Monthly Archives: April 2013

Lack of interest in first home savers accounts

Australian Broker Online recently reported that at a time when the Government has reduced the amount of cash support being given to first home buyers, either by reducing grants or limiting stamp duty concessions, RateCity’s Michelle Hutchison says there’s one program aimed at supporting savings that’s gone mostly unnoticed. The First Home Savers Account Scheme, […]

Have fixed rates hit bottom?

In an article from Australian Broker Online it says that after nearly two years of downward movement on fixed interest rate home loans, a major bank has made the first increase on their fixed interest rate this year – and it’s likely that other lenders will follow suit says one industry commentator. Westpac has lifted […]

Three of the big four “can’t get no satisfaction” when it comes to business clients

The satisfaction level of Westpac business customers increased slightly to 67.9% in January 2013 (up from 67.7% in December 2012), while satisfaction with the other three majors declined, according to a Roy Morgan Business survey. The result increases Westpac’s lead over its nearest big four competitor, CBA (63.5%). Westpac has been the market leader of […]

Government bickering over super causing client anxiety

In a recent article in the Australian Broker magazine it was reported that the ABA says banks are receiving ‘numerous’ inquiries from customers worried about their retirement security because of potential increase in taxation on superannuation. Steven Muchenberg, chief executive of the ABA, says the organisation has been advised by banks that many customers are concerned […]