Home Loans

According 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

People who bought in the last couple of years and borrowed at capacity are set to plunge further into mortgage stress when the eleventh RBA hike hits their bank accounts.

Laine Gordon -

15 May, 2023 -

6 min read

Home Loans

Rapidly rising interest rates could see the average family’s maximum borrowing capacity shrink by $247,700, compared to April last year, once the latest RBA hike takes effect.

Laine Gordon -

09 Jun, 2023 -

3 min read

Superannuation

Employees don’t need to do anything with regards to the increase in super contributions. Your employer has the responsibility of making the necessary adjustments. However, it's sensible to regularly review your super payments.

Peter Terlato -

30 Jun, 2023 -

5 min read

Superannuation

Some of the money lost from dipping into superannuation early as a response to COVID-19 will be offset by higher pension payments, research by a non-partisan think tank suggests.

Tony Ibrahim -

11 Aug, 2020 -

4 min read

Bank Accounts

The 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

Bank Accounts

The minimum wage in Australia is getting an increase as of the new financial year, with our lowest-paid workers soon to be given a $40-a-week pay rise.

Alex Ritchie -

16 Jun, 2022 -

5 min read

Bank Accounts

The Australian Taxation Office has used new analytics and data-matching technology to increase the speed and accuracy of its tax assessment process.

Nick Bendel -

09 Sep, 2018 -

2 min read

Savings Accounts

Wage growth is up - but at an historically low rate - across both the public and private sector, according to the latest information from the Australian Bureau of Statistics (ABS).

Alex Ritchie -

17 Aug, 2017 -

2 min read

Savings Accounts

Unemployment 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

The Australian Taxation Office is encouraging people to file their tax returns online, claiming the process is easier and faster than ever before.

Nick Bendel -

22 Aug, 2017 -

2 min read

Credit Cards

In an era characterised by rising prices and stagnant wages, an increasing number of Australians are turning to credit cards as a financial solution. In fact, as of April 2023, our nation has racked up a credit card debt of $17.76 billion. Debt accruing interest is up $27 million from March, and 2.5 per cent higher than April 2022 - proving that a lot more Australians are relying on credit in today’s cost-of-living crisis. 

Paul Marshall -

23 Jun, 2023 -

10 min read

Credit Cards

Aussies may be more aware of car loans and credit cards, as the CBA reveals our spending habits are changing, with less transport yet more travel.

Mark Bristow -

26 Jan, 2019 -

2 min read

Credit Cards

As the year draws towards a close, and the Christmas period approaches, Australians are feeling confident about the current and future economic conditions.

Mark Bristow -

20 Dec, 2017 -

2 min read

Investment Funds

The coming year is likely to be favourable for investors, but more volatile than 2017, according to AMP Capital chief economist Shane Oliver.

Nick Bendel -

31 Dec, 2017 -

2 min read

bnpl

Beforepay is an app that allows salaried employees to borrow money and repay it from their next four pay cycles. Some may consider it to be a salary advance but it’s ultimately a loan that you’ll need to repay.

Vidhu Bajaj -

05 Jul, 2023 -

8 min read

Superannuation

If you get annual leave loading, your employer should include it when calculating super guarantee contributions, except when it compensates for lost overtime.

Jodie Humphries -

21 Jan, 2021 -

3 min read

Superannuation

If you’re planning to switch jobs or your employment was terminated for any reason, it’s helpful to understand your rights before deciding on next steps. When it comes to whether your employer must pay superannuation on termination payments, the general answer is no.

Jodie Humphries -

04 Mar, 2021 -

4 min read

Superannuation

You may be eligible for an additional payment on top of your wages on the days when you are on annual leave. Find out whether annual leave loading can help you.

Jodie Humphries -

19 Jan, 2023 -

3 min read

Savings Accounts

If you earn interest on your savings, it may be taxable, just like your wages. Your bank may withhold - or deduct - tax when paying out your interest.

Jodie Humphries -

29 Jan, 2021 -

5 min read

Savings Accounts

The money advice Richard Branson swears by

Alex Ritchie -

28 Sep, 2017 -

4 min read

Savings Accounts

If our outgoings increase and our wages remain virtually the same, it doesn't take a mathematician to work out that your savings will be affected. RateCity uncovers the higher costs of living and shows you that it is possible to alleviate the effect on your savings.

Laine Gordon -

12 May, 2010 -

3 min read

Home Loans

If you own an investment property and are thinking of buying another one, you may want to use the rental income you receive from your tenants to help pay for your next mortgage. However, not all mortgage lenders will take all of your rental income into account when assessing your mortgage application.

Mark Bristow -

02 Nov, 2023 -

3 min read

Home Loans

How mortgage brokers get paid? Can this affect which home loans the broker recommends? Let’s explore how mortgage brokers operate and receive commissions.

Alex Ritchie -

24 Apr, 2023 -

4 min read

Home Loans

Managing the household finances can be a juggling act from one day to the next. With the cost of living on the rise and wages not keeping up with inflation, it is becoming increasingly harder to keep your head above water.

RateCity -

08 May, 2016 -

4 min read

Car Insurance

There are a range of car insurance providers throughout Australia that provide car insurance to the general public.

RateCity -

21 Jul, 2010 -

1 min read

Car Loans

Getting a car loan with a casual job can be tricky since you may not have the required income documents. Ask lenders about other acceptable documents.

Jodie Humphries -

15 Jan, 2021 -

4 min read