New electric MG4 hatchback to make low-emissions motoring more affordable

If you’ve been on the fence about going electric due to the higher cost of many electric vehicles (EVs), MG has launched a new entry-level electric hatchback with the goal of putting electric motoring within reach of more everyday Australians.

What credit score do I need for a home loan in Australia?

Borrowers with fair or higher credit scores may have an easier time getting their mortgage applications approved. But even if you have a poor or below average credit score, if you can fulfil the lender’s other eligibility criteria, there may be steps you can take to confidently apply for a home loan in Australia.

Who is eligible for the Home Guarantee Scheme?

The Australian Federal Government’s Home Guarantee Scheme (HGS) can help Australians purchase their first property. First home buyers, regional home buyers, and single parents may all be eligible for the program, provided they also fulfil the other eligibility criteria.

ACCC halts ANZ and Suncorp merger – what this means for refinancing

The Australian Competition and Consumer Commission (ACCC) has halted a planned merger between ANZ and Suncorp Bank, citing concerns around competition in the home loan market, which is seeing near-record levels of refinancing.

Some of the top-rated home loans in August 2023

Many Australians may be hoping that the Reserve Bank of Australia’s (RBA’s) decision to keep the cash rate on hold in August 2023 signals the end of the recent hiking cycle. However, it’s still possible that the RBA could raise rates again in the future if inflation does not respond in a timely manner. And with some banks already hiking rates out of cycle from the RBA, it’s essential to look at more than just the interest rate before you apply for a home loan.

Three great reasons checking your credit score can help you

Your credit score is an assessment of your financial responsibility. If you have a good credit score, lenders may feel more confident about lending you more money at lower interest rates. But if you have a bad credit score, you may find it harder to successfully apply for credit.

Will paying off a personal loan increase my credit score?

Reaching the end of your loan term and making your final repayment can be a satisfying feat. But will paying off your personal loan give your credit score a boost, or could it have the opposite effect?

What to expect from the RBA in August 2023

Economists from some of Australia’s leading banks have been forecasting for some time now that another cash rate hike is due to arrive at the August 2023 meeting of the Reserve Bank of Australia (RBA). But as the big date approaches, is a hike still on the cards?

Inflation has peaked in Australia. Here’s what’s next

Inflation is affecting every aspect of Australian finances at the moment, from the cost of lettuce to home loan interest rates. So, what’s next for inflation now that it has reached its peak? We checked what some of Australia’s leading financial institutions had to say in their forecasts.

What are the new RBA meeting dates in 2024, and what do they mean for interest rates?

Say goodbye to the monthly meetings of the Reserve Bank of Australia (RBA) board – from 2024, the RBA will host 8 meetings per year, rather than 11. Based on these newly announced dates, Australian savers and mortgage holders can get a better idea of when to expect changes to their interest rates, allowing them to plan and budget accordingly.