rate rise

A young Melbourne family, with a combined salary of $180,000, are worried about being able to meet their skyrocketing mortgage repayments as other essential costs have also soared and they have already cut all discretionary…

All four of the biggest banks have now passed on interest rate hikes to mortgage holders, with Commonwealth Bank the latest to join.The Reserve Bank of Australia (RBA) announced the ninth consecutive rate rise two days ago bringing interest…

Australia’s official cash rate has been lifted to 3.35 per cent, with Reserve Bank governor Philip Lowe hiking rates by 25 basis points in an effort to lower inflation. Analysts had predicted the 25 basis point increase; however, some…

Cost of living pressures are dominating Australians’ worries with 59 per cent of people most concerned about skyrocketing grocery and electricity prices, soaring rent and rising interest rates in 2023, new research has revealed.Australians…

A young new property owner is regretting her decision as the Reserve Bank of Australia (RBA) hiked interest rates to a 10-year high. Sammie Baker, 24, strategically bought a Brisbane apartment in July this year when her borrowing capacity…

A finance expert has issued a grim warning that the world economy is facing one of the toughest periods in 30 years, with another claiming we could be set to face an economic “hurricane”.According to Bloomberg economist Scott Johnson, the…

ANALYSISThe hits keep coming for Australian mortgage holders, with the Reserve Bank of Australia (RBA) on Tuesday hiking the official cash rate (OCR) another 0.25 per cent – the eighth consecutive monthly increase.The decision sent the OCR…

Westpac is the first big bank to announce it will pass on the latest interest rate hike.Australian’s worst fears were confirmed on Tuesday with the Reserve Bank of Australia pushing up interest rates for the eighth consecutive month.The RBA…

Soaring interest rates and plunging house prices could slash up to $216,000 off the value of an Australian home by the end of next year, particularly for new homeowners, analysis has revealed.The chilling warning shows homeowners risk…

National home prices have fallen for the eighth consecutive month, largely due to rising interest rates, according to the latest data from PropTrack.A 0.16 per cent drop was recorded nationally in November, with capital city prices now 3.09…