As the cost of living continues to rise across Australia, many individuals are turning to social media platforms for financial advice. This trend has sparked concerns among financial experts about the reliability and accuracy of the information being disseminated online. - read more

In a move to support Australians in making informed financial decisions, The Australian newspaper has launched a new digital-first section titled 'Wealth.' This initiative aims to provide comprehensive coverage on personal finance topics, including investment strategies, superannuation, retirement planning, and property investment. - read more

Recent interest rate cuts by the Reserve Bank of Australia have led to a significant increase in home loan refinancing among Australian homeowners. Data indicates that over 1,000 mortgages are being refinanced daily, as borrowers seek to take advantage of lower rates and reduce their loan repayments. - read more

In response to the Reserve Bank of Australia's (RBA) recent cash rate reductions, Australia's major banks-Commonwealth Bank (CBA), Westpac, National Australia Bank (NAB), and ANZ-have announced corresponding cuts to their home loan interest rates. This move aims to provide financial relief to borrowers and stimulate economic activity. - read more

The Commonwealth Bank of Australia (CBA), the nation's largest lender, has recently voiced concerns regarding the escalating demand for home loans, suggesting that this surge may be contributing to unsustainable property price increases. CEO Matt Comyn highlighted that while the bank benefits from the current housing credit boom, a more moderate growth rate would better support long-term financial stability and housing affordability. - read more