Three major banks cut savings rates

Entering 2020, although the market is expecting the RBA to further cut interest rates, the latter has not yet taken action. Nevertheless, three of Australia’s four largest banks have quietly lowered savings account rates. According to data provided by the Australian interest rate comparison website Mozo, since 2020, the National Australia Bank (NAB) has reduced…

Terms you need to know before buying a house in Australia

Foreword off-the-plan / established-the-plan Off-plan / Existing Existing property, established property is generally easier to understand. Off-the-plan is the collective name of Australian real estate to its side and off-plan, that is, real estate projects with even drawings and plans, but not yet completed. Auction / Private Sales Auction / Private Sale Auction and Private…