
Recent Blog Post
Start-up Funding Rebounds as Two-Speed Sector Emerges
New data reveals early indications of a recovery in tech funding, with Australian start-ups raising 30% more capital this year compared to the same period last year. However, the overall number of deals has declined, indicating the emergence of a two-speed tech sector.
Tax Cuts: Increased Borrowing Power but Heightened Mortgage Stress
Homebuyers waiting until July to purchase their homes, when the government's stage 3 tax cuts take effect, could increase their borrowing power by tens of thousands of dollars. However, this comes with a significant risk – greater mortgage stress.
Rising Mortgage Stress Amid Inflation and Interest Rate Pressures
As inflation and high interest rates continue to strain household budgets, mortgage stress is becoming a significant concern for many borrowers. Unfortunately, any potential relief through rate cuts seems unlikely until next year.
How AI is Transforming Customer Engagement: Insights from NAB and BUPA
National Australia Bank (NAB) has seen a significant boost in customer engagement thanks to its new AI-driven tool, which has increased interaction by 40% since its launch last year.
Jess Cuthbertson, NAB’s Customer Analytics and Decisioning Executive, shared this impressive statistic during her keynote at a Pega software convention in Las Vegas. “As soon as we integrated the 'customer brain,' we saw a 40% lift in customer engagement, which is absolutely massive for our customers,” she said.
The Lifeline of Business: Understanding Cash Flow and Its Crucial Role
Cash flow is undeniably the lifeblood of any business. Recent trends in business collapses due to poor cash flow management underscore the critical need for reliable financial solutions. Renown Private Lending’s business funding product offers a lifeline to businesses struggling with cash flow issues, providing timely financial assistance, flexible repayment options, and expert financial advice.
Everything you need to know about changes coming July 1
Starting July 1, Australia’s financial landscape will undergo significant changes, impacting everything from taxes and minimum wages to energy costs and superannuation.
Stay Savvy with Your Work-from-Home Deductions This Tax Season
As the end of the financial year approaches, Australians working from home need to be vigilant about their tax deductions. The ATO is tightening its scrutiny on work-from-home expenses, cautioning taxpayers against "double dipping" when filing their returns.
Tax deduction tips to follow now if you want a richer refund
As tax season approaches, individuals seeking the highest possible refund have just over two weeks to take action. There are numerous personal deductions available that could potentially return thousands of dollars from the Australian Taxation Office.
The Rise of Peer-to-Peer Lending: A Financial Revolution Down Under
In recent years, Peer-to-Peer (P2P) lending has emerged as a disruptive force in the financial landscape of Australia. As traditional banking models face scrutiny and skepticism, more and more Australians are turning to P2P lending platforms to meet their borrowing and investment needs. But what exactly is driving this shift towards P2P lending,
The Evolution of Conveyancing in Australia: A Comprehensive Guide
In the complex landscape of property transactions, conveyancing stands as a pivotal process ensuring the smooth transfer of ownership. From its historical roots to its contemporary significance, conveyancing in Australia has undergone significant transformations. This blog delves into the rich history of conveyancing, the role of conveyancers, the average costs involved
Unlocking Financial Mysteries: A Young Australian's Inquiry Into the Money Question on Everyone's Mind
In the realm of personal finance, there's often a question that lingers in the minds of many: "Does anyone know?" It's a simple yet profound inquiry that resonates with individuals of all ages, particularly the younger generation who are just starting to navigate the complexities of managing money.
Westpac launches ‘innovative’ AI questionnaire in scam fight
In the realm of cybercrime, where millions are siphoned off through scams annually, Westpac emerges as a pioneer with its latest defensive strategy. Rather than merely reacting to the onslaught, the bank has taken proactive measures by introducing an AI-driven questionnaire to thwart scammers' attempts to defraud Australians.
Navigating the World of Construction Finance: Why Australians Turn to Brokerage Firms like Renown Private Lending
In the dynamic landscape of construction finance, securing funding can be a daunting task for individuals and businesses alike. Whether it's for a residential development project, commercial construction venture, or infrastructure endeavour, accessing the necessary capital is often a critical step towards turning blueprints into reality.
5 Effective Strategies to Pay Off Your Home Loan Faster
Paying off your home loan early can save you thousands of dollars in interest and bring the peace of mind that comes with owning your home outright. Here are five practical strategies to help you accelerate your mortgage repayment:
Australia ‘on the cusp of genuine recession’ after figures show alarming drop
Australia is teetering on the brink of a genuine recession, as recent figures reveal a concerning decline. The Reserve Bank's decision to maintain interest rates at a 12-year high of 4.35 per cent has prompted widespread apprehension among Australian mortgage holders.
The Overhaul of Australia's HECS System
Anthony Albanese’s proposal to alleviate $3 billion in HECS-HELP student debt for three million Aussies has sparked a flurry of questions and mixed reactions across the nation.
“Can I reclaim the HECS I’ve already repaid in full?” queried one user on social media, capturing the sentiments of many.
National Australia Bank Cuts Rates
NAB has cut interest rates on its discounted variable home loan. But an expert says borrowers shouldn’t get too excited by the move.
The major Australian bank dropped interest rates on its Tailored Home Loan today by up to 1 per cent. The change means the advertised variable rate is now 6.79 per cent for owner-occupiers and 7.09 per cent for investors.
