Breaking

Term deposit rates falling
21 October 2024

Cash investment may seem like a safe bet for investors. However, recent data has shown that term deposit rates are falling and are now below the inflation rate.

New player enters the SME finance space
21 October 2024

Brokers and borrowers now have more options when sourcing loans, with a new lender specialising in quick funding for SMEs.

Mutuals announce merger intentions – what’s in store for consumers?
18 October 2024

As two mutual banks have announced the signing of a MoU, the broking industry has weighed in on what the outcome could be for regional Aussies.

Unemployment rate unchanged for fourth month in a row
18 October 2024

Unemployment figures have held steady for yet another month, the latest ABS data has revealed.

How women can build a personal ‘advisory board’
18 October 2024

Building a network of mentors and coaches with varied skill sets could help women achieve their career goals, according to an FBAA executive.

CBA hit with $7.5m fine after breaching spam laws
17 October 2024

The major bank is co-operating with an investigation into compliance issues involving messaging to customers and has been slapped with a substantial fine for its actions.

Physical bank branches declining dramatically
17 October 2024

Is the era of the physical bank branch coming to an end? The latest data has analysed how stores are shrinking, potentially making way for a new world of banking.

Big 4 lose market share to non-major lenders
17 October 2024

An aggregator’s recent report has shown that the major lenders have lost market share to their smaller competitors in the first quarter of this financial year.

RBA tackles inflation expectations in its latest analysis
17 October 2024

The landscape of Australian inflation has been persistent trouble for consumers as the cost of living soars and many wages are unable to grow in line with it.

Late repayments from businesses at highest level since 2021
17 October 2024

Emerging data has shown businesses are struggling to pay outstanding invoices.

Construction cost re-acceleration puts 1.2m homes goal in jeopardy
16 October 2024

Construction costs for residential dwellings rose over the September quarter, likely adding more pressure on the Albanese government’s ambitious new homes target.

Tax cuts have not caused ‘material rise’ in spending
16 October 2024

New data has shown an easing in spending during September, suggesting that the government’s stage 3 tax cuts have not encouraged consumers to open their wallets.

RBA initiates review into merchant card payments
16 October 2024

Announced today (15 October), the central bank is beginning a review of merchant card payment costs and surcharging in a bid to assist Aussies amid cost-of-living challenges.

Broking firm raises $360k for charity
16 October 2024

A broking firm has raised over $360,000 for Aussie charities throughout the financial year 2024, with the large majority of brokers within the network making contributions.

SMEs are ‘embracing’ long-term loan benefits
15 October 2024

Small businesses have opened up to the idea of managing repayments over a longer period of time, new research has found.