Finance News from Internet Loans Australia

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Latest Financial Insights

Mortgage Crisis: 40% of Australian Homeowners Under Pressure

09 Sep 2024 | A recent study has uncovered that an alarming number of Australian households are grappling with mortgage burdens, as over 1.4 million families find themselves in financial distress. This amounts to more than 40% of current home loan holders, according to new data from Finder, a consumer finance comparison service.

Contactless Revolution: The Decline of Cash Among Tradies

07 Sep 2024 | Australia is embracing a cashless economy, a trend that is significantly reshaping how tradespeople, or 'tradies,' handle transactions in their day-to-day operations.

RBA Remains Cautious Despite Economic Slowdown

06 Sep 2024 | Borrowers expecting a reduction in interest rates due to sluggish economic growth might have to wait longer, as the Reserve Bank of Australia (RBA) prioritizes inflation management.

NSW Cracks Down on Abuse of First-Home Buyer Benefits

02 Sep 2024 | More than $9 million has been reclaimed in a concerted effort by Revenue NSW to ensure the first-home buyers program remains fair and effective. This initiative comes in response to a small group of applicants attempting to exploit the system meant to aid genuine first-time homebuyers.

Retail Sector Braces for Tough Holiday Season

01 Sep 2024 | As Australians continue to face a challenging cost of living crisis, economic analysts have prepared retailers for a rocky road ahead as the Christmas season approaches.

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