Mortgage approval rules are set to be relaxed to try to help the economy recover from COVID-19. But is this a good thing? To help counter the effects of COVID-19 on the economy, the Federal Government has announced plans to loosen the responsible lending laws governing the loan approval processes….
Helping your kids get a handle on money can set them up with good habits that last forever. It’s no surprise to learn that the younger you start teaching kids about money – how it works and how to manage it – the better prepared they are for the rest…
Australia has gone into recession for the first time in 28 years. What effect could it have on you? Australia has had a very good run when it comes to continued economic growth. Twenty-eight years without a recession is a record achievement, with the previous one in 1991. So what…
What lies beneath Congratulations to Chris for winning our “Show us your shed” competition. Despite zero building experience, Chris designed and built a shed that might look as cute as a button from the outside (a mandatory since it dominates the backyard), but within it lies not only practical storage,…
Congrats to our November Winner – Richelle wins a $500 Coles Myer voucher! We appreciate your feedback, that’s why each month we give our customers who have recently settled a loan the chance to go in the competition to win a small thank you gift. This month’s winner is Richelle,…
As the country tunes in for the 2020 Melbourne Cup, the cash rate decision for November has been announced and rates have been cut. In response to the economic impact being caused by the COVID-19 crisis, the RBA reduced the cash rate by 0.15% to a new record low of…
Congrats to our October Winner – Shell wins a $500 Bunnings voucher! We appreciate your feedback, that’s why each month we give our customers who have recently settled a loan the chance to go in the competition to win a small thank you gift. This month’s winner is Shell, and…
The Reserve Bank of Australia has today kept the cash rate at 0.25% for the 7th straight meeting in a row. The RBA was widely predicted to reduce the rate further in October or November, although with the Federal Budget due today, the majority favoured a Melbourne Cup rate cut…
Congrats to our September Winner – Karen wins an Apple watch! We appreciate your feedback, that’s why each month we give our customers who have recently settled a loan the chance to go in the competition to win a small thank you gift. This month’s winner is Karen, and she’s…
The Reserve Bank of Australia has today kept the cash rate at 0.25% for the sixth straight meeting in a row. The RBA will be closely monitoring the impact of the COVID-19 shutdown in Victoria and uncertainty surrounding the pace of a national recovery. It has previously stated that it…
