rate rise

“To brie or not to brie?” That is the question Australian consumers will be asking themselves in the refrigerated aisle at their local supermarket after a stunning 16 per cent rise in the price of cheese was recorded in the year to…

Finance guru Mark Bouris says he is hearing rumours of distressed homeowners quietly selling their properties in a “bad indicator” for the market.The executive chairman of mortgage broker Yellow Brick Road on Wednesday issued a dire…

It’s the single graph that tells homeowners everything they need to know about what the future holds for interest rates and when they will start falling.And the news is grim for the next year according to financial markets, with another…

Treasurer Jim Chalmers has been urged to overturn the RBA’s shock decision to hike rates.Amid fears the latest hike could result in a recession, the government has been urged to take the unprecedented step of direct intervention. “The RBA’s…

The Reserve Bank governor will hold press conferences after each meeting on interest rates to explain decisions to homeowners under a huge shake up of the central bank.In a landmark report that outlines the lessons learned during the Covid…

The Reserve Bank is set to be split into two boards, with one solely focused on interest rates, in a major shake-up idea expected to be adopted by the government. On Thursday Treasurer Jim Chalmers will release the RBA review report – “An…

Mortgage holders are bracing for the next decision from the Reserve Bank of Australia (RBA) to be handed down later today as experts remain split on what will happen. Economists are divided over whether Australia’s central bank will give…

At first it was just anecdotes. People were talking about struggling to make ends meet, but they were isolated cases. Now however? The suffering is widespread enough to show up in official statistics. There are three signs that signal how…

Jason Bosworth has been forced to take on a second job as he faces the “stressful” reality of his family’s mortgage rolling off an ultra-low fixed rate, which will see their repayments double to $1200 a week.The dad-of-two purchased the…

A looming 10th rate hike has stoked fears Australia could be poised to plunge into a recession as Jacqui Lambie warns voters to prepare for the worst. The Reserve Bank is expected to lift the official cash rate to a decade high of 3.6 per…