Keep building houses to solve housing affordability

A new report from the Housing Industry Association (HIA) has crunched the numbers around the nation’s ongoing housing affordability crisis, and determined that Australia must continue to build homes at the current rate in order to maintain a housing supply that meets demand forecasts.

ACCC slams banks for synchronised swimming' on mortgage rates

In a pulling-no-punches speech at the Australian Financial Review (AFR) Banking and Wealth Summit, Australian Competition and Consumer Commission (ACCC) chairman Rod Sims called out the nation’s big banks for allegedly using home loan interest rate discounts to maintain market stability rather than to provide their customers with healthy competition.

Westpac's least-cost plan for contactless card payments

Westpac has confirmed it plans to offer least-cost routing for contactless debit card payments, which could allow retailers to lower operating costs and pass the savings on to Australian shoppers.

ING reduces mortgage rates

Starting from today, ING has dropped the interest rates on several of its home loan offers for both owner occupiers and investors.

More Aussies researching new cars and car loan rates online

What’s the best way to do your research before making a new car purchase? According to new research from Roy Morgan, about two thirds of you are likely to have said “the internet” regardless of your generation.

ATO targeting property investors with holiday homes

If you were planning to enjoy the Easter long weekend at your holiday house, which you keep as an investment property for the rest of the year, the taxman may be keeping an eye on you.

Love or money? Cultural shifts around wealth and romance

Australian attitudes to money and relationships are changing, in part due to cultural shifts, though some romantic and financial traditions are dying hard, according to a survey from Greater Bank.

New Code of Practice to help improve Australian bank culture

To help restore public trust in Australia’s banking sector following the recent scandals and the Royal Commission, the Australian Banking Association (ABA) is making subscription to a revised Code of Practice a requirement for membership in the organisation.

Rise of the property millionaire

If you sold a house in Australia last year, there’s an almost one in six chance that the sale made you a millionaire, according to new research from CoreLogic.

Fewer Australians paying extra into super

The number of Australians paying more than the minimum required amount into their superannuation fund has been on the decline in recent years, leaving more Aussies at risk of an unstable retirement, according to Roy Morgan.