Forty per cent of first-time home buyers are suffering mortgage stress. Fujitsu found 581,000 households were in mortgage stress, up 0.7 per cent during Febr.....
CreditMart recently undertook some analysis around interest rates on reward program credit card offers and found that the average interest rate on these cards was 1.....
Not all credit cards are created equally. And so it makes it that much harder to decide which credit card offer to choose. There are many factors you sh.....
Westpac announced a six per cent rise in cash profit to $3.73 billion and a 93 per cent increase in provisioning for bad debt to $931 million. The bank will increase dividends to 72 cents per share by underwriting and maintain capital adequacy ratios of 7.8 per cent of tier one capital, the highest among the major banks. CEO Gail Kelly said the bank was focussed on customers and wants to turn customers into promoters of the bank. Westpac expects housing and business loan growth to slow to 6 -8 per cent from 10 per cent last year. Kelly said Westpac expects interest rates to be cut by a further 1.5 per cent by March 2009.
