Bank admits overcharging offset account holders

MyState Bank has refunded more than $230,000 in over-charged interest and fees to about 1,040 customers with mortgage offset accounts.

Tenants stung with double-digit rent hikes

Landlords in Melbourne and Hobart have massively increased the advertised rents on their investment properties.

Govt aims to improve super system

The federal government has unveiled superannuation reforms that would make funds more accountable and increase penalties for rogue directors.

Scammers cheating Aussies out of millions

Consumers have been warned about investment scams, with authorities explaining how they tend to originate and how they can be avoided.

Unemployment holds steady at 5.6%

Australia’s unemployment rate has remained unchanged, after an increase in job was cancelled out by an increase in people looking for work.

Tenants laughing in some markets, crying in others

Rental rates have significantly increased in Hobart and Canberra, while going sharply backwards in Perth and Darwin.

Hobart outpaces Sydney and Melbourne

Hobart recorded the fastest house price growth during the 2016-17 financial year, new data from Domain has revealed.

Banks lure borrowers with cash rebates and fee cuts

Ten lenders of all shapes and sizes are enticing new home buyers and refinancers with an array of special offers.

APRA orders banks to increase their financial reserves

Australia’s banking regulator has spelled out to lenders how much more capital they need to hold, as it continues its efforts to strengthen the financial system.

Government cracks down on bankers behaving badly

The federal government has moved one step closer to introducing new accountability rules for senior bankers.