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laine-gordon

Laine Gordon

Money Editor

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974 articles written by Laine Gordon

Credit Cards

Credit card companies slam on the brakes, as customers look for plastic alternatives

The screws are being tightened on Australia’s debt obsession, with the number of credit card accounts and the total value of credit limits both falling in the most recent RBA statistics.

laine-gordon

Laine Gordon -

15 Jan, 2019 -

2 min read

Home Loans

Bank of Queensland kicks off rate hikes for 2019

Bank of Queensland is the first bank to officially hike home loan rates out of cycle in 2019. Today’s announcement affects a range of BOQ variable rate loans including their Economy Variable Home Loan which is increasing by 0.11 per cent for new and existing customers.

laine-gordon

Laine Gordon -

11 Jan, 2019 -

2 min read

Home Loans

APRA calls time out on the interest only cap in a bid to breathe life back into home lending

APRA’s announcement today that it will remove its temporary benchmark on interest-only lending from 1 January 2019 is a bid to steady the home loan market, says comparison site RateCity.com.au.

laine-gordon

Laine Gordon -

19 Dec, 2018 -

3 min read

Bank Accounts

Australia's biggest bank finally offers Apple Pay

Today’s announcement that the Commonwealth Bank is joining the Apple Pay platform is a win for customers who had grown weary of the banks’ limited payment technologies.

laine-gordon

Laine Gordon -

14 Dec, 2018 -

2 min read

Home Loans

Low-deposit loans hit record low

Data released by APRA today has confirmed banks are demanding bigger deposits from new buyers as part of their serviceability crack-down.

laine-gordon

Laine Gordon -

12 Dec, 2018 -

2 min read

Home Loans

Bank rates around the world start to rise as the RBA holds firmly in neutral

The RBA has today held the cash rate at 1.50 per cent for the last meeting of 2018, with potential for the pattern to be repeated in 2019.

laine-gordon

Laine Gordon -

04 Dec, 2018 -

2 min read

Home Loans

Big Bank bust up, NAB goes it alone on behalf of its customers

NAB has bucked the rate-hike trend, announcing it will leave its standard variable rate on hold at 5.24 per cent today.

laine-gordon

Laine Gordon -

10 Sep, 2018 -

1 min read

Home Loans

Banks use hot rates to lure new business, loyal borrowers pay the price

Banks are flooding the market with home loan products that offer special rates to drum up new business, while loyal customers pay the price.

laine-gordon

Laine Gordon -

15 Aug, 2018 -

3 min read

Home Loans

First home buyers at a six-year high

First home buyers have claimed their biggest slice of the housing finance pie in almost six years, despite an overall slide in today’s ABS housing finance figures.

laine-gordon

Laine Gordon -

08 Aug, 2018 -

2 min read

Home Loans

RBA leaves the cash rate on hold as more banks slash fixed rates

The Reserve Bank has kept the cash rate on hold at 1.5 per cent today, marking two years since official rates last moved.

laine-gordon

Laine Gordon -

07 Aug, 2018 -

2 min read