Financial Updates

Are you ready for comprehensive credit reporting? From 1st July 2018, all of Australia's big banks are required to provide more information about their customers' spending and saving habits. This allows lenders to see a more detailed account of your credit history, both positive and negative. While comprehensive credit reporting (CCR) could help those with good credit to secure better rates and t..... Read more

Australia's household debt-to-income ratio now exceeds 200 percent, making it one of the highest in the developed world. This means that the average Australian family owes more than twice as much in debt as it earns from wages and other sources of income. Total consumer debt is now around $2.47 million in Australia, the equivalent to almost $100,000 in debt for everyone in the population. Financi..... Read more