Cosmetic Surgery Loans Australia News

Wed, 2 May 2007
Interest rates on hold: reprieve for homeowners
In a boon for the nation's mortgage belt, the Reserve Bank decided at its quarterly meeting on May 1 to leave the official cash rate unchanged at 6.25 per cent. The Reserve Bank's decision followed the publication of a much lower than expected March-quarter consumer price index, which showed inflation rose just 0.1 per cent for the quarter and 2.4 per cent for the year. This was well within the Reserve Bank’s target of 2-3 per cent. In a rare show of consensus, many economic forecasters are now predicting a further easing in inflation and most believe interest rates will stay on hold for the rest of 2007, particularly given the impending federal elections.

Tue, 06 November 2007
Borrowing for beauty
THEY say beauty comes at a price, but now you can pay for it in monthly instalments. The number of people opting for cosmetic surgery loans is on the rise, with companies deposit loans for anything from breast surgery to facelifts. The increase has prompted the Australian Society of Plastic Surgeons and Consumer Action warnings. The associations warn the loans promote debt in the name of vanity, and will encourage unnecessary surgery they can't afford. But loan companies argued they were a cheaper alternative to credit cards, offering interest 15 per cent. They said the average loan ranges between $8500 and $13,000, and the most popular surgeries augmentation and lifts, rhinoplasty, liposuction, Botox injections and dental work.

Source: The Daily Telegraph.

Tue, 06 November 2007
New breasts, noses and teeth: smile now, pay later
You can pay off your house, car or private school fees with credit, so why not braces for the kids, breast implants or a nose job, too?

The growing expenditure on medical treatments not covered by private health insurance or Medicare has opened the way for a new American-style credit scheme that allows patients to have surgery first and pay later.

But consumer and doctors groups have warned Australians they could be digging themselves deeper into debt for the sake of a perfect smile or bigger breasts.

GE Money's CareCredit scheme, which was launched last week, is aimed at the $14 billion Australian market in out-of-pocket expenditure on elective surgery

Source: Sydney Morning Herald

Tue, 06 November 2007
Cosmetic surgery loans on the rise
THEY say beauty comes at a price, but now you can pay for it in monthly installments.

The number of people opting for cosmetic surgery loans is on the rise, with companies spruiking "fast, easy" no-deposit loans for anything from boob jobs to facelifts.

The increase has prompted the Australian Society of Plastic Surgeons and Consumer Action Law Centre to issue warnings about the dangers, saying boobs aren't the only big thing women could end up with.

The associations warn the loans promote debt in the name of vanity, and will encourage young women to get unnecessary surgery they can't afford.

But loan companies argued they are a cheaper alternative to credit cards, offering interest rates between 10 and 15 per cent.

They said the average loan ranges between $8,500 and $13,000, and the most popular surgeries include breast augmentation and lifts, rhinoplasty, liposuction, botox injections and dental work.

Source: news.com.au

Thu, 30 October 2008
NIB quiet on $620m offer
THE health insurer NIB will come under pressure from shareholders at its annual meeting today to reveal the mystery bidder behind a potential $620 million offer for the company after the two biggest private health funds, Medibank Private and BUPA-MBF, ruled themselves out as likely suitors...



Tue, 11 November 2008
Act now in self-defence
IF THERE'S one thing the current upheaval in world financial markets has taught us, it's that defensive strategies aimed at protecting your wealth are just as important as aggressive strategies geared towards growing it...



Tue, 18 November 2008
Stocks sink to new 4-year low
Australian shares fell to a fresh four-year low after banking stocks tumbled and G20 leaders failed to come up with specific stimulus action after their weekend meeting in Washington...



Tue, 25 November 2008
Money matters still taboo for women: ANZ
The bank surveyed 1,200 women aged over 18 for its Women and Money Confidence Report 2008.

It said 98 per cent of those surveyed said money issues were not a common topic of conversation.

The research showed little had changed since last year's survey, ANZ said, which found women generally have low levels of confidence when making decisions about money and dealing with financial institutions.

Almost 60 per cent of respondents to the latest survey admitted they needed to do more to secure their financial security.



Wed, 04 February 2009
Stocks poised for modest gains
The Australian market is expected to open higher following positive leads from Wall Street, with oil also higher, although precious metals lost ground...



Tue, 31 March 2009
Financial News Headlines


Australian arm of GE Capital swells losses

Finance, 31 Mar :: THE losses for an Australian finance arm of the global giant General Electric have deepened as interest rates moved against it, triggering a blow-out in financing costs... read more

Home loan borrowers dump brokers

Home Loans, 31 Mar :: Less-complicated products and fewer lenders raise questions about the value of mortgage specialists. The domination of the big banks in the home loan market over the past year and fewer products on offer have led home buyers to question whether there is any point in using a mortgage broker... read more

Questions over hefty super exit charges

Superannuation, 31 Mar :: People who want to get out of poorly performing funds may find there's more pain ahead. Investors wanting to get out of underperforming superannuation funds and managed investments are finding many of them have high exit fees... read more

Be prepared - it pays

Financial Planning, 31 Mar :: PREPARING for the unexpected has never been more important. We have been comforted by a 16-year golden period of economic growth... read more

Yield of dreams: hand-picking the right fund

Investment, 31 Mar :: Amid the sharemarket turmoil, some sectors have still thrived, writes David Potts. Managed funds haven't been all bad in the past year... read more

Shares drop most in 4 weeks

Sharemarket, 31 Mar :: The Australian share market has closed lower, pulled down after the US government spooked investors by taking a harder line on two US car makers and by weaker commodities prices...



Mon, 03 August 2009
Spooked investors reconsider emerging markets
Emerging markets may be making something of a rally, but according to the latest Lonsec Sector Review of Global Emerging Markets and Regional Equities, the past year has seen them subject to deep negative sentiment and anxiety.

Mon, 10 August 2009
Stocks jump on upbeat employment data
US stocks rose on Friday to their best levels of the year after a much-awaited July jobs report was better than expected, signalling a likely turnaround in the long and painful recession

Mon, 24 August 2009
ASIC extends mortgage fund payments relief
The Australian Securities and Investments Commission (ASIC) has expanded the circumstances under which the operators of frozen mortgage funds can make payments to fund members suffering hardship...



Mon, 31 August 2009
Property developer pleads guilty to ASIC charges
A property developer and mortgage broker has pleaded guilty to seven charges brought by the Australian Securities and Investments Commission (ASIC)...



Mon, 07 September 2009
NAB tipping rate rises before Christmas
National Australia Bank (NAB) says it expects the Reserve Bank of Australia (RBA) to increase official interest rates once or twice before the end of the year...



Tue, 13 October 2009
Economy receives borrowing boost
The latest personal and business lending figures add further weight to the argument that Australia's economy is rapidly heading back to business as normal...



Mon, 23 November 2009
A snug fit now, but property loans for super could vanish
SUPERANNUATION and property are the piggybanks into which most Australians pour their life's wealth. Until recently, they were treated quite differently, with superannuation locked tight to minimise risk to retirement savings but the lid on the property money box left loose...



Mon, 30 November 2009
'Black Friday' for stocks on Dubai woes
Fears that Dubai may default on its debt sent shares sharply lower in the biggest drop since June, with banks and miners among the largest drops...

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