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News
January 25, 2012, 2:57 pm
New research has confirmed that 70% of us are more confident about our financial future than we were previously. According to the latest ING DIRECT Financial Wellbeing Index, 65 per cent of families feel that they have become better off financially during 2011. Consumers have spent the year consolidation debts, repaying loans including car loans, ...
Rate cut almost certain – but will loans become cheaper?
January 24, 2012, 11:14 am
A lower than expected inflation figure is fueling speculation that the RBA will again cut rates when it meets on February 7. The Producer Price Index, considered to be a strong indicator of the CPI, came in just below analysts’ expectations at 0.3% for the quarter. With CPI figures expected to be announced tomorrow, ...
Japanese banks will take Aussie loans
January 23, 2012, 4:30 pm
In a report in the Daily Telegraph today, it is alleged that Japanese banks would like to enter the Australian market and if they do could snatch $100 billion of the Australian home loans by undercutting local lenders. Local lenders have already alerted borrowers that they do not intend to pass on all the ...
Aussies learn to save more and spend less
January 20, 2012, 1:08 pm
Australians have finally learned how to consolidate debts, reduce spending and start saving. Some years ago we were amongst the nations with the lowest levels of savings and now we are amongst the best savers. An OECD ranking of household savings rates places Australia at number 5 from the 23 countries surveyed, with 10.4 per ...
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