Royal Commission driving bank customers to new lenders

Australians, shocked by the stories coming out of the Banking Royal Commission, are investigating alternative options for their finances, such as mutual banks, building societies and credit unions.

Millennials AREN'T killing mortgage broking

Australia’s millennials have been accused of killing everything from landline phones to department stores, but not the mortgage broking industry, which has more millennial customers than any other demographic.

2017 a good year for scammers, bad year for investors

Australians lost more money to scammers in 2017 than in any other year on record, with investors being hit the hardest of all.

First home buyers moving to Perth

Where are Australia’s first home buyers? Perth, according to the Real Estate Institute of Western Australia, which saw increased sales for lower-priced properties over the March 2018 quarter.

Australian borrowing slows

Australians are making fewer new borrowing commitments, and are more likely to borrow to buy a home or to spend on a credit card, according to the latest lending finance figures from the Australian Bureau of Statistics (ABS).

House building approvals continue to rise

Dwelling approvals around Australia rose in March 2018, with private sector house approvals at their highest level in 15 years, according to the Australian Bureau of Statistics (ABS).

More mums working and studying to stay out of financial stress

This Mother’s Day, there are 114,800 mums who work, study and care for their children under the age of 15 at the same time, according to the Australian Bureau of Statistics (ABS). The number of Australian mums in paid employment is reportedly on the rise, making a big difference to the likelihood of their households ending up in financial stress.

Consumer Data Right to help Aussies switch and save

Switching banks, phone plans or energy companies may become much simpler and easier in the future, with the help of a new federal government Open Banking initiative that gives consumers the right to access to their banking data.

Budget to provide Aussie pensioners with reverse mortgages

Elderly Australians were arguably among the “winners” of the 2018 Federal Budget, with the updated Pension Loans Scheme letting retirees take out a government-issued reverse mortgage on their property and enjoy improved access to retirement income.

What is the Pension Loans Scheme?

The Pension Loans Scheme allows people who are at the age pension age to apply for a loan from the government to supplement their retirement, effectively functioning as a reverse mortgage.