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News items on this page are prepared by our editorial team as summaries of publicly available news reports and official announcements. See linked news sources where available. The following news items are for informational purposes only and are not independent journalism.

Finance News

Government Implements 20% Reduction in Student Loans to Alleviate Living Costs
Government Implements 20% Reduction in Student Loans to Alleviate Living Costs
17 Nov 2025: Paige Estritori
In a significant move to address the rising cost of living and intergenerational inequality, the Australian government has enacted legislation reducing student loans by 20%. This policy change, effective from June 1, 2025, results in over A$16 billion in debt relief for approximately 3 million Australians. For graduates with an average loan balance of A$27,600, this equates to a reduction of A$5,520. - read more
Westpac's RAMS Financial Group Penalized A$20 Million for Home Loan Misconduct
Westpac's RAMS Financial Group Penalized A$20 Million for Home Loan Misconduct
17 Nov 2025: Paige Estritori
In a landmark ruling, Australia's Federal Court has imposed a A$20 million fine on RAMS Financial Group, a subsidiary of Westpac, for serious misconduct in its home loan practices. Between June 2019 and April 2023, RAMS engaged in activities such as using falsified payslips to approve loans, dealing with unlicensed mortgage referrers, and failing to maintain proper oversight. - read more
ANZ Group Reports Positive Growth in Deposits and Loans for Q3 2025
ANZ Group Reports Positive Growth in Deposits and Loans for Q3 2025
17 Nov 2025: Paige Estritori
In its third-quarter update for 2025, ANZ Group, Australia's fourth-largest bank by market value, reported a significant rise in customer deposits and net loans and advances. Customer deposits increased by A$19 billion, while net loans and advances saw a 2% uptick. This growth is attributed to the expansion of the bank's home lending business within the domestic retail division. - read more

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Finance Articles

Essential Tips for Choosing the Right Personal Loan in Australia
Essential Tips for Choosing the Right Personal Loan in Australia
Personal loans are a type of financing option that individuals can use to fund various personal expenses. Unlike mortgages or car loans, they aren't earmarked for a specific purpose, giving borrowers more flexibility in how they use the funds. These loans are usually unsecured, which means you don’t have to provide collateral to borrow money. - read more
The Ultimate Cheat Sheet for Aussie Borrowers: Top Loan Comparison Strategies
The Ultimate Cheat Sheet for Aussie Borrowers: Top Loan Comparison Strategies
In the dynamic world of Australian finance, securing a loan can be a pivotal move for individuals seeking to achieve their financial goals. Whether it's for purchasing a dream home, expanding a business, or simply consolidating debt, the importance of smart loan comparison cannot be overstated. With an array of lending products available, borrowers are often faced with a bewildering choice. That's why equipping yourself with powerful loan comparison strategies is not just important, it's essential. - read more
An Insider's Guide to Enhancing Your Credit Profile for Any Loan
An Insider's Guide to Enhancing Your Credit Profile for Any Loan
Having a robust credit profile is one of the most critical factors for financial health, especially when seeking loans in Australia. Whether you're eyeing a new car, dreaming of a home or simply want to secure a personal loan for unexpected expenses, your credit score often dictates the outcome. Not only does it influence a lender's decision to offer you finance, but it also affects the interest rates you might be charged. - read more


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Knowledgebase
Adjustable-Rate Mortgage (ARM):
A type of mortgage in which the interest rate applied on the outstanding balance varies throughout the life of the loan.