Starlink premium satellite broadband tier, James Bond travel guide & $415m Valentine’s Day spend: This week’s best banking news

• Property prices to fall by 10% in 2023: NAB
• Renewable energy records smashed in January led by solar & wind
• No Time to Die: The ultimate James Bond travel guide
• Starlink launches premium satellite broadband tier
• Aussie lovebirds set to spend $415 million this Valentine's day
• Save over $600 on credit card interest with these balance transfer offers

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

Property prices to fall by 10% in 2023: NAB

Ah, yes. Finally, some good news for the property market. According to a recent analysis conducted by NAB, we expect to see the Australian property market undergo a correction this year before experiencing a significant drop in 2023.

NAB’s latest Quarterly Property Survey revealed that despite experiencing a slight dip towards the end of 2021, capital city prices are expected to rise by approximately 3 per cent this year. Then in 2023, we should see capital city property values drop by 9.3%.

Read the full article: Property prices to fall by 10% in 2023: NAB for the full wrap-up.

Renewable energy records smashed in January led by solar & wind

In January, we saw numerous Aussie states set records in renewable energy production while clean power infrastructure in Western Australia continued to dominate the market. 

“Across the country, three states saw new production records, with New South Wales leading the way with the largest total output,” said Mozo Money Writer Cooper Langby.

“Western Australia had the greatest performing individual utilities, with the top five wind farms and top two solar installations in the country all within the state.  

Read the full article: Renewable energy records smashed in January led by solar and wind for more information.

No Time to Die: The ultimate James Bond travel guide

The name’s Zo. Mo-zo. … What do our travel insurance hub and every James Bond movie known to man have in common? Epic locations.

And after watching No Time to Die (2021) - A.K.A., the latest instalment in the iconic film franchise, we couldn’t help but feel inspired. 

So, if you’re ready to live life on the edge - then start by diving into our Ultimate James Bond travel guide.

Read the full article: No Time to Die: The ultimate James Bond travel guide for all you need for an epic international escape.

Starlink launches premium satellite broadband tier

This just in: Elon Musk’s SpaceX-owned Starlink satellite broadband 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-500Mbps for users with latency of 20-40ms, which the company says will enable high throughput connectivity for small offices, storefronts and “super users” with a greater bandwidth need,” said Mozo Money Writer Cooper Langby. 

Read the full article: Starlink launches premium satellite broadband tier for the full scoop.

Aussie lovebirds set to spend $415 million this Valentine's day

Whip out your wallets, fellas. It’s that time of year again. Valentine’s Day … 

According to a recent survey conducted by the Australian Retailers Association (ARA) about the gift-giving 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 in the lead up to February 14th - astonishingly, this figure is slightly down compared to previous years.

Read the full article: Aussie lovebirds set to spend $415 million this Valentine's day for all the tea.

Save over $600 on credit card interest with these balance transfer offers

According to the RBA, Aussies are racking up interest on a whopping $17.24 billion worth of credit card debt each month. This means it might be time to look into taking up a balance transfer offer to help rid yourself of debt.

In case you were wondering, a balance transfer is when you move an existing credit card debt onto a new balance transfer card to pay off at a much lower interest rate for a set term.

“Mozo discovered you could save $696 when switching from a card with the average rate and annual fee from those on the Mozo database (17% p.a. and $135 annual fee) on a $4,200 balance paid off over 12 months using a 0% p.a. balance transfer offer,” said Mozo Money Writer Ava Crawford.

Read full article: You could save over $600 on credit card interest with one of these top balance transfer offers for more details.

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