Canstar News - March 18th ASX 200 weekly wrap: ANZ, Westpac, CBA & BHP down The benchmark S&P/ASX 200 dropped 0.45% to 6,175 points, while the broader All Ordinaries index fell 0.35% to close at 6,265 points last week. The major banks closed lower, with three of the big four dominating …
Canstar News - March 8th Fortnite Season 8: Expert warns parents about in-app purchases Fortnite Battle Royale, like many other app-based games, is free to install, but it tempts players with in-app purchases for things like skins (the game's lingo for outfits and for customising weapons). Western Sydney University researcher and digital lifestyle …
Canstar News - March 6th Home loan rates seesaw: AMP hikes & NAB cuts Co-author Ellie McLachlan AMP says it will increase variable rates by 0.15 percentage points for investment and owner-occupier home loans to offset funding costs. The changes will kick in for new borrowers on Friday and for …
Canstar News - February 21st Royal commission aftermath: Westpac faces class action, ANZ vows to improve Maurice Blackburn lawyers filed an open class action against Westpac in the Federal Court today on behalf of aggrieved borrowers who allege the bank gave them unsuitable loans. This comes in the wake of the banking …
Canstar News - February 19th Bendigo Bank targets new borrowers with home loan rate cuts The bank has cut variable rates by 0.20 percentage points across a range of its principal and interest and interest-only products for owner-occupiers. This means for new borrowers, the bank's basic variable rate for owner-occupiers has dropped …
Canstar News - February 14th Royal commission fallout: ASIC to amend responsible lending guidelines The Australian Securities and Investments Commission (ASIC) has released a consultation paper around proposed changes it plans to make to its responsible lending guidelines in the wake of the banking royal commission. While the regulator acknowledged …
Canstar News - February 12th National Australia Bank predicts RBA rate cut amid housing headwinds Total lending to households dropped 4.4% in December, with a large fall in home loans being the main driver behind the weak Australian Bureau of Statistics' figures published today. The data showed owner-occupier home loans declined 6.4% …
Canstar News - February 11th Home loan interest rates could go up if mortgage broker commissions are axed The banking royal commission's final report has recommended banning upfront and ongoing commissions (known as trailing commissions) lenders currently pay mortgage brokers. The report has also proposed that the customer should pay upfront mortgage broker fees …
Canstar News - February 11th Digital human: Mia, the new face of UBank’s home loans Meet Mia, short for My Interactive Agent. She is UBank's life-like chatbot which will be launched later this month to a select number of customers as part of a pilot. The digital bank, owned by National …
Canstar News - February 8th Macquarie to lift a number of home loan interest rates Owner-occupier variable rate loans with principal and interest repayments will increase by 0.06 percentage points, while those with interest-only repayments will rise by 0.16 percentage points. The bank's principal and interest basic home loan variable rate for …
