Mark Bristow

ANZ cuts investment mortgage rates

ANZ has dropped the fixed interest rates on selected residential investment home loans, including principal and interest, interest only and interest in advance options.

Royal Commission driving bank customers to new lenders

Australians, shocked by the stories coming out of the Banking Royal Commission, are investigating alternative options for their finances, such as mutual banks, building societies and credit unions.

Australian borrowing slows

Australians are making fewer new borrowing commitments, and are more likely to borrow to buy a home or to spend on a credit card, according to the latest lending finance figures from the Australian Bureau of Statistics (ABS).

More mums working and studying to stay out of financial stress

This Mother’s Day, there are 114,800 mums who work, study and care for their children under the age of 15 at the same time, according to the Australian Bureau of Statistics (ABS). The number of Australian mums in paid employment is reportedly on the rise, making a big difference to the likelihood of their households ending up in financial stress.

Consumer Data Right to help Aussies switch and save

Switching banks, phone plans or energy companies may become much simpler and easier in the future, with the help of a new federal government Open Banking initiative that gives consumers the right to access to their banking data.

Australians swing towards phone and mobile banking

Popping down the street for a chat with your local banker or even to use the ATM appears to be falling out of favour, with Australians increasingly turning to mobile and phone banking to manage their personal finances.

Australians feeling confident ahead of federal budget

Many Australians appear have a good feeling about the upcoming federal budget, with higher consumer confidence and lower inflation expectations being recorded by Roy Morgan.

Average credit card interest rates continue falling

The trend towards low-rate credit cards has made an impact on the Australian marketplace, with the average credit card interest rate on RateCity falling to a new low in April 2018.

Average home loan rates and fees fall in April

Australia’s home loan marketplace may be becoming slightly more affordable, with average mortgage interest rates and fees falling across RateCity over the month of April.

Small inflation increase over 2018's first quarter

Back to school costs and rising wholesale gas prices are among the factors that have impacted Australian household budgets over the first quarter of 2018, though inflation rose relatively little, according to the latest data from the Australian Bureau of Statistics (ABS).