In an article by a staff reporter from The Adviser it was reported The Reserve Bank could cut the official cash rate again as early as next month, one leading economist has claimed. AMP’s chief economist Shane Oliver said the Reserve Bank will have to cut the cash rate to at least 2.5 per cent […]
In an article from Australian Broker Online, it states that a property investment expert is urging the government not to cut negative gearing, after welfare group ACOSS asked for it to be cut. ACOSS told journalists it was advising the government to consider the cuts to tackle rising homelessness. Paul Bieg, director of Big Property […]
In an article from The Adviser it was reported that one week after the Reserve Bank announced a 25 basis point cut to the cash rate the majors have so far fallen short of Australia’s smaller lenders. Three of the four major banks dropped their standard variable rates between 18 and 20 basis points, while […]
Investors who are keen to take a long-term approach to their investment strategies will be the big winners in the end, a new report has claimed. According to a recent house price report by Australian Property Monitors, median property prices in June quarter have dropped year-on year for most capital cities, which is boosting gross […]
The number of people taking out home loans with non-bank lenders is creeping up, a trend the government says shows banking competition is increasing, was stated in an article from Sydney Morning Herald recently. Federal Treasurer Wayne Swan has promoted non-bank lenders as a “fifth pillar” of the financial system since the big four […]
They say there is nothing quite like the feeling of something new, but does that mean anything when buying a new home? Whether it’s new clothes, a new car, or maybe even a new house, there is a certain rush that goes with purchasing something new. Therefore it’s not hard to understand why buying a […]
Approximately half of all working Australians have lost some superannuation. According to federal government statistics, this represents approximately 5.8 million currently unclaimed for super accounts, with a total estimated value of 18.8 billion – that’s a lot of people and a substantial amount they may not realise they have. Moreover, by not reclaiming lost […]
ANZ recorded a $4.5bn unaudited, underlying profit in the nine months leading to June, putting it second in the Big Four behind CBA. CEO Mike Smith said increased activity in Asia contributed to the robust figures. ANZ has been aggressively pushing into the region in the past 6 months. ANZ’s underlying profit was up […]
When it comes to financing your home, the local bank is not your only choice. Purchasing a home is the largest single investment most Australians will make during their life. When in doubt, borrowers often turn to what they know, feeling assured that the major banks are their only or at least their “safest” […]
There was an article in The Australian Broker Online and it stated that RAMS is the latest casualty on ASIC’s hard-line stance on misleading advertising. The Westpac-owned brand was forced to change its high interest Saver account campaign after ASIC raised concerns over misleading information on the advertised 0.8% bonus rate. According to ASIC, the […]
