?On top of everything else that’s happened in 2020, interest rates on term deposits and savings accounts have been stagnating or declining to record lows over the year. It’s not yet clear when exactly these rates for savers are expected to start rising again.
Mark Bristow -
27 Sep, 2020 -
4 min read