5 bad habits that keep people trapped in debt

Would you buy a $1 coin off somebody for $1.20? The idea sounds ludicrous, but people who are in debt traps do something similar all the time.

CBA makes it easier to pay with phones and watches

Commonwealth Bank has unveiled two new on-the-go payment methods for consumers.

These 5 home loan traps could cost you massive dollars

Taking out a mortgage can be an intimidating and confusing process – and the banks don’t exactly go out of their way to make it simpler.

Investors finally get the APRA message

The most recent round of bank rate hikes have pushed would-be investors over the edge, resulting in a sharp drop in investor housing commitments.

Banks welcome in spring with home loan specials

Lenders have embraced the change in weather with a smorgasbord of rate cuts and special deals as the spring property market officially kicks off.

Bank pulls plug on investor lending, for now

Heritage Bank has announced a temporary halt to investor lending to remain within the regulator’s speed limit for lending growth.

Banks shut the door on new interest-only borrowing

More home buyers are being forced to pay down their debt according to the latest APRA figures, which shows a marked drop in interest-only terms for new housing loans.

What is APRA?

APRA, or the Australian Prudential Regulatory Authority as it is officially known, is the prudential regulator of Australia’s financial services industry.

Sales of new motor vehicles hits speed bump

Car sales fell during July, although sales volumes moderately increased over the year, according to new data from the Australian Bureau of Statistics.

What is compulsory third-party insurance?

Compulsory third-party insurance, also known as CTP insurance, is compulsory for anyone who wants to register a vehicle in Australia.