The Commonwealth Bank is attempting to win back customers by scrapping fees across a range of mortgage and savings accounts after being stung by criticism of its interest rate rise last November. The move, which includes the temporary removal of mortgage establishment fees, is part of efforts by the banking sector to smooth over relations [...]

Most people, whether they are owner occupiers or investors, have to borrow money when purchasing property. When you are in this situation, one of the most commonly asked questions you will ask yourself is: “Should I take out a principal and interest or interest only loan?”

The New Year is a chance at a fresh start for everyone and a time where most Australians declare the one thing they’d like to resolve over the course of the coming 12 months. Resolutions vary from anything like taking an overseas trip to buying a new car but how does buying a property rate [...]

Disgruntled bank customers will be able to switch home loans with impunity from the middle of next year under an overhaul of the banking sector designed to break the dominance of the big banks. Treasurer Wayne Swan will announce today plans to ban mortgage exit fees – blamed for dampening competition by making it prohibitively [...]