New data shows people are diving into debt to attain the Aussie dream of owning their own home – $1.143 trillion of residential debt, in fact.
While interests rates are rising and borrowers are complaining, that isn’t stopping them taking on a massive debt burden, with outstanding residential …
Just like somebody trapped in a bad relationship which they fear to stay but cannot leave, Australians continue to dislike the big four banks yet flood to them for comfort.
Combined, the big four banks currently hold over three quarters (76.5%) of the value of all outstanding mortgages, …
Calling the Tier 2 banking sector in Australia a ‘lemon’ may be a touch harsh, but the sector’s recent customer acquisition performance is leaving a very bitter taste in the mouths of their chief executive officers and shareholders alike.
Take ING Direct for example. The retail deposit book …
Mutuals are considered the least secure segment for retail deposits in Australia, despite the Federal Government guaranteeing deposits up to $1 million held by an Australian Deposit-taking Institution (ADI).
New research from CoreData reveals only 13.7% of respondents consider deposits held by mutuals (combined credit unions and building …
There are a number of reviews underway in the Australian financial services industry, all of which ultimately aim to strengthen the system and improve the outcomes for consumers.
Strangely, at a time when the Government is looking to minimise conflicts of interest within the advice industry, a number …
Significant mortgage market share changes have occurred during the financial crisis in Australia, with the traditional Big Four banks becoming the Big Two.
In August 2008, Westpac became the biggest mortgage lender in Australia when the Australian Consumer & Competition Commission (ACCC) did not oppose its takeover of …
