Banking

The Best Bank Accounts After the RBA’s Rate Cut

Interest rates are officially at their lowest level, ever. Which means things are grim for savers. So today I’m going to make sure you are not getting rogered by your bank. And there’s a lot of it going on: For example, did you know that, according to comparison site Mozo,...

Banking

The Great Australian Finance Experiment

My five-year-old son is obsessed with maths. The other night he worked out that the maths app game we play each night is charging us a recurring fee. He was ropeable: “You need to delete this game off the iPad, or we’ll keep getting billed. Do you understand, Dad?” I...

Investing (property)

When will the housing market crash?

Donald Trump reminds me of the bullies who teased me at school. Anyone who stands up to him gets a put-down: ‘Crooked Hillary’, ‘Little Marco’, ‘Low Energy Ted’. His aim is to get everyone laughing at them, just like in a classroom. And like all bullies, he only wins by...

Banking

Why Your Bank is Lying to You

Malcolm, I feel for you, brother. On Wednesday, after the banks behaved like brats by not passing on all of the Reserve Bank’s rate cut, the Prime Minister held a press conference. He said — essentially word for word — the same things I say to my toddler each night...

Investing (property)

Send in the Clowns

What the hell is going on? Our normally very reserved Reserve Bank chief, Glenn Stevens, this week broke ranks and said that Sydney property prices were “cray-cray and not in a good way”. Okay, so what he actually said was that Sydney property prices were “crazy”, but make no mistake: this is coming from a man whose words ricochet around the world, often wiping billions of dollars from global currency trades. So them’s fighting words.