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- Latest Finance News
- Featured News Articles
- Personal Finance Hints and Tips
- No More No Deposit Home Loans
No deposit home loans for now are going to be a thing of the past, or at the very least it will become increasingly difficult for prospective home to secure funding on a no deposit basis, if not outright impossible.
- Foreign Banks May Withdraw From Aussie Corporate Loan Market
Foreign banks with Australian operations are considering abandoning the domestic loan market altogether. Such a move would mean that Australian borrowers would be pushed into tight corners facing serious funding pressures.
- No Huge Savings in Switching to a Variable Rate Home Loan
One could be forgiven for looking at declining interest rates, and feeling a little buyers remorse if you recently took out an Australian mortgage and opted to pay a fixed interest rate. Switching from a fixed to variable interest rate could save mortgage holders several thousand dollars a year. But if you have recently taken out a home loan and chose to pay a fixed rate, then exiting the agreement is simply cost prohibitive.
- Read more featured finance news articles
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Some Australian credit card lenders have been raising their interest rates despite the Reserve Bank of Australia (RBA) having cut official lending rates by 2 per cent since September.
>> Read the full story
No deposit home loans for now are going to be a thing of the past, or at the very least it will become increasingly difficult for prospective home to secure funding on a no deposit basis, if not outright impossible.
>> Read the full story
Macquarie Group, Australia’s leading investment bank reported half yearly earnings yesterday, and despite first half profits falling 43 per cent to the same level as in 2006. Investors took comfort in the investment bank's conservative accounting approach and the maintenance of its dividend sending the stock soaring 26% in intraday trade on Tuesday.
>> Read the full story
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