Car Loans Australia is pleased to present the latest financial news headlines.
To read an entire news item, simply click on the headline.
|Fierce competition in the mortgage industry: customers switching banks at a record rate|
23 Mar 2023: .financialservicesonline.com.au
Recent analysis provided to a Senate inquiry by the Australian Banking Association (ABA) has shown that a staggering 70% of home loan customers whose fixed mortgage rates expired in the past six months have refinanced with a different bank. The trend is leading to increasingly intense competition in the $2 trillion home loan market and poses significant risks for lenders as home loan books face unprecedented levels of turnover. - read more
|Banking Experts Predict Interest Rate Hike Pause|
21 Mar 2023: .financialservicesonline.com.au
Financial experts are predicting a pause on interest rate hikes in Australia, which could happen in April or May. While there may not be any rate cuts yet, Bendigo and Adelaide Bank's chief economist, David Robertson, believes a range of factors suggest a pause in interest rates is on the horizon. - read more
|Why Central Banks May Not Be Able to Salvage the Global Banking Industry|
20 Mar 2023: .financialservicesonline.com.au
The global banking industry has been hit by a double whammy: the US banking crisis and the European banking crisis. A recent development in the US market saw First Republic Bank plan to sell part of its equity as a means of raising funds. - read more
|What the Latest Latitude Financial Cyberattack Means for Customer Security|
17 Mar 2023: .financialservicesonline.com.au
The recent cyberattack on Latitude Financial has affected more than 300,000 customers and resulted in the exposure of sensitive personal information. This goes to show that even larger Australian companies are not immune to cybercriminals trying to steal valuable data. - read more
|The Perfect Storm: First Home Buyers in Australia Struggle to Enter the Property Market|
14 Mar 2023: .financialservicesonline.com.au
First home buyers in Australia face an uphill battle to get into the property market. The rental market is tighter than ever before, with double-digit rent increases making it difficult for prospective buyers to save for a deposit. - read more
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|Car Financing: Top 10 Car Loan Questions|
There are a lot of factors to consider when taking out a loan for a car. In this article, we'll answer some common questions about taking out a loan for a car, so you can make the best decision for your situation. - read more
|Car Sales: 3 Important Steps Before Buying Your Next Vehicle|
If you’re thinking about buying a car, there are a few things you should do before you head to the dealership. The most important thing is to establish a budget and figure out what you can afford. Once you have a firm understanding of your financial situation, you can start looking for a car that fits your needs, lifestyle and budget. - read more
|7 Quick Car Insurance Tips for Teen Drivers|
For young drivers, getting a drivers license is like a ticket to freedom. Driving provides a number of other obvious benefits as well, and it is largely considered a rite of passage into adulthood by the vast majority of teenagers. However, there are many things to think about when you’re preparing to take the wheel, including a car insurance policy. - read more
Leasing is an often misunderstood car financing option so, in response to subscriber feedback, we've included this article to help give you a better understanding of what it is and how it works. - read more
|5 Simple Steps to Buy Your Dream Car Now|
For many people, owning a car is a symbol of success and freedom. It’s not simply a matter of transport, it's a way to show the world that you’ve made it. But for others, the prospect of owning a car is a distant dream. If you’re in the latter group, then this guide is for you. - read more