Banking news of the week
- Home prices will drop 10% in 2023: NAB
- Renewable energy records broken in January thanks to solar and wind power
- No Time to Die: The Ultimate James Bond Travel Guide
- Starlink launches high-end satellite broadband level
- Aussie lovebirds set to spend $415m on Valentine’s Day
- Save over $600 on credit card interest with these balance transfer offers
All in this week’s best recap of banking news: Editor’s Choice.
Home prices will drop 10% in 2023: NAB
Oh yes. Finally, good news for the real estate market. According to recent analysis conducted by NAB, we expect to see the Australian property market undergo a correction this year before experiencing a significant decline in 2023.
NAB’s latest quarterly property survey found that despite a slight dip towards the end of 2021, prices in the capital are expected to rise by around 3% this year. Then in 2023, we should see land values in the capital fall by 9.3%.
Read the full article: Property prices will drop 10% in 2023: NAB for the full review.
Renewable energy records broken in January thanks to solar and wind power
In January, we saw many Australian states set records for renewable energy generation, while clean energy infrastructure in Western Australia continued to dominate the market.
“Across the country, three states set new production records, with New South Wales leading the way with the largest total production,” said Mozo Money writer Cooper Langby.
“Western Australia had the best performing individual utilities, with the top five wind farms and top two solar installations in the country all located in the state.
Read the full article: Renewable energy records broken in January led by solar and wind for more information.
No Time to Die: The Ultimate James Bond Travel Guide
The name is Zo. Mo-zo. … What do our Travel Insurance Center and all the James Bond films known to man have in common? Epic locations.
And after watching No Time to Die (2021) – AKA, the latest installment in the iconic film franchise, we couldn’t help but feel inspired.
So if you’re ready to live life on the edge, start by diving into our Ultimate James Bond travel guide.
Read the full article: No Time to Die: The ultimate James Bond travel guide to everything you need for an epic international getaway.
Starlink launches high-end satellite broadband level
It’s just happened: Elon Musk’s Starlink satellite broadband, owned by SpaceX, has just launched a premium tier of its internet service, offering even faster speeds for high-demand users and businesses.
“The premium Starlink service will see speeds between 150Mbps and 500Mbps for users with 20-40ms latency, which the company says will enable high-speed connectivity for small offices, storefronts, and” super users “with a greater need for bandwidth,” Mozo Money said. Writer Cooper Langby.
Read the full article: Starlink launches premium satellite broadband tier for the full scoop.
Aussie lovebirds set to spend $415m on Valentine’s Day
Get your wallets out, guys. It’s that time of year again. Valentine’s day …
According to a recent survey conducted by the Australian Retailers Association (ARA) of the gifting intentions of 2,717 Australians, the average Aussie plans to spend $111 on gifts for their partner this V-Day.
The survey also predicted a massive $415 million spending boom before Feb. 14 — surprisingly, that figure is down slightly from previous years.
Read the full article: The Aussie lovebirds are set to spend $415 million this Valentine’s Day on all tea.
Save over $600 on credit card interest with these balance transfer offers
According to the RBA, Australians accrue interest on $17.24 billion in credit card debt each month. This means it might be time to consider a balance transfer offer to help get rid of your debts.
In case you were wondering, a balance transfer involves transferring existing credit card debt to a new balance transfer card to pay it off at a much lower interest rate for a set period of time.
“Mozo found you could save $696 by switching from a card at the average rate and annual fee of those in the Mozo database (17% per year and $135 annual fee) on a balance of $4,200 paid off over 12 months using a 0% balance transfer per year offer,” said Mozo Money Writer Ava Crawford.
Read the full article: You could save over $600 on credit card interest with one of these best balance transfer offers for more details.
Looking for a new piece of plastic? Start your search by comparing credit card options today with our free credit card comparison tool below:
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