First Sydney property price drop in 17 months, new Apple ‘Tap to Pay’ & Aussie parents pay $960m p/yr on kid’s tech: This week’s best banking news

• This year’s property trends
• First Sydney property price drop in 17 months
• Your March 2022 Financial Checklist
• Apple announces new ‘Tap to Pay’
• Personal Loans Snapshot: March 2022
• Aussie parents spend big bucks on kid’s school tech

All in this week’s best banking news recap: editor’s pick.

Looking to buy a home? You’ll need to know the property trends of 2022

If you’re looking to buy a home this year, then it only makes sense that you get in the know with all the big property trends of 2022 – and trust us, there’s a lot of them.

One of the biggest themes of the year for the property market is an increased uncertainty around interest rates which has led to hesitation from buyers who are holding off for a better deal down the track.

Read the full article: Looking to buy a home? You’ll need to know the property trends of 2022 for a full rundown.

Sydney property prices fall for first time since 2020: CoreLogic

Well, well, folks. According to new CoreLogic data, Sydney (A.K.A the biggest and most expensive capital city Down Under) property prices have fallen for the first time in 17 months.

“CoreLogic’s latest Home Value Index recorded a 0.1% monthly drop in Sydney’s median home value to $1,116,219, though the median value in the city is still 22.4% higher over the year,” said Mozo Money Writer, Tom Watson.

Read the full article: Sydney property prices fall for first time since 2020: CoreLogic for the details.

Enter Autumn with the ultimate secret weapon: your March 2022 Financial Checklist

It’s March, and boy, are we in for a busy month ahead. Not to worry, your fave Financial Checklist is here to get you through! ​​​​​​​​

In your March 2022 Financial Checklist:​​​​​​​​

• Get home flood insurance cover this flood season ​​​​​​​​
• #BreakTheBias this International Women’s Day ​​​​​​​​
• Run a financial goal check-in
• Embrace the luck of the Irish this St. Patrick’s Day ​​​​​​​
• Get organised this Pisces season

Read the full article: March 2022 Financial Checklist for loads of tips and tricks to get you through the month ahead.

Contactless payments in review: Apple’s new ‘Tap to Pay’

This just in: Apple has just announced its plans to launch a new “Tap to Pay'' software in the US, allowing merchants to accept “contactless” payment from Apple Pay and other digital wallets via smartphone. 

“Tap to Pay makes the payment process easy by just tapping the selected contactless payment method to an iPhone with the new payment app open. This new software will only be available for iPhone XS (2018) and more recent models,” said Mozo Money Writer Amelia Hetherington.

Read the full article: Contactless payments in review: Apple’s new Tap to Pay for the full scoop.

Personal Loans Snapshot: March 2022

As we start a new season and look back on how personal loan interest rates have performed over the past few months, we saw several rate cuts.

“Looking at the latest ABS Lending Indicators release, there was a 0.8% increase in fixed-term personal loan commitments (seasonally adjusted) in January 2022. Not much change from December’s 0.7% increase in fixed-term personal loans from the month prior,” said Mozo Money Writer Rhianna Dews.

Read the full article: Personal Loans Snapshot: March 2022 for more information.

School of hard knocks: Aussie parents spend big on kid’s school tech

When I think back to my school days, there was nothing better than that ‘new stationary feeling’ at the start of each year. [Although I could’ve gone without the bubbles in my Lizzie McGuire book contact - thanks, mum].

It makes you wonder whether today’s iPad generation kids missed out. Either way, "pre-BYOD" (bring your own device) era parents certainly dodged a bullet. 

According to new Mozo research, parents are dropping a whopping $960 million smackaroonies a year, replacing and repairing their kid’s technology.

Read full article: School of hard knocks: Aussie parents spend big on kid’s school tech for the whole story.

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