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Debt Consolidation Australia :: News

Finance News from Debt Consolidation Australia

Debt Consolidation Australia is pleased to present the latest financial news headlines.

To read an entire news item, simply click on the headline.

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

ANZ Bank Elevates Fixed Mortgage Rates Beyond 6%
ANZ Bank Elevates Fixed Mortgage Rates Beyond 6%
13 May 2026: Paige Estritori
ANZ Bank has recently increased its fixed mortgage rates by up to 0.40 percentage points, marking the second hike in less than three weeks. This adjustment elevates all of ANZ's fixed rates above the 6% threshold, with the lowest now at 6.34% for a one-year term. - read more
Westpac Elevates Fixed Mortgage Rates Beyond 6%
Westpac Elevates Fixed Mortgage Rates Beyond 6%
13 May 2026: Paige Estritori
Westpac has recently increased its fixed mortgage rates by up to 0.45 percentage points, joining other major banks in raising rates above the 6% mark. The lowest fixed rate now stands at 6.14% for a two-year term. - read more
Federal Budget 2026-27: What Australians Need to Know
Federal Budget 2026-27: What Australians Need to Know
13 May 2026: Paige Estritori
The Australian Federal Budget for 2026-27, announced on 12 May 2026, introduces several significant changes that will impact the financial landscape for many Australians. Key highlights include: - read more
Cigno Australia and BSF Solutions Penalised $7 Million for Unlawful Payday Lending Practices
Cigno Australia and BSF Solutions Penalised $7 Million for Unlawful Payday Lending Practices
05 May 2026: Paige Estritori
In a significant development for consumer protection, the Federal Court has imposed a total of $7 million in fines on Cigno Australia and BSF Solutions, along with their respective directors, for operating an illegal payday lending scheme. This ruling underscores the Australian Securities and Investments Commission's (ASIC) commitment to safeguarding consumers from predatory financial practices. - read more
APRA Implements 20% Cap on High Debt-to-Income Home Loans to Curb Financial Risks
APRA Implements 20% Cap on High Debt-to-Income Home Loans to Curb Financial Risks
05 May 2026: Paige Estritori
The Australian Prudential Regulation Authority (APRA) has announced a new policy aimed at mitigating financial risks associated with high household debt. Effective 1 February 2026, authorised deposit-taking institutions (ADIs) are restricted to issuing no more than 20% of new home loans to borrowers with a debt-to-income (DTI) ratio of six times or more. This cap applies separately to both owner-occupier and investor loans. - read more

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.


Debt Consolidation Articles

The Reality of Debt Consolidation: Does it Affect Your Ability to Borrow in Future?
The Reality of Debt Consolidation: Does it Affect Your Ability to Borrow in Future?
Welcome to a comprehensive guide aimed at dismantling the common myths that cloud the concepts of debt consolidation and debt reduction. Amidst widespread financial stress, debt consolidation emerges as a popular strategy for Australians in search of relief from their monetary burdens. - read more
How to Avoid Falling Back into Debt: Post-Consolidation Best Practices
How to Avoid Falling Back into Debt: Post-Consolidation Best Practices
Welcome to our guide on how to avoid falling back into debt after consolidating your debts. Debt consolidation can be a fantastic way to manage multiple financial obligations, combining them into a single, more manageable payment plan. But the journey doesn’t end there. - read more
The Beginner's Blueprint to Creating an Effective Family Budget
The Beginner's Blueprint to Creating an Effective Family Budget
In a world marked by economic uncertainties and the ever-mounting cost of living, the importance of a sound family budget cannot be overstated. Today's economic climate necessitates not just prudent but strategic financial planning. With the right budget in place, families can navigate the choppy waters of their finances, avoiding the all-too-common pitfalls of overspending and under-saving. - read more
How to Create a Realistic Family Budget: A Step-by-Step Guide
How to Create a Realistic Family Budget: A Step-by-Step Guide
Creating a family budget might sound daunting, but it’s an essential step toward financial wellness. It’s about understanding where your money comes from and where it goes, allowing you to make informed decisions about your spending and savings. A well-planned budget can be the key to reducing financial stress and ensuring a secure future for your family. - read more
The Ultimate Guide to Managing Personal Debt: Tips and Tricks
The Ultimate Guide to Managing Personal Debt: Tips and Tricks
Managing personal debt effectively is crucial for maintaining financial stability. Debt, when left unchecked, can quickly spiral out of control, leading to financial stress and a host of other problems. - read more