The New Credit Reporting Rules

More carrot, less stick: Comprehensive Credit Reporting Many people only pay their bills on time to avoid being slugged with late fees and a bad credit rating. But a big change this month means that you can now be rewarded for timely repayments. From mid-September, ANZ, NAB, Westpac and CBA all agreed to commence Comprehensive […]

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Are There Any No Deposit Home Loans These Days?

Should you make application for a home loan, especially if the loan you want happens to be for more than 80% of the property’s value, with most lenders you’re going to have to show them that you already have a satisfactory amount of savings. This reassures the lender that you have the capability to fulfill […]

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Why there’s no need to pay off your mortgage barefoot and alone

You've probably heard of The Barefoot Investor before. Pre-sales for his upcoming book have already surpassed the final instalment of the Harry Potter series. But here's why you don't have to tread down the tricky path of wealth building barefoot and all by yourself.

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The Domino Effect

When one bank hikes its interest rates, the rest usually follow one after the other like dominos. Here's how to avoid getting caught up in the chain reaction.

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