For the first time in over a year, Victoria is the country’s best-performing economy according to the latest CommSec State of the States report. Strong economic activity, solid retail spending and business investment catapulted Victoria from fifth place in the previous survey (July 2023) to the number one spot today, with the state also recording…
The annual Consumer Price Index has clocked in at 5.4 per cent for the September quarter, fuelling the possibility of another rate hike as soon as Tuesday 7 November. As a result, two of the big four bank economic teams – CBA and ANZ – have now said they expect the RBA will increase the…
When was the last time you used an ATM? As banks and customers move transactions online, the number of ATMs and bank branches has dropped by more than one in 10 in the last financial year, according to the latest APRA Points of Presence data for June 2023. In fact, the report shows number of…
You’ve probably heard that repaying fortnightly or weekly can help you pay off your mortgage years earlier and save tens of thousands in interest. However research from RateCity.com.au has found that the way lenders calculate these payments could catch them off guard. If you’re thinking about switching to fortnightly payments to save money, remember that…
