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Fewer Aussies are behind on mortgage repayments

January 28, 2018

Despite high household indebtedness, the number of Australians behind on their mortgage repayments has fallen, according to a recent report by ratings agency S&P. Delinquent housing loans underlying prime residential mortgage-backed securities (RMBS) fell to 1.00% in November 2017 from 1.04% the previous month, S&P partly attributed the drop to a continuous increase in outstanding […]

RBA to raise rates by 25 bps in August: NAB

January 19, 2018

The major bank believes that the Reserve Bank of Australia will raise the cash rate by 25 basis points in August and November. According to NAB’s December edition of the Forward View report, the RBA will not have much impetus to begin hiking the cash rate until it sees a pick-up in wages growth, which […]

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Personal loan customers refunded millions

January 17, 2018

Hundreds of Latitude Insurance customers will be refunded a total of $1.1 million after the insurance provider mis-sold consumer credit insurance with personal loans. Hallmark General Insurance Company Ltd (which trades as Latitude Insurance) will refund 905 customers after it mis-sold consumer credit insurance (CCI) with Latitude personal loans and denied insurance claims made on […]

consumer credit insurance

ASIC provides tips for financial resolutions

January 15, 2018

The financial services regulator is encouraging Australians to start the new year by setting financial goals, listing five tips to help achieve the feat. According to ASIC’s senior executive leader for financial capability, Laura Higgins, one of the most popular New Year’s resolutions is for people to “take control” of their money. However, Ms Higgins highlighted that […]

financial

12 money tips for Christmas

December 19, 2017

Save yourself this Christmas If the festive season usually leaves you out of pocket and feeling like you spent more time and money battling the crowds than relaxing with friends and loved ones, why not simplify things this year? Here are some quick and easy tips to help you enjoy the holiday season without breaking […]

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