Here's a piece of fine print that every CommBank mortgage customer needs to read. In recent weeks the country's biggest home lender has announced that they will change some loan repayments and redraw balances in a way that reduces weekly and fortnightly repayments - but effectively extends the life-span of their customers who have have a variable rate principal and interest home loan, invest... read more>

If you have a home loan and you live in one of the cities on the east coast of Australia, you’re in a very fortunate position. Sky rocketing real estate prices have meant a boom for many people over 50.  With the Reserve again leaving interest rates on hold this week (there hasn’t been a cash rate rise since August 2016) it may be time to consider reviewing your interest rate. (NB: To com... read more>

Australia’s official cash rate has sat at a record low for over a year now, making it more challenging to grow your wealth by earning interest on your savings.  At times of low rates, it’s worth looking at all the available options for managing your savings to make sure your wealth is kept secure while still yielding a healthy return.    Here are some PROs and CONs of the various options ... read more>

Last week marked a rare victory for bank customers with Australia’s big four banks declaring they will no longer charge fees for ATM withdrawals. About time – you say? We hear you. According to the RBA, Aussies made 250 million ATM withdrawals from banks other than their own last year. It’s estimated that the big four’s decision will result in a saving for customers of around $100 ... read more>

According to data by ING Direct, the number of over 65 year olds still holding a mortgage increased by 28 per cent in the past three years.  Of those who still have a mortgage in their retirement years, 74 per cent are owner-occupiers, while 26 per cent hold an investor loan. The research found that the average debt these older Australians are taking into their retirement i... read more>