House key in door
Your Money

The rise of digital home loans: Transforming Australia’s mortgage landscape

- February 8, 2024 2 MIN READ

In today’s ever-evolving financial landscape, the journey to homeownership is undergoing a significant transformation, particularly among Australians aged 25-49. A recent study conducted by YouGov has shed light on a remarkable trend: the surging popularity of digital home loans. Traditionally, Australians have relied heavily on mortgage brokers or direct bank applications for their home loans.… Read more »

Improve your borrowing power
Your Money

4 strategies to improve your borrowing power

- October 27, 2023 2 MIN READ

Borrowing power has plunged over $260,000 for some Australian families, trapping many mortgagees that can’t qualify for better rates, and hampering house hunter hopefuls. Lenders have been far more cautious in an effort to offset the risk of recession and higher rates that could impact long-term serviceability. Fixed rate borrowers who have just had their… Read more »

Increase your borrowing capacity with these tips
Your Money

How to boost your borrowing capacity as interest rates rise

- March 24, 2023 4 MIN READ

Yes, rising interest rates stealthily reduce your borrowing capacity. Fortunately there are a few simple things you can do to increase it. I’ve talked about this a few times over the last couple of months. Not only do rising interest rates increase loan repayments, they also reduce your borrowing capacity because the so-called “serviceability test”… Read more »

Banking crisis in the US

Nothing like a US banking crisis to get the pulse racing

- March 17, 2023 3 MIN READ

Well, that was a wild week. Nothing like a US banking crisis to get the pulse racing. Financial markets hate uncertainty and they particularly hate panic around banks. The panic caused by the collapse of Lehmann Bros back in 2008, which sparked the Global Financial Crisis (GFC), is still fresh in many people’s minds and… Read more »

No interest credit cards take on BNPL
Your Money

No-interest credit cards take on BNPL 

- October 22, 2021 2 MIN READ

Aussie banks are wising up to new spending habits by offering no-interest credit cards. But do they stack up against BNPL offerings? The extortionate interest rates still being charged on most credit cards is outrageous. Australians are onto this rort and credit card usage and outstanding balances are plummeting. Another factor has been younger consumers… Read more »

How to boost your cashflow
Your Money

How to boost your cashflow and beat the banks

- October 20, 2021 3 MIN READ

It seems simple, but figuring out the best place to keep your money to boost your cashflow can be confusing. Financial planner Ben Nash shares some common sense advice. It’s common these days for people to have a bunch of bank accounts, loans, credit cards, and savings accounts. But keeping your money in the wrong… Read more »

Consumer data rights are set to transform our lives
Your Life

Consumer data rights are set to transform our lives

- September 8, 2021 3 MIN READ

There’s a revolution under way in commerce. Within five years, consumer data rights will have transformed competition and simplified the way we live. Yet most of us know little about it, or think it’s restricted to banking. It’s the brainchild of former Productivity Commission chief Peter Harris and Scott Morrison when he was treasurer. The Productivity… Read more »