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.....
The deputy governor of the reserve Bank, Ric Battellino, said if banks did not pass on rate cuts to customers, the Reserve would keep cutting rates until they did. "The important thing is not the [official] cash rate but what the level of interest borrowers are paying," he said. Households had responded "prudently" to higher interest rates said Mr Batellino by cutting spending and boosting savings. The Commonwealth Bank said it would pass on at least part of any rate cut. Treasury officials revealed they had knocked back a more ambitious transferable account-number plan.
