variable rate

Australia’s biggest bank has hit Australian homeowners with an interest rate increase, the last of the Big Four to follow the Reserve Bank of Australia’s Melbourne Cup hike on Tuesday. Commonwealth Bank will increase its variable home loan…

Australians have been dealt a fresh blow as the Reserve Bank of Australia shocked most experts by hiking interest rates by 0.25 per cent to 3.85 per cent — now the first of the big four banks has responded to the news.NAB’s standard…

Hospitality businesses are the highest at risk of going under, with the construction sector following closely behind. A CreditorWatch business risk index report found the food and beverage sector remains the most at risk of insolvency with…

An avalanche of refinancing is expected in the coming months after 10 hikes sent interest rates skyrocketing with Aussies scrambling to find a better deal due to a whopping $141 billion worth of fixed rate mortgages set to expire.The number…

While Aussie homeowners were delivered a welcome reprieve as the Reserve Bank paused its aggressive rate hiking cycle this month, one major bank boss has delivered a grim warning about what’s to come.The RBA revealed on Tuesday it was…

An Australian man is knuckling down as his mortgage repayments are set to double by June this year to an eye-watering $110,000.Steven De Celis owns a $2 million home in the plush Sydney harbourside suburb of Haberfield but is haemorrhaging…

ANZ customers can no longer access over-the-counter cash transactions at certain branches in Victoria.The issue was discussed on air by 3AW’s Neil Mitchell after he was emailed by a listener about the puzzling move.In a statement provided…

Australia could well be heading for a recession this year as economic growth stalls and interest rates keep rising, the National Australia Bank has warned.“Looking forward, we see growth slowing sharply as consumer spending comes under…

Since the RBA first began raising interest rates in May last year, it has come under a great deal of criticism for raising rates much earlier than its previous commentary had suggested. The broader narrative was that it was highly unlikely…

NSW residents are in for more cost of living pain as two major energy retailers are increasing their natural gas tariffs. Origin Energy and AGL are both raising gas prices for residential and small business customers, blaming high wholesale…