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Read our News Articles

• October 2025 Sees Decline in Personal Insolvencies

  In October 2025, Australia witnessed a notable decrease in personal insolvencies, with the Australian Financial Security Authority (AFSA) reporting 1,116 new cases. This marks a decline from 1,169 in September 2025 and an increase from 1,009 in October 2024.

• RBA's October 2025 Review Highlights Australia's Financial Resilience

  The Reserve Bank of Australia (RBA) has released its October 2025 Financial Stability Review, providing a comprehensive assessment of the nation's financial system amid global uncertainties. The report underscores that Australia's financial institutions are well-positioned to navigate potential challenges, with households, businesses, and banks demonstrating resilience.

• RBA Advises Caution in Lending Practices Amid Improved Borrower Finances

  The Reserve Bank of Australia (RBA) has issued a cautionary note to financial institutions, advising them to maintain prudent lending practices despite improvements in borrower financial health.

• Australian Borrowers Turn to Refinancing Amidst Rising Mortgage Arrears

  Recent data indicates a notable increase in mortgage refinancing across Australia, driven by borrowers seeking improved loan terms in response to escalating arrears, particularly among substantial loans. This trend underscores the financial pressures many Australians are currently facing.

• Australia's Private Debt Market Hits $224 Billion Milestone

  Australia's private debt market has experienced significant growth, with assets under management reaching A$224 billion—a 9% increase from the previous year. This milestone reflects a consistent shift in capital deployment within the Australian lending market, signaling a new chapter of innovation and flexibility.

• ASIC's Comprehensive Review Targets Debt Management and Credit Repair Firms

  The Australian Securities and Investments Commission (ASIC) has announced a thorough review of the debt management and credit repair sector, aiming to assess compliance with legal requirements and enhance consumer protection, particularly for individuals facing financial difficulties.

• APRA's New Cap on High Debt-to-Income Home Loans: What Borrowers Need to Know

  The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at mitigating risks in the housing market. Effective February 2026, APRA will impose a cap on high debt-to-income (DTI) home loans, limiting such loans to 20% of new home lending.

• ASIC's Review of Debt Management Firms: Ensuring Consumer Protection

  The Australian Securities and Investments Commission (ASIC) has announced a comprehensive review of the debt management and credit repair sector, citing concerns about consumer protection, particularly for those facing financial difficulties.

• Australia's AAA Credit Rating: A Testament to Economic Resilience

  Australia has successfully retained its AAA credit rating, as affirmed by global ratings agency Fitch. This decision underscores the nation's strong institutions, effective policy framework, sound medium-term growth prospects, and high income per capita, even amid prevailing global economic uncertainties.

• APRA Implements Cap on High Debt-to-Income Home Loans

  The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at mitigating risks in the housing market. Effective February 2026, APRA will impose a cap on high debt-to-income (DTI) home loans, limiting such loans to 20% of new home lending.

• Commonwealth Bank Highlights Concerns Over Surging Home Loan Demand

  The Commonwealth Bank of Australia (CBA), the nation's largest lender, has raised concerns about the current high demand for home loans, which is contributing to escalating property prices.

• Black Friday Sales Lead to Surge in Credit Card Debt Among Australians

  As Black Friday sales gain popularity in Australia, consumer advocates are raising concerns about the financial strain these events place on individuals and families.

• ANZ's Nuno Matos Takes Helm at Australian Banking Association

  In a significant development for Australia's banking sector, Nuno Matos, Chief Executive Officer of ANZ Group, has been appointed as the new chair of the Australian Banking Association (ABA) council.

• APRA Implements Cap on High Debt-to-Income Home Loans

  In a proactive move to address potential risks in the housing market, the Australian Prudential Regulation Authority (APRA) has announced the implementation of a cap on high debt-to-income (DTI) home loans, effective from February 2026.

• Australian Home Prices Expected to Climb by 7% in 2026

  Recent analyses indicate that Australian home prices are set to rise by approximately 6.9% in 2026, marking a significant upward revision from previous forecasts.

• RBA's October 2025 Review: Navigating Global Financial Risks

  The Reserve Bank of Australia (RBA) has released its October 2025 Financial Stability Review, providing a comprehensive assessment of the nation's financial system amidst a backdrop of global uncertainties. The report underscores that while Australia's financial institutions remain robust, external factors pose significant risks that warrant vigilant monitoring.

• Leadership Turmoil at Santos: CFO Sherry Duhe Steps Down

  In a significant development within Australia's energy sector, Santos Limited's Chief Financial Officer (CFO), Sherry Duhe, has resigned after a brief tenure of one year.

• October 2025 Employment Surge: Impacts on Interest Rate Expectations

  Australia's labor market demonstrated remarkable resilience in October 2025, with a net gain of 42,200 jobs, significantly surpassing expectations. This robust growth led to a decline in the unemployment rate from 4.5% to 4.3%, marking a reversal from the previous four-year high.

• CBA's Q1 2025 Profit: A Delicate Balance Between Growth and Margin Pressures

  Commonwealth Bank of Australia (CBA), the nation's largest bank by market value, has reported a modest increase in its first-quarter cash profit for 2025. This uptick is primarily attributed to robust growth in home loans and household deposits. The unaudited cash profit stands at approximately A$2.

• Major Banks Rethink Mortgage Strategies Amid Profit Margin Squeeze

  Australia's leading banks—Commonwealth Bank of Australia (CBA), Westpac, National Australia Bank (NAB), and ANZ—are actively reducing their dependence on mortgage brokers. This strategic shift aims to bolster profit margins that have been under pressure due to lower interest rates, rising operational costs, and intense market competition.

• Renewed Optimism: Australian Consumer Confidence on the Rise

  In November 2025, Australian consumer sentiment has turned optimistic for the first time since early 2022, marking a significant shift in public economic perception. The Westpac-Melbourne Institute survey indicates a 12.8% increase in the consumer sentiment index, reaching 103.8.

• LMG's Asset Finance Exchange Hits $80 Million Milestone in First Year

  Loan Market Group's (LMG) Asset Finance Exchange (AFX) has achieved approximately $80 million in settlements within its inaugural year, underscoring the robust growth of Australia's asset finance market. The platform connects mortgage brokers with asset finance specialists, facilitating streamlined access to asset finance solutions.

• NAB's $4.6 Billion Profit Amidst Australia's Housing Crisis

  National Australia Bank (NAB) has reported a cash profit of A$7.09 billion (US$4.6 billion) for the year ending September 30, 2025, reflecting a stable financial performance.

• ASIC's Review Uncovers Risks in Self-Managed Super Fund Advice

  The Australian Securities and Investments Commission (ASIC) has conducted a review of 100 financial advice cases related to self-managed superannuation funds (SMSFs), uncovering that 27% of these cases could cause serious harm to clients' retirement savings.

• ATO's Intensified Debt Recovery Efforts Prompt Surge in Financial Helpline Calls

  Recent data indicates a notable increase in calls to financial helplines across Australia, coinciding with the Australian Taxation Office's (ATO) intensified debt recovery initiatives. This trend underscores the growing financial strain on individuals and small businesses grappling with tax debts.

• How Financial Brokers Are Easing Debt Stress for Australian Businesses

  Australian businesses are increasingly turning to financial brokers to navigate the complexities of debt management amid rising insolvency rates. In November 2024, business insolvencies surged to 70% above the historical average, highlighting the urgent need for effective debt strategies.

• Australians Embrace Debt Consolidation Loans Amid Rising Financial Pressures

  Amid escalating financial pressures, Australians are increasingly turning to debt consolidation loans as a strategy to manage multiple debts more effectively. Recent research indicates a 170% surge in such loan applications over the past year, with the average loan amount reaching $33,000 and some as high as $68,000.

• Financial Secrecy in Australian Relationships: A Growing Concern

  Recent research has unveiled a concerning trend among Australian couples: a significant portion are engaging in financial activities without their partners' knowledge.

• Australia's Savings Crisis: Millions at Financial Risk

  A recent survey has brought to light a concerning financial reality for many Australians: 43% of the population, equivalent to approximately 9.2 million people, have less than $1,000 in their bank accounts.

• Australians Embrace Financial Planning: 2025 Goals Revealed

  As 2025 approaches, a significant majority of Australians are proactively setting financial goals to enhance their economic well-being. A recent survey conducted by Finder, involving 1,062 respondents, revealed that 75% of Australians—equivalent to approximately 15.6 million people—have established financial objectives for the coming year.

• ANZ Faces Record $160 Million Fine for Regulatory Misconduct

  In a significant development within the Australian banking sector, ANZ Banking Group has agreed to pay a record A$240 million (US$159.5 million) fine for a series of serious regulatory breaches.

• Coalition's Proposal to Ease Home Lending Rules Sparks Debate

  The Coalition has announced plans to relax home lending rules if it secures victory in the upcoming election. This proposal aims to make it easier for first-time homebuyers to secure mortgages by adjusting the Australian Prudential Regulation Authority's (APRA) current serviceability buffer requirements.

• APRA Lifts Capital Add-On for Westpac Following Risk Management Enhancements

  The Australian Prudential Regulation Authority (APRA) has recently removed the remaining A$500 million ($324 million) capital add-on imposed on Westpac Banking Corporation. This decision comes after the bank's successful completion of a comprehensive, multi-year risk transformation program aimed at enhancing its risk management frameworks and practices.

• Surge in Business Loan Applications Amid ATO Debt Rule Changes

  Small and medium-sized enterprises (SMEs) across Australia are experiencing a significant shift in financial strategy due to impending changes in tax debt regulations by the Australian Taxation Office (ATO). Effective from July 1, general interest charges (GIC) and shortfall interest charges (SIC) on tax debts will no longer be tax-deductible.

• RBA Advises Caution on Borrowing as Interest Rates Set to Fall

  The Reserve Bank of Australia (RBA) has issued a cautionary statement to households, advising against excessive borrowing in anticipation of potential interest rate reductions. This warning aims to prevent the emergence of a boom-and-bust cycle that could destabilize the financial system.

• Lendela and Revive Financial Join Forces to Address Australia's Growing Debt Challenges

  In response to the escalating debt crisis in Australia, Lendela, a leading loan matching platform, has announced a strategic partnership with Revive Financial, the nation's largest debt relief and management firm. This collaboration aims to empower Australians facing financial distress by offering tailored debt solutions designed to restore financial stability.

Read our Articles

• Budgeting 101: A Beginner's Guide to Monthly Expense Planning

  Budgeting is the process of creating a plan to manage your money. Essentially, it allows you to allocate your income towards expenses, savings, and other financial goals.

• The Importance of Emergency Funds in Your Monthly Budget

  When it comes to managing your finances, planning for the unexpected is a crucial part of staying on top of your budget. An emergency fund serves as your financial safety net, poised to offer support when unforeseen expenses arise.

• How to Track Monthly Expenses for Better Debt Management

  In the realm of financial wellness, tracking your monthly expenses is a crucial step towards effective debt management. Many Australians grapple with the challenges of keeping their debts under control, particularly in a dynamic economic environment.

• The Ultimate Guide to Managing Personal Debt: Tips and Tricks

  Managing personal debt effectively is crucial for maintaining financial stability. Debt, when left unchecked, can quickly spiral out of control, leading to financial stress and a host of other problems.

• Proven Strategies for Australians to Improve Credit Scores

  Welcome, readers! We're here to talk about something incredibly important yet often overlooked: improving your credit score. Your credit score is a financial report card used to evaluate your creditworthiness, and it can have a significant impact on your ability to secure loans, mortgages, and even rental agreements.

• Common Mistakes to Avoid When Consolidating Debts

  Welcome to our guide on avoiding common mistakes when consolidating debts. We're glad you're here, as taking the time to educate yourself is a crucial step towards financial well-being.

• Financial Planning 101: How to Get Ahead of Your Debt

  Welcome to Financial Planning 101: How to Get Ahead of Your Debt! If you're feeling overwhelmed by your financial situation, you're not alone. Many people struggle with managing debt and finding ways to achieve financial stability.

• How to Avoid Falling Back into Debt: Post-Consolidation Best Practices

  Welcome to our guide on how to avoid falling back into debt after consolidating your debts. Debt consolidation can be a fantastic way to manage multiple financial obligations, combining them into a single, more manageable payment plan. But the journey doesn’t end there.

• Monitoring Your Progress: Tracking Financial Goals Post-Debt Consolidation

  Welcome to our blog, where we're dedicated to helping you make the most of your financial journey. Today, we're going to delve into an important aspect of financial health: tracking your progress after debt consolidation.

• How to Create a Realistic Family Budget: A Step-by-Step Guide

  Creating a family budget might sound daunting, but it’s an essential step toward financial wellness. It’s about understanding where your money comes from and where it goes, allowing you to make informed decisions about your spending and savings.

• How to Craft a Foolproof Financial Strategy for Debt Management

  Managing debt is a crucial aspect of maintaining financial well-being, yet it can often feel like a daunting task. Understanding how debt works and its potential impact on your life is the first step toward gaining control of your finances.

• Smart Budgeting: Building a Financially Stable Future

  Many Australians today find themselves navigating the choppy waters of financial instability. The burden of debt weighs heavily, affecting everything from daily stress levels to long-term planning.

• The Ultimate Guide to Achieving Financial Freedom Through Debt Restructuring

  Financial stability is a common aspiration, yet many Australians find themselves weighed down by the burden of debt. Whether it’s due to loans, credit cards, or unexpected financial emergencies, the struggle to stay afloat is a reality for countless individuals striving to achieve their dreams of a secure, debt-free future.

• The Reality of Debt Consolidation: Does it Affect Your Ability to Borrow in Future?

  Welcome to a comprehensive guide aimed at dismantling the common myths that cloud the concepts of debt consolidation and debt reduction. Amidst widespread financial stress, debt consolidation emerges as a popular strategy for Australians in search of relief from their monetary burdens.

• Busting Myths: The Misunderstanding About Debt Consolidation and Debt Reduction

  Welcome to our comprehensive guide where we aim to debunk common myths surrounding debt consolidation and debt reduction. This blog post serves as a beacon of clarity for those who find themselves navigating through the choppy waters of financial jargon and conflicting information.

• Managing Your Credit Card Debt Wisely in Tough Economic Times

  In light of the current economic challenges facing many Australians, managing credit card debt has become more crucial than ever. With rising living costs and financial uncertainty, accruing debt on high-interest credit cards can quickly escalate from a manageable inconvenience to a stressful financial burden.

• Debt Negotiation 101: How to Lower Interest Rates and Reduce Payments

  High-interest debt can feel like a relentless cycle for many in Australia, often making it challenging to gain financial ground. Whether it's credit card debt, personal loans, or other forms of borrowing, the compounded interest can quickly become overwhelming.

• Consolidating Debt: Choosing the Right Strategy for Your Financial Future

  Debt consolidation is a financial strategy that has gained widespread attention, especially within the diverse economic landscape of Australia. It involves combining multiple debts into a single, more manageable loan, with the aim of simplifying the repayment process and potentially securing a lower interest rate.

• The Beginner's Blueprint to Creating an Effective Family Budget

  In a world marked by economic uncertainties and the ever-mounting cost of living, the importance of a sound family budget cannot be overstated. Today's economic climate necessitates not just prudent but strategic financial planning.