Rachel Wastell

2 weeks ago | mozo.com.au | Rachel Wastell

After a short hiatus – thanks to the Easter gift of multiple long weekends – we are back with a bumper edition of Mozo Money Moves. This week, the quarterly inflation data gave borrowers a nice post-Easter present, offering some reassurance that a May rate cut is the most likely outcome of the next RBA monetary policy meeting. On Monday, NAB cut its term deposit rates, taking three of the Big Four banks’ 1 year term deposit rates to the 3% range.

2 weeks ago | mozo.com.au | Rachel Wastell

Key insights:75% of Australian parents helping their children get on the property ladder in 2025 don’t expect to be repaid. This has doubled since Mozo last conducted this survey in 2021. Australian house prices have soared by 51% in five years, and a 20% deposit has increased by $66,160 over the same period.

2 weeks ago | mozo.com.au | Rachel Wastell

For years, the so-called ‘Bank of Mum and Dad’ has been one of Australia's largest financial institutions, helping young homebuyers break into the property market. But Mozo’s latest survey data suggests that this support has evolved beyond traditional lending, with most parents now giving financial assistance without expecting repayment. In 2025, the ‘Bank of Mum and Dad’ is increasingly looking more like the ‘Gift of Mum and Dad’.

3 weeks ago | mozo.com.au | Rachel Wastell

New research from Mozo has revealed that travel money cards marketed as “fee-free” may not always offer the best value. In fact, some cards that charge fees actually deliver a stronger return once exchange rates are taken into account. “A travel card can be a smart way to lock in your exchange rate, manage your travel budget, and is safer than carrying a lot of cash,” says Rachel Wastell, Mozo’s personal finance expert.

1 month ago | mozo.com.au | Rachel Wastell |JP Pelosi

Welcome to Mozo Money Moves, your go-to weekly finance wrap, unpacking the latest shifts in Australia’s financial landscape. This week, rate cut speculation ramped up as NAB broke ranks with a bold prediction: a 50 basis point cut as soon as May. Meanwhile, mortgage buffers are being reconsidered and term deposit rates are getting smashed – potentially signalling a faster than expected easing cycle. NAB also announced big cuts to its fixed home loan rates ahead of May's cash rate meeting.