Budget day rate cut on the cards for October: big banks

Two of the big four banks predict a budget day rate cut of 15 basis points could be on the cards.

Australians tipped to be saving more of their incomes in the next three years

Australians are hanging on tight to their money, with savings levels tipped to stay high in the next three years.

“Subdued” rental growth on the cards if international borders not open by 2021: RBA

Inner-city housing rents are tipped to show “subdued” growth in the years ahead if the reopening of international borders is delayed beyond 2021.

City dwellers flock to regional property due to COVID-19

Regional property markets are set to benefit from COVID-19, as the pandemic accelerates the trend of city dwellers relocating to regional areas.

Australians tighten their belts, keep cash close as deposits surge

Nearly half of Australians are cutting back on spending they made before COVID-19, new research indicated.

Australian Finance Group amends clawback rules as mortgage holders rush to refinance

One of Australia’s biggest mortgage provider groups has tweaked how broker commissions are refunded when people take their business elsewhere, just as borrowers refinance in large numbers to take advantage of record low interest rates.

Reduce Home Loans pulls down lowest variable mortgage rate to 1.89%

A non-bank lender is beating the lowest variable rate record with a 1.89 per cent rate.

Sharp fixed rate deals spur home loan borrowers to lock in their interest rates

Home loan borrowers are scrambling to lock in their interest rates, as fixed rates continue to tumble.

NSW mortgage refinancers rush back to the big banks during COVID-19

Refinancers in NSW have flocked to the big four banks, as the uncertainty of COVID-19 weighs on mortgage holders’ financial decisions.

NAB launches Australia’s first interest-free credit card

NAB has rolled out Australia’s first no-interest credit card to hit back at buy now pay later services.