ALP March 1996 |
Coalition March 2001 | |
Mortgage interest rates * |
10.5% [18% in 1989] |
7.25% |
EFTPOS terminals * |
107,000 |
320,000 |
Automatic Teller machines * |
7200 |
10,800 |
GIRO Post * |
2550 |
2800 |
Total points of access * |
134,515 |
346,145 |
BPAY ^ |
0 |
$24 billion |
Internet banking subscribers # |
0 |
2,506,237 |
Time taken to pass on interest rate cuts * |
51 days |
7 days |
• As at March 2001, 8.5 million Australians, or 67% of adults use EFTPOS.*
• As at March 2001, 5.6 million Australians or 49% of adults subscribe to a telephone bank service.*
Sources: * Reserve Bank, # JP Morgan Online Market Share Report, ^ BPAY