News

Survey finds Australian borrowers could not make home loan repayments if they fell seriously ill

April 29, 2017

Survey finds Australian borrowers could not make home loan repayments if they fell seriously ill. NEARLY half of Australian mortgages are worried about what being diagnosed with a serious illness would mean for their repayments, with some claiming to be incapable of servicing their home loans for even one month if they became seriously ill, […]

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Wave of rate hikes about to hit brokers

April 29, 2017

A wave of rate hikes about to hit brokers. Funding costs and regulatory pressure will drive rates upwards and cut discounts, regardless of today’s RBA call 85% of brokers think there will be further out-of-cycle rate increases, regardless of today’s cash rate decision by the RBA. This was the finding of broker listing site Hashching, […]

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Major bank follows suit and hikes rates

April 12, 2017

Westpac has followed National Australia Bank’s lead and hiked home loan interest rates for both owner occupiers and property investors, Fairfax Media has reported. The major bank announced it would increase rates for owner occupiers by 0.03 percentage points to 5.32% for customers making principal and interest repayments. For owner occupiers making just interest payments, their […]

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Interest rate update!

April 4, 2017

The RBA has opted to leave the official cash rate on hold at 1.5%. At its board meeting today the Reserve Bank of Australia decided to leave the official cash rate unchanged. As widely predicted, the RBA has kept rates on hold as it continues to work in unison with the regulators to stem concerns around […]

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Is your credit card rewards program still worth the money?

April 2, 2017

Is your credit card rewards program still worth the money? CREDIT card reward programs are being crunched by rule changes and consumers are being urged to check whether they are still worth the money. ANZ’s recent move to scrap its American Express companion cards and reduce the benefits of its card rewards programs is likely […]

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