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Bank’s big move as mortgage cliff looms

Westpac will lower the stress test for homeowners looking to refinance in a bid to help borrowers avoid “mortgage prison”.Nearly 900,000 Australians who secured record low interest rates on a fixed term mortgage during the Covid-19 pandemic…

Banks’ sneaky move after rate rise

A loan expert has weighed in on the whether big or small banks are giving bang for your buck as interest rates soar. Mortgage holders have sweated through 10 consecutive cash rate rises in less than a year as the Reserve Bank of Australia…

Real reason savings rate won’t rise

A monetary expert has revealed why banks won’t hike interest rates on savings accounts like they do on home loans, comparing borrowers to people in a casino game where “the house always wins”.The Reserve Bank has already warned Australians…

Expert’s best tip for right home loan

As hundreds of thousands of Aussies brace for more mortgage repayment pain amid the Reserve Bank’s latest forecast, a financial expert has revealed the best way people can get their home loan right and avoid financial headaches.Marion…

Shock DVO against ex-ABC star’s daughter

Police have taken out an apprehended domestic violence order against the adult daughter of former ABC journalist Emma Alberici after an alleged incident at her home.The application was made after an incident where Allegra McCauley, 18,…