Australia’s lowest four-year fixed rate gone as Westpac hikes rates

Australia’s second biggest bank, Westpac, and its subsidiaries, have today hiked their four- and five-year fixed rates. Westpac isn’t alone, with an increasing number of lenders beginning to hike four-year fixed rates across the market, including Commonwealth Bank and Bankwest.

Bank offering lender’s mortgage insurance payment as Monthly Premium

One lender is swimming against the tide and changing the way buyers pay lender's mortgage insurance. From today, Gateway Bank mortgage customers with a deposit of at least 5 per cent will be offered a choice between standard LMI payment or instead pay a Monthly Premium.

Why a new car could save you money and April's top car loans

It’s no secret that used cars are a hot commodity in the car loan market right now, which is good news for sellers but less-than ideal for buyers. Before you hop in the drivers’ seat, it may be worth exploring the pros and cons of the affordability of both used and new cars.

What is the earliest age you can get a credit score?

Whether you’re nearing the end of school, or you’re the parent of a child who is considering applying for financial products, understanding the basics of credit scores is essential. Australian credit reports may begin at 18 years old, but there are key things to keep in mind.

Spend on travel up as consumer confidence bounces back

Consumer confidence is back, and Aussies are using their plastic again for travel, with the latest Citi research showing spending increased 23 per cent month-on-month.

Aussie property prices skyrocket: fastest increase since 1988

Housing prices across the country surged at the fastest increase in 32 years to a new record high. And the current low-rate environment is fuelling the property market fire.

How to switch banks

If you’re considering switching bank accounts, you may be surprised to learn it’s an easier process than you think. In fact, it only takes four steps, and you could be set up with a new bank account in a matter of minutes.

The difference between a good and a bad credit score in personal loans

Your credit score plays one of the most important roles in a personal loan application. But exactly how different could a personal loan interest rate be, based on good or bad credit scores?

What has the biggest impact on your credit score?

You’d be surprised just how many of your everyday financial decisions impact your credit history. But which event makes the biggest impact on your credit score?

Free vs paid: how to choose between low interest or interest-free credit cards

Is it better to choose a low-rate credit card or take advantage of zero per cent interest introductory credit cards? Let’s explore both options and help to discover which type may suit your financial needs.