Keyword "cash rate" - List of latest news (526 results)

22/04 ‘Sold a lie’: Young mum reveals why she regrets buying a home

When Bonnie Hanson purchased a home in 2021, she felt an overwhelming sense of pride, but within a few short months, she was filled with regret and stress.

20/04 Call to create first homebuyer zones in Aus

A prominent Australian property expert has called for the creation of new housing “lots” to help struggling first home buyers make it onto the property ladder.

12/04 China act to tank Australia’s economy

Australia’s economy could take a hit worse than the global financial crisis or Covid if the geopolitical tensions between China and the US continue.

11/04 NAB slashes fixed home loan rates

While the Reserve Bank of Australia urges caution, NAB has taken the plunge by dropping fixed rates and forecasting a sharp fall in the cash rate.NAB rolled out major cuts to its fixed home loan rates on Friday, with its lowest advertised rate now sitting at 5.39 per cent per annum for a three-year term – available to borrowers with a loan-to-value ratio of 70 per cent or less.

11/04 RBA boss pours cold water on rate cut theory

Amid predictions of a potential double rate cut in May, with economists forecasting that Australian homeowners’ mortgage repayments could be slashed due to the United States’ ongoing trade war, Reserve Bank governor Michele Bullock has cast doubt on such a scenario.

10/04 RBA pours cold water on homeowner hopes

Reserve Bank governor Michele Bullock has poured cold water over predictions of a double interest rate cut next month insisting it’s “too early” to make hard calls on the impact of Donald Trump’s tariff chaos.

10/04 Sad reality behind 28yo’s home ownership

A hardworking teacher has revealed how a family tragedy was her only chance at becoming a homeowner, proving Australia’s housing crisis is out of control.

10/04 Donald Trump’s economic chaos hits outlook for Australia’s interest rates

In Donald Trump’s “unpredictable” world, a lot can change in the span of 24 hours.

07/04 Election vow to save Aussies $2.5k a year

First home buyers who don’t have access to the bank of mum and dad could save up to $2500 annually on their mortgage payments through the Coalition’s push to lower borrowing requirements for first homeowners.

04/04 Silver lining in Trump tariff plan

Mortgage holders and young superannuation members could get a leg-up due to US President Donald Trump’s new tariff policies.

04/04 Alarming interest rate prediction emerges

ANALYSIS

03/04 RBA warns Trump a risk to Aussies

US President Donald Trump’s trade war could trigger cascading disorder in the global economy and pummel Australians, the Reserve Bank of Australia warns.

31/03 ‘We’ll remove it’: Dutton to reset lending rules

D-Day has arrived over the fate of an election campaign rate cut, with Peter Dutton set to unveil new policies to make it easier to enter the housing market without help from “the Bank of Mum and Dad.”

31/03 Dutton’s multi-billion call on key project

Anthony Albanese and Peter Dutton are hoping for a reset on Tuesday, after an awkward third day of campaigning for both leaders, but mortgage holders will likely be focused on the RBA’s rate announcement.

29/03 Major week set to shake up election campaign

Anthony Albanese and Peter Dutton will face key economic tests in the first days of the May 3 election campaign, as voters watch to see how they tackle cost of living issues.

27/03 What Albo, Dutton will do for your budget

With cost-of-living set to be the number one election issue facing voters, both major parties are pitching themselves as the side most capable of handling Australia’s economy.

22/03 ‘Completely blindsided’: Shock figure boosts hopes of April rate cut

A steep decline in employment figures over the past month has raised prospects the Reserve Bank could cut rates as early as April, economists say.

20/03 ‘Deterioration’: Sign America has lost control

ANALYSISAmid a news cycle dominated by US President Donald Trump and the upcoming Australian federal election, one can’t help but be struck by how different the approach of the Trump administration and the Albanese government is to their respective economies.

14/03 Question Dutton and Albo won’t answer

ANALYSIS

11/03 ‘Be alert, not alarmed’: Aussie superannuation funds battered by US stock market turmoil

Australians’ superannuation balances have been hammered by turmoil in US share markets as Donald Trump’s tariff war escalates and recession fears grow.

21/02 RBA boss makes huge cash call

Reserve Bank governor Michele Bullock has committed to ensuring Australians will be able to access and use cash despite “considerable challenges” faced in its distribution system.

21/02 ‘All of a sudden’: Huge shock coming for Aus

ANALYSIS

20/02 ‘Perfect opportunity’: BlackRock CEO calls for 30-year mortgages in Australia

The head of the world’s largest investment firm has called for the introduction of 30-year fixed-rate mortgages in Australia, saying the country’s $4.2 trillion superannuation pool could be used to create the market.

20/02 Shock RBA move could change everything

ANALYSISThe Reserve Bank of Australia could still have a whole bag full of rate cuts to dole out in 2025, according to a new analysis that has major implications for the housing market.

20/02 RBA governor Michele Bullock to face grilling after rate cut

Reserve Bank governor Michele Bullock will face a three-hour grilling by politicians following the central bank’s first rate cut since November 2020.

20/02 ‘Unprecedented’: Australians cop huge blow

Australia might not return to its pre-Covid level of living standards until about 2030, the federal opposition is arguing, citing the latest data from the Reserve Bank.

19/02 Why one rate cut won’t save Aussie households

Some homeowners might be rejoicing over the Reserve Bank’s decision to cut the cash rate by 25 basis points on Tuesday, but for many, one rate cut won’t cut it.

19/02 When is the next RBA meeting on interest rates?

Australians have welcomed the Reserve Bank’s decision to cut interest rates for the first time in years, but will have to wait slightly longer to find out whether another is on the way.

18/02 Why rate cut could drive house prices up

First home buyers have been warned that the good news on interest rates could turn out to be a double-edged sword when it comes to house prices.

18/02 Wild Trump move ‘scaring the RBA’

David “Kochie” Koch has weighed in on the state of Australia’s economy following the RBA’s long-awaited rate cut on Tuesday, throwing a few jabs Australia’s relations with the US and Donald Trump’s presidency in the process.

18/02 ASX tumbles despite RBA cut

The Australian stock market declined for a second consecutive session on Tuesday as oil and gas giant Woodside Energy booked another tumble, the big banks continued to fall sharply and the RBA struck a note of caution following its decision to cut interest rates.

18/02 Treasurer’s warning after RBA’s big move

The Reserve Bank has explained why it made the big move to cut interest rates for the first time in four years warning homeowners it remains “cautious” and suggesting families shouldn’t expect a big run of multiple rate cuts.

18/02 Call your bank: Rate cut trap revealed

The RBA finally passed down some relief to borrowers, cutting the cash rate to 4.1 per cent at its February meeting, but this will not mean instant relief for borrowers.

18/02 Albo mum on RBA rate cut hopes

Anthony Albanese has appeared hopeful of a rate cut, stating inflation has been driven down to the target “band that the (Reserve Bank) aims for” ahead of its highly anticipated cash rate update on Thursday.

17/02 ‘Unjustified’: Fears RBA will deliver 11th hour blow to homeowners and keep rates on hold

The broad expectation among experts and commentators is that struggling homeowners will be delivered a long-awaited reprieve this afternoon via an interest rate cut.

17/02 How much will you save after RBA rate cut?

Aussie homeowners are tipped to pocket more than $1000 a year after the banks pass on Tuesday’s cash rate cut in full.

17/02 ‘Good debt’: Man who has bought over 20 homes reveals interest rate reality

Graham Whitfield owns multiple properties but isn’t worried about whether interest rates go up or down today.

17/02 ‘Going broke’: Expert’s brutal RBA call

COMMENT

17/02 Up to $50,000 bonus for Aussie homebuyers as rates start tumbling

There’s good news and bad news for families looking to enter the housing market as the RBA considers the first rate cut since the Covid pandemic in the next 24 hours.

16/02 RBA call ‘could not be more wrong’

COMMENT

16/02 RBA cut: Insane way to save $250k

With multiple interest rate cuts on the horizon, savvy homeowners who move quickly can wipe six years off the length of their home loans.

16/02 The ambitious plan to help first homebuyers save thousands while boosting housing supply

A major property group will lobby Labor and the Coalition to adopt its ambitious proposal to save homebuyers up to $13,000 a year while boosting housing supply at the same time.

15/02 ‘Heightened risk’: RBA set to cut

The RBA will cut rates at its February meeting, according to a majority of experts, resulting in the return of confidence to home buyers and sellers around the country and big potential property price gains.

14/02 One man blamed for Australia’s biggest crisis

Of all the problems facing Australia today, there’s one crisis that stands out as the most pressing — particularly if you’re at the younger end of the age spectrum.

14/02 How homeowners are allowing banks to rip them off by up to $10,000 a year

Homeowners are blindly allowing the banks to rip them off by up to $10,000 a year by failing to shop around for a better interest rate.

13/02 Predicted cuts to bring meagre relief for Aussies after years of interest rates hell

Homeowners have been slugged a whopping $54,000 in extra repayments on their mortgages in Sydney as a result of interest rate rises since the election of the Albanese Government but can only expect relief of around $115 a month if the RBA cuts rates next week.

13/02 Could Trump’s tariffs see the RBA hold rates

Mortgage holders’ long-awaited rate cut could be put on hold as Australia’s central bank deals with the uncertainty of Donald Trump’s latest tariff plans.

13/02 Rate cut move that’ll make you richer

IF and when the RBA finally cuts the cash rate, I will be leaving my own rates on hold.

10/02 ‘End of the battle against inflation’: Aussie homeowners poised to make a killing

Homeowners planning to sell could be set to make a killing if the RBA starts cutting rates in February with predictions some suburbs could record an eye-watering 19 per cent jump in house values based on a one per cent reduction in interest rates.

09/02 Money markets huge rates call

The money markets say there is a 93 per cent chance Aussies will start getting mortgage relief when the Reserve Bank of Australia meets in February.

08/02 Insane credit card spending revealed

Australians racked up an insane amount of personal credit card debt over the Christmas period, leaving many households unable to pay off their ballooning bills, new research shows.

07/02 ‘Odds-on favourite’: Huge interest rates call

ANALYSISSince the Reserve Bank of Australia first started raising interest rates in May 2022, it has been an absolute rollercoaster ride of wildly unexpected twists and turns.

06/02 ‘Rude’: 24yo real estate agent shares wild text message

Australia’s general contempt for real estate agents has reached a fever pitch, and a simple text has revealed just how tense things have become.

29/01 How homeowners could score $8,000 discount on mortgage

Homeowners can look forward to interest rate cuts of $8,000 a year on average by the end of 2026 but the RBA could delay a rate cut in February until more economic data is available.

28/01 Aussie economy passed its low point

The Australian economy has passed its low point, but short of meaningful productivity gains or tax reform it will continue to grind higher, industry experts suggest.

28/01 Young mum reveals why she feels ‘shame’ over not being able to buy a home in 2025

A young Aussie mum has tearfully revealed why she feels “shame” that she and her husband can’t afford to buy a home.

25/01 ‘Messed up’: 33yo reveals why she has no desire to own a home

A 33-year-old woman has revealed she has no desire to own a home, revealing a grim 2025 reality for young people.

23/01 Huge number of Aussies needing a rate cut

A whopping 71 per cent of Australian households have reported needing a rate cut just to stay on top of their mortgages, begging for the Reserve Bank to offer relief at their next meeting.

23/01 ‘It killed me’: Family’s house sale reveals downsizing trend

The housing crisis in Australia has reached a fever pitch and, now, a downsizing trend has erupted that used to only be reserved for retirees.

19/01 It will be at least a year until Australians get some relief from the cost-of-living crisis, experts warn

From the dollar recently falling to a near five-year low to social media posts about both the cost of eating out and grocery shopping consistently going viral, Aussies are desperate to know if the cost of living is going to ease up this year.

17/01 ‘Struggling’: Mum’s viral admission reveals just how tough Aussies are doing it

As the cost of living crisis rages and young families are struggling, one mum’s raw money admission has exposed just how hard it has become.

15/01 Big bank doubling down on rates cut hope

One of Australia’s big four banks is doubling down on its prediction the Reserve Bank will cut the official cash rate next month after a drop in household spending.

12/01 ‘Getting painful’: Fears as Aussie dollar tanks

Well, we all got $100 poorer over Christmas.

03/01 Insane income you need to buy home in Aus

Home prices could drop by more than $100,000 in much of Sydney this year as buyers hit critical affordability barriers and interest rates remain elevated, economic modelling has revealed.

02/01 Earth-shattering interest rates call

Interest rate speculation was never ending during 2024. We were expecting rate cuts midway through the year, before having our expectations managed by the RBA.

29/12 Slither of hope for first home buyers

First-home buyers might get a brief window of opportunity to buy in a depressed market before interest rate cuts spur on housing growth in the second half of 2025.

24/12 Fresh blow for would-be homeowners

Aussies looking to get into the housing market have been dealt a fresh blow after the International Monetary Fund (IMF) recommended against easing a major policy that would make getting a loan easier.

23/12 Ray of hope emerges for Aussie economy

The Australian economy is tipped to recover over 2025 as consumers get used to higher rates, with one economic outlook forecasting the country is on a “narrow path to a soft landing”.

18/12 How budget blowout could affect rate cut

The splurge in government spending is unlikely to impact the Reserve Bank forecasts, according to a major bank who has called for rate cuts in the new year.

18/12 Economic outlook for 2025 is a mixed bag, but there’s some good news for Australians

It was a rough 2024 for many Australians, with the cost-of-living and housing crises combining to put pressure household budgets.

17/12 Ikea’s surprising cost-of-living move

Furniture and home accessories behemoth Ikea is looking to reduce prices across its 10 Australian stores in a move it hopes will help drive customer demand.

16/12 Chalmers reveals new RBA board

Jim Chalmers has announced two new appointments to the Reserve Bank’s new monetary policy board which will be tasked with determining the cash rate, separate from a newly-created governance board.

12/12 ‘Stuffing up everything’: Experts turn on RBA

When will these accursed rate cuts come?

11/12 Bombshell hidden clue in rates announcement

OPINION

09/12 Interest rates panic sparks mass gamble

An increasingly pessimistic outlook about the direction of interest rates has spurred a mass drive from homeowners to either sell up or get out of crushing loan deals with their existing lenders.

07/12 The one big reason Aussies are getting poorer

Australians are getting poorer and a leading economist has produced a striking graph to explain the fall-off in living standards.

06/12 Australians reveal what they believe a ‘good’ salary is in 2024

What is considered a “good” salary in 2024?

16/10 ‘Sell your house’: Young Aussie family trolled over mortgage stress

Rachel and her partner earn a combined income of $80,000 a year and are struggling with their $650 weekly mortgage repayment.

08/10 NAB cuts fixed home loan rates by up to 0.65 per cent in major lending shake-up

National Australia Bank (NAB) has cut its fixed home loan rates by up to 0.65 percentage points in a major lending shake-up.

06/10 Interest rates, inflation: Plea for November RBA rate cut to save businesses from collapse

Retail associations are begging the Reserve Bank to cut the cash rate at its next meeting, as the sector enters its busiest period with Black Friday and Christmas sales.

26/09 ‘Not right’: Albo snaps at presenter

Anthony Albanese has snapped at Nine’s Sarah Abo after the Today host pressed him on his government’s fiscal management.

25/09 ‘Mistake’ behind Aussie interest rate disaster

Interest rates are collapsing across the developed world.

25/09 Reserve Bank boss’s brutal three words

Reserve Bank Governor Michele Bullock took a thinly veiled shot at the government after yesterday’s decision to keep interest rates on hold again, in the form of a pointed callback to criticism from Treasurer Jim Chalmers.

25/09 ‘Not going out as much’: ‘Date-night economics’ leading to small business insolvencies

A decline in Aussies going out on “date night” could be contributing to small business closures, an expert has said, as spiralling costs across the board continue to impact every facet of life.

24/09 Two words fuelling rate pain for Aussies

The Reserve Bank has flagged Aussies are unlikely to see any reprieve in interest rates until inflation returns to “sustainable” levels.

24/09 Aussie shares dip on hawkish Bullock

It was a tale of two central banks on Tuesday as investors digested hawkish rhetoric from the Reserve Bank of Australia on inflation and interest rates and fresh support measures from the People’s Bank of China.

24/09 ‘Create their own rate cut’: Kochie urges borrowers to consider breaking up with their bank

Homeowners struggling after missing out on a rate cut from the Reserve Bank have been urged to “create their own rate cut” by dumping current lenders for a better deal.

24/09 Greens demand Treasurer Jim Chalmers deploy “crazy” interest rate strategy

The Greens have urged Treasurer Jim Chalmers to adopt a “crazy” new strategy if he really thinks the RBA is smashing the economy – overrule the central bank and slash rates.

23/09 Blistering figure Aussies spend on repayments

Australians with mortgages have collectively paid an estimated extra $5.52bn in repayments every month since the Reserve Bank began increasing rates two and a half years ago.

22/09 Huge call on key rates figure

Treasurer Jim Chalmers has flagged the government is expecting monthly inflation to drop “quite substantially,” ahead of the August monthly figures set to be released on Wednesday.

21/09 ‘Exposed’: Bleak warning over Aussie interest rates

An economist has warned Australia has been left “exposed to inflation that’s really destructive”, urging the Reserve Bank of Australia to raise the cash rate.

07/09 Cafe owner lifts lid on big coffee gripe

A cafe owner has lifted the lid on why customers are charged more for alternative milks like soy and oat, saying it is not just a matter of the higher cost to stock them.

05/09 Bullock doubles down on rate warning

Reserve Bank governor Michele Bullock has acknowledged the bleak reality of households struggling with high interest rates, and conceded some may “make the difficult decision to sell their homes”.

30/06 What Australia's economy will look like in a year, according to 29 top forecasters

An expert panel of top economic forecasters expects the Reserve Bank to cut interest rates two to three times over the next 18 months, with the first cut likely in March.

07/05 ASX records best day in more than three months

The ASX finished strong in the wake of the Reserve Bank of Australia’s decision to keep the cash rate on hold.

07/05 Huge decision for homeowners imminent

Homeowners, who have already been smashed by 13 interest rate rises and the cost of living crisis are facing a nervous wait on what happens next as the Reserve Bank of Australia is set to announce its latest move.

06/05 Aussies hold breath ahead of RBA call

Household borrowers are set to be spared from further pain at the Reserve Bank’s May meeting, yet all eyes will be on governor Michele Bullock’s post-meeting press conference for clues on the path ahead for interest rates.

06/05 ASX climbs as RBA board convenes

Australian shares started the week on a positive note, as interest rate sensitive real estate and tech stocks buoyed the benchmark on Monday.

06/05 Interest rates to rise again in 2024 warn economists

Homeowners are nervously waiting to see if their mortgage repayments will jump again as economists warn that interest rates could be hiked.

05/05 Budget’s biggest focus revealed

Labor has declared inflation the “primary focus” of this month’s federal budget, as the government walks the tightrope of lowering cost of living pressures while putting downward pressure on the bottom line.

02/05 US issues rates warning nobody wanted

In a move that could signal further disappointing news for homeowners here in Australia, our friends across the Pacific have signalled that high interest rates and inflation could be here for longer than expected.

01/05 Huge call on Albanese’s tax cuts

Sticking to the planned rollout of the Albanese government’s stage three tax cuts risks further fuelling inflation, making the RBA’s job more difficult, and their delay should be considered, leading economists have cautioned.

01/05 Force the nation into recession, Aussies urged

Aussies are being urged to stop splashing cash on “Netflix, flat-whites, movies and eating out” to trigger a “DIY recession” that will save us from years of pain.

30/04 CBA makes call no Aussie wants to hear

The Commonwealth Bank of Australia (CBA) has made a devastating new prediction for Aussie homeowners.

27/04 Aussie petrol prices hit all-time high

Petrol prices have hit record highs across major capital cities, with the spike in prices a result of rising wholesale costs, high oil prices and a weak Australian dollar.

26/04 ASX dives as RBA rate hike in play

Australian shares dived on Friday in one the largest single session declines of the year, as fears intensified that the Reserve Bank would have to resume its aggressive run of rate hikes.

26/04 Chalmers’ second surplus all but assured

Treasurer Jim Chalmers is all but assured of delivering back-to-back surpluses, with new figures showing thumping revenue flows and tightened federal purse strings are set to keep the budget in the black.

26/04 Leading forecaster Warren Hogan predicts RBA will hike cash rate to 5.1 per cent this year

A top forecaster issued a dire interest rate warning, predicting that the Reserve Bank will be forced to hike three times before the end of the year.

23/04 Inflation key to rate cut clues

The hopes of millions of household borrowers are hinging on the release of fresh inflation data on Wednesday, with the figures set to provide clues on whether the Reserve Bank can deliver rate cuts this year.

23/04 Reason Australians are the unluckiest homeowners in the world

The UN’s financial agency has confirmed what long-suffering Australian homeowners have been feeling over months of steep rate rises.

23/04 Fears interest rates could be hiked in 2024

There are fears that interest rates could be hiked again as employment holds strong and inflation remains difficult to contain, despite desperate homeowners – including over a million experiencing mortgage stress – waiting for the cost of living relief.

17/04 A stark new report on housing affordability shows just how dire things are in Australia – for everyone

The typical Australian who might’ve once bought a home a few generations ago is now much more likely to rent thanks to plunging housing affordability, which is now at its worst level in more than 20 years.And they’re flooding rental markets that are beyond capacity, competing with low-income and vulnerable people who are unable to keep pace.

16/04 ‘Hostilities’: Bad news for interest rates

For Australians who have been smashed by skyrocketing interest rates — which have added thousands of dollars to their yearly mortgage repayments — a desperate wait for relief could be even further way.

11/04 Hot US inflation print rattles ASX

The local sharemarket snapped a three-day winning streak on Thursday after hotter-than-expected US inflation data pushed traders to slash their rate cut bets.

11/04 Shock US inflation derails rate cut hopes

Traders have slashed their bets on the timing of rate cuts by the Reserve Bank after fresh data released overnight showed stubborn inflationary pressures in the United States persisted through March, derailing hopes of rate cuts by June from its own central bank.

10/04 Fears the government’s big housing crisis fix is dead in the water already

Anthony Albanese’s ambitious plan to build 1.2 million new homes over the next five years has been declared as dead in the water – before it even officially commences.

02/04 RBA drops talk of rate hike

The Reserve Bank did not consider the case for an additional increase to interest rates at its March meeting, marking the first time since the start of its aggressive run of rate hikes that it did not float the option.

22/03 Grim mortgage truth for rising number

Mortgage holders are feeling the pressure of aggressive interest rate hikes, and a small number are spending more than they earn paying back their loans.

20/03 Sign interest rates are set to fall dramatically

ANALYSIS

19/03 Ten key words RBA didn’t say

A pivot from the Reserve Bank to scrap an explicit warning about further interest rate rises has the peak union body calling for the cash rate to be cut now.

19/03 ASX up as miners surge higher

A surging mining sector pushed the Australian sharemarket higher on Tuesday, even as the Reserve Bank warned further interest rate rises were still possible as the Board battled to return inflation to a two to three per cent target band.

18/03 Why rate cuts could face delay

Households are set to be spared from further pain at the Reserve Bank’s March meeting, but borrowers hoping for relief in the form of rate cuts may have to wait longer still.

18/03 ASX edges higher ahead of March rates call

Australian shares edged higher on Monday as the benchmark was dragged lower by a sharp sell-off in real estate stocks, ahead of a run of key central bank decisions.

18/03 When to refinance your home, according to an expert

Refinancing your mortgage might not be “sexy”, says David Thurmond, owner of Mortgage Choice in Berwick, Victoria, but it is on the rise – and, according to him, the single biggest impact you can have on your monthly household expenditure.

18/03 Reserve Bank to make big interest rates call

It’s another D-Day for interest rates but the Reserve Bank of Australia (RBA) is unlikely to deliver cost of living relief to millions of Aussies.

13/03 Aussie bank hikes interest rates

An Australian bank has hiked interest rates for fixed and variable mortgages, days before the RBA convenes for its March meeting.

12/03 Australia should prepare for the death of the middle class, experts warn

Australia should prepare itself to mourn the death of the middle class as the once-famed land of opportunity and birthplace of a fair go transforms into a state where the only way to get ahead is to have rich parents.

11/03 Worrying thing Aussies spending half their pay on

Housing affordability has reached an “all-time crisis point” with families forced to spend almost half their income on mortgage repayments, experts have warned.

10/03 A leading economist has come up with a radical plan to end Australia’s housing woes once and for all

A leading economist has proposed a bold plan to finally solve Australia’s housing woes – and a country nearby has done something similar with great success.

29/02 Big reason rate cuts could be delayed

ANALYSIS

28/02 One thing that helped reduce inflation

A new report has revealed increased competition from online retailers and lower priced products help Australia’s inflation crisis from worsening.

22/02 Aussie jobs that have seen biggest pay hikes

Workers in healthcare and education have seen the biggest wage jumps in the last year, according to new data.

20/02 ASX’s mixed bag as big bank wins appeal

The Australian sharemarket didn’t change too much at the close despite major upsets to several sectors, including mining and banking.

20/02 Fresh risk more rate hikes coming

Aussies have been warned the Reserve Bank can neither rule in or out any further interest rate hikes as economic uncertainty remains “high”.

16/02 Best ‘era’: The decade Australia last thrived

On Friday, the global phenomenon that is Taylor Swift’s Eras Tour came to Melbourne’s MCG, after many months of anticipation for the nation’s Swifties.

15/02 ‘2025’: CommBank’s dire new rates prediction

The Reserve Bank may not cut rates until next year in the face of persistent inflation, the chief executive of Commonwealth Bank has warned.

14/02 ‘Persistent’: RBA boss issues new warning

Reserve Bank of Australia boss Michele Bullock has defended the central bank’s decision to lift interest rates to their highest levels since 2011, while offering a cautious outlook for mortgage holders warning that inflation still remained “persistent”.

09/02 Bullock reveals why rates could go higher

Interest rates may need to be pushed even higher if Australia’s lacklustre post-pandemic productivity performance doesn’t improve.

06/02 Reserve Bank’s call on interest rates

The Reserve Bank has spared borrowers fresh pain, but households holding out for rate cuts have had their hopes dashed with relief still expected to be months away.

05/02 Warning on banks’ sneaky interest rate move

The Reserve Bank of Australia (RBA) is poised to announce its next decision on interest rates this afternoon, but one analyst has warned the banks may play a “game of chicken” when it comes to interest rate cuts.

03/02 Aussie mortgages hit record high

New figures have revealed the size of the average Australian mortgage is now at a record high, with borrowers taking on bigger debts than ever before to secure their dream of home ownership.

02/02 Huge prediction on interest rates

Reserve Bank governor Michele Bullock isn’t ready to cut interest rates just yet.

31/01 Major bank to close dozens of branches

NAB is set to close dozens of branches across multiple states in major cities and regional areas, claiming customers prefer to use online banking.

27/01 ‘Sacrifice’: Sad reality for desperate renters

As the end of Haydn Buckland’s rental lease looms, he has joined a wave of Melbourne renters desperately searching for a property amid a major shortage, and an expert warns it could be months before the crisis starts to ease.

25/01 ‘A problem’: Major issue with Albo’s new tax cuts

Tax cuts designed to put money back in Australians’ pockets could increase inflation and slow down interest rate cuts, economists have warned.

19/01 IMF’s brutal prognosis for interest rates

Interest rates should be hiked even higher and Australian governments should slash spending to avoid stoking inflation, the International Monetary Fund has recommended.

16/01 ‘Terrible’: Top economists take aim at mega tax cuts that will mostly benefit the rich

Chances are you’re about to get a fairly decent tax cut from the middle of the year, putting cash back in your pocket – that is, unless a concerted campaign by economists to claw it back succeeds.

11/01 Rates warning over controversial tax cuts

The scheduled stage three tax cuts could stop the Reserve Bank from cutting interest earlier, economists have cautioned, amid warnings the controversial changes will pump billions of dollars of additional spending into the economy, inflaming price pressures.

10/01 Inflation eases in November

Inflation’s broad slowdown continued in November, easing borrowers’ fears of a further interest rate increase at the Reserve Bank’s February meeting.

08/01 Interest rate: Hopes of early relief fade

Borrowers hoping for reprieve from high interest rates may have to wait longer still with impending inflation data set to give the Reserve Bank clues on whether rate cuts can be contemplated.

03/01 ‘Day of reckoning’: Aussies’ chilling warning

A leading economist has warned that Australia is among the countries at risk of recession in 2024 after brutal interest rate rises.

03/01 Albo’s brutal blow to struggling Aussies

While cost-of-living support remains the government’s No.1 priority, Anthony Albanese says Australians should not expect cash handouts and sweeteners to relieve the pressure on households.

02/01 Big RBA call splitting economists

Economists remain divided over the Reserve Bank’s next move on interest rates.

02/01 ‘Historically bad’: Bleak warning for Aussies about a bumpy economic ride in the year ahead

Australians have been warned to brace for a rough year ahead, with a range of economic forecasts painting a picture of uncertainty, instability and a “bumpy” road.

01/01 The RBA is expected to deliver interest rate cuts in 2024 in good news for millions for Aussies

Economists and financial markets are betting on 2024 to bring long-awaited relief to millions of Aussies in the form of falling interest rates.

21/12 CommBank chief’s huge rates call

After a year in which Aussies were hampered with interest rate rises and high cost of living pressures, the economic outlook for 2024 could bring some much needed relief.

16/12 Aussie couple regrets buying a house

An Aussie woman has shared the struggles she and her partner have faced after purchasing a house — sparking a major debate online in which many Aussies shared that they had regretted becoming homeowners.

15/12 Bank’s surprise gift to homeowners

A subsidiary of Australia’s biggest bank has delivered a surprise gift to prospective homeowners just two weeks before Christmas.

13/12 Post reveals what is wrong with 2023

It is the most wonderful time of the year in Australia … if you can still afford it.

11/12 ‘Crippling’: Proof you’re $8000 poorer

A new poll has shown an alarming amount of Australians are against mass migration, after recent research showed the average Aussie was $7,848 worse off in 2023.

09/12 Australia on brink of financial ‘armageddon’

Australians are flocking to Google with their mortgage woes and one in 50 homeowners are in “severe financial stress” amid back-to-back interest rate hikes over the past 18 months.

08/12 RBA move dampens Aussie housing market

ANALYSIS

05/12 Expect Feb rate hike, economists warn

Battling borrowers have received an early Christmas gift from Reserve Bank governor Michele Bullock, but economists have warned the reprieve may be short-lived.

05/12 City where rent is tipped to jump 9.5 per cent

Rental prices are tipped to continue to increase across Australia throughout next year, according to a panel of economic experts.

05/12 Sign Australia is no longer the lucky country

Aussies feeling the heat of the cost of living crisis are sharing tips on how to live on the bare minimum, with several admitting they are preparing to become homeless.

05/12 Grim graph reveals Aussie group’s deadly struggle

Warning: Distressing content

05/12 Worst week for Aussie shares in 6 weeks

Despite the Reserve Bank hitting pause on its rate tightening cycle, the Australian share market sank on Tuesday, dragged lower by energy and mining stocks.

04/12 Aussies face ‘extreme’ cost-of-living pressure

Australian households are under “extreme” cost-of-living pressure with two in five people struggling to pay to have a roof over their head, according to a new report.

02/12 Why the Aussie dollar is soaring

For anyone planning a trip to the US in the coming months, the sudden and substantial increase in the Australian dollar will come as welcome news.

30/11 Figures expose Aussies’ ‘concerning trend’

Shocking figures have exposed the depth of pain being felt by Aussies amid the cost-of-living crisis, as more and more people seek financial assistance while struggling to make ends meet.

29/11 Sign borrowers won’t be spared rate rise

Treasurer Jim Chalmers isn’t getting “too carried away” by the latest inflation figures, which showed inflation was moderating faster than expected.

29/11 Why inflation drop could stall new rate hike

With inflation falling faster than expected the Reserve Bank of Australia could shift into “neutral” over the summer, experts predict, with mixed results for struggling homeowners.

28/11 ASX rebounds ahead of October CPI

The Australian share market rebounded on Tuesday as investors await fresh monthly inflation data scheduled for release on Wednesday.

25/11 Finance guru’s chilling warning to Australia

NAB has increased its fixed term rates just hours after its chief economist issued a chilling warning of another interest rate hike in 2024.

24/11 Grim reason Australia is suffering so much

ANALYSIS

23/11 ‘Taking the piss’: Fury at Aussie menu change

What is the charge for a meal? A succulent Chinese meal? Apparently, thanks to inflation, far more than the average Aussie can accept.

22/11 ‘Ridiculous’: RBA boss’ haircut claim slammed

RBA governor Michele Bullock has sparked backlash for suggesting Australians going for haircuts and dentist visits are to blame for high inflation.

22/11 ‘Collapse’: Australia tops worst possible chart

ANALYSIS

22/11 RBA governor warns on ‘homegrown’ inflation

Australia’s inflation problem is increasingly ‘homegrown’ as imported cost pressures continue to wane, Reserve Bank governor Michele Bullock has warned.

22/11 Startling proof Australia is totally stuffed

Just about everywhere you look, there are worsening signs that Australia is no longer the lucky country.

21/11 ASX climbs despite grim rates warning

The Australian share market rose on Tuesday as traders shrugged off the release of new Reserve Bank board minutes which showed it was prepared to hike interest rates again.

21/11 More rate rises flagged by RBA

Delaying the Melbourne Cup Day rate hike would have risked a more aggressive increase to interest rates in the months ahead, fresh meeting minutes released by the Reserve Bank have revealed.

17/11 Big change to Aussie Christmas

Retailers are hoping for a lucrative festive season with businesses offering significant discounts in the lead up to the Black Friday sales period a bid to attract shoppers on the hunt for a bargain.

14/11 Mortgage broker forced to become part-time Uber driver due to cost-of-living and housing crisis

A recorded conversation with a mortgage broker forced to drive an Uber part-time because his business is “dead quiet” points to darkening economic storm clouds.

14/11 Irony in councillors voting for pay rise

Councillors in Sydney’s southwest have voted to give themselves a pay rise that would leave them with an annual salary of $27,650 and the mayor $73,440.

14/11 Home loans ‘only for the rich’: ANZ CEO

A bank boss has claimed home loans have become “the preserve of the rich” as conservative lending regulations price out everyday Australians from cracking the property market.

13/11 ‘Bumpy’ road ahead for inflation, RBA warns

Bringing soaring price pressures to a heel may take longer than expected and could be “bumpy”, a senior Reserve Bank official has warned.

13/11 Parliament resumes for jetsetting PM

After weeks of jet setting and significant meetings with world leaders in Washington, Beijing and the Cook Islands, Anthony Albanese returned to domestic realities on Monday.

12/11 ‘Over egged’ rate rise could cause recession

A prominent Australian economist has feared the Reserve Bank of Australia’s (RBA) “over egged” Tuesday’s interest rate rise, which now has the “genuine” potential to push the country into a recession.

11/11 Red Rooster item nutritionist wouldn’t touch

If chicken is your thing, there are certainly a wide range of options to pick from at Red Rooster.

10/11 Dire income outlook for Aussie households

Australians will not experience any real income growth until next year, with the Reserve Bank of Australia warning inflation is still “too high” and more persistent than usual.

09/11 ‘You don’t get it’: Karl’s cost blow-up

Karl Stefanovic has taken aim at Acting Prime Minister Richard Marles over his government’s response to Australia’s increasing cost-of-living pressures, blowing up over his use of repeated “lines” and questioning a potential cut to the fuel excise.

09/11 Last Big Bank smacks Aussie homeowners

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.

09/11 Tradie’s struggle reveals Aussie dream is dying

Getting into the property market has become almost impossible for young people, to the point that even cashed-up tradies are struggling to buy and maintain their mortgages thanks to rising interest rates.

08/11 First bank responds to RBA hike

One of Australia’s biggest banks has lifted its mortgage rates one day after the Reserve Bank of Australia hiked the cash rate to 4.35 per cent, the first big bank to follow suit.

08/11 ‘It’s a train wreck’: Millions of Aussies doomed by the latest rate hike, now spending more than they earn

The latest rate hike by the Reserve Bank means more than two million Australian households are spending more than they make each month, shocking new analysis reveals.

07/11 Irony in senator’s ‘out of control’ dig

A war of words has erupted after the Coalition’s finance spokesperson said inflation was “out of control” before being reminded it was higher when she was in government.

07/11 Why petrol prices affect your mortgage

Treasurer Jim Chalmers has marked out a spike in global oil prices as a key reason why Australian homeowners will fork out more money on their mortgages.

07/11 Aussies face savage $60k-a-year mortgage

The savage round of interest rate rises inflicted on homeowners by the Reserve Bank is now stinging the average mortgage holder in Sydney up to $60,000 a year in annual payments.

07/11 ‘Privileged’ mum-of-three’s house rant backfires

A “privileged” Sydney mother has been widely mocked after complaining that her multimillion-dollar property had increased in value by $1 million over the last six years.

07/11 RBA delivers borrowers Cup Day blow

Reserve Bank governor Michele Bullock had dealt a fresh blow to borrowers after lifting the official cash rate by 25 basis points to 4.35 per cent in a bid to tame persistent inflationary pressures.

06/11 News no homeowner wants to hear

Households and businesses are bracing for another blow when the Reserve Bank meets on Melbourne Cup Day with new governor Michele Bullock widely expected to hike rates.

06/11 The case against a Melbourne Cup rate rise

It’s the Melbourne Cup rate rise that the big banks are betting on, but one leading economist has broken ranks to urge the Reserve Bank to hold fire.

06/11 Economists bet on interest rate rise

Before the race that stops a nation at 3pm today, Aussie homeowners will be awaiting the latest interest rate decision from the Reserve Bank of Australia (RBA).

03/11 ‘Higher for longer’ experts bet the house on a Melbourne Cup rate rise

Interest rates are set to rise on Melbourne Cup Day and the consensus of experts now leans towards rates staying “higher for longer”.

28/10 New mortgage cliff risk looms for Aussies

Despite catastrophic predictions of the fixed rate mortgage ‘cliff’ that has generated headlines for months and sowed fears of widespread defaults and increasing arrears, household borrowers have, so far, weathered the interest rate storm.

28/10 Grim reason Aussie interest rates keep rising

Australian households are in the midst one of the most financially difficult periods in our nation’s recent history, as the twin forces of high inflation and the largest rise in relative rates on record combine.

26/10 ASX drops to 2023 low

The Australian share market fell to its lowest point of the year on Thursday after a mixed result from US tech giants overnight pushed Wall Street lower.

24/10 One in 20 borrowers struggling: RBA

Low income households and renters are better off than they were two years ago despite soaring interest rates and the continued cost of living crunch, Reserve Bank governor Michele Bullock has revealed.

24/10 Dream salary making Aussie feel ‘poor’

$100,000 used to be seen as a dream salary, but young Aussies no longer think it is enough to live comfortably.

19/10 RBA releases salaries for key figures in annual report

The man who launched Australia’s crushing rate rise cycle pocketed more than $1m in his final year at the central bank.

18/10 RBA issues inflation warning from global “shocks”

Global geopolitical shocks, including the escalating conflict between Israel and Hamas, risk keeping inflation higher for longer, Reserve Bank governor Michele Bullock has cautioned.

17/10 Stubborn inflation could spell rate hike

The potential of an interest rate rise in November could give some punters pause for thought as they plan their Melbourne Cup Day bets.

17/10 ASX up despite fresh rate hike fears

The Australian sharemarket edged higher on Tuesday after a rally in tech stocks saw the benchmark shrug off concerns the Reserve Bank may have to hike rates again before year’s end.

17/10 Petrol price pain could force rate hike

A jump in global oil prices risks worsening the cost of living crunch and derailing the Reserve Bank’s current path to bring inflation to a heel, forcing another rate rise, meeting minutes reveal.

11/10 Grim reality of Aussie mortgage spike revealed

Households are spending a greater share of their income on mortgage repayments than ever before and borrowers can expect this figure to climb even higher, the Reserve Bank has warned.

10/10 Two more big shocks for Australians in 2023

ANALYSIS

07/10 ‘No rate cuts’: Horror call on Aussie economy

ANALYSIS

07/10 ‘Vulnerable’: The Aussies now most at risk of financial despair revealed

The Reserve Bank has issued a stark warning about the number of Australians at risk of financial despair in the months ahead, with a spike in homeowners falling behind on mortgage repayments.

06/10 RBA paints grim cost-of-living picture

Almost a third of Australians are at risk of running out of their savings buffers within six months and could be left vulnerable in the event of further interest rate rises, the Reserve Bank has found.

04/10 ‘We’d all be f***ed’: One thing saving us from economic devastation

Hundreds of thousands of Australians are flooding financial crisis hotlines in desperate need of help, on the brink of losing their homes as they struggle with sky high mortgage repayments.

03/10 Aussie economy ‘shuddering to a halt’

Liberal Senator Jane Hume has claimed the economy is “shuddering to a halt”, accusing the government of relying too much on the central bank to do “all the heavy lifting” amid the cost of living crisis.

03/10 Australian homeowners endure mortgage cyclone amid rate hikes

Australians are bearing the brunt of a “mortgage cyclone” — with more than one in three homeowners now fitting the standard criteria for mortgage stress.

03/10 Michele Bullock’s first gift to borrowers

Freshly minted Reserve Bank governor Michele Bullock has spared borrowers further rate pain by holding the cash rate steady at 4.1 per cent, but warned further hikes may still be needed.

02/10 600k Aussies headed off financial ‘cliff’

The new governor of Australia’s central bank is poised to make a decision on the nation’s interest rates just days into the new job.

02/10 Inflation warning ahead of RBA meeting

Economists have urged caution over the inflationary threat of soaring global oil prices and sticky price pressures ahead of Michele Bullock’s first board meeting at the helm of the Reserve Bank.

02/10 Rate shock ahead of October decision

In dire news for Australians struggling with the cost of living crisis, some economists have warned interest rates won’t begin falling until 2025.

19/09 Historic change to Aussie banknotes

A historic change is on its way to Australian banknotes as a final farewell to ousted Reserve Bank of Australia governor Philip Lowe.

19/09 RBA’s big clue on interest rates

The biggest clue yet that the Reserve Bank of Australia (RBA) may continue to increase interest rates has emerged, with the release of the minutes from the last RBA board meeting.

14/09 Grim reason Aussies returning to big banks

Nearly two million Australian consumers have returned to the big four banks as cost-of-living pressures push them to the perceived “safest option”, new research suggests.

14/09 Aussie crisis forcing people into new weekly habit

There’s a hated new walk that many Australians are doing, and it is a physical manifestation of the cost of living crisis.

13/09 Big bank‘s surprise move for homeowners

One bank is evening out the playing field for owner-occupiers on mortgage rates while Westpac decreases fixed rates for certain loans.

13/09 Aussie agents respond to claims they are ‘untrustworthy’

Do you trust real estate agents?

09/09 ‘I’m sorry’: Lowe heads for the exit

The Reserve Bank expects 140,000 people will lose their jobs by the end of 2025.

08/09 Chart reveals scale of Australian mortgage crisis

Since the RBA first started raising interest rates in May of last year, many Australians have been waiting for the other shoe to drop.

07/09 Lowe’s thinly veiled swipe before exit

Ousted RBA boss has used his final speech to drop a thinly veiled barb at governments across the country, warning the RBA alone cannot be responsible for the nation's economic success.

06/09 Sign Aussie economy slowing

Faltering household spending and weak productivity growth dragged down the Australian economy in the June quarter, but growth was still stronger than anticipated, new data shows.

05/09 China’s role in sluggish Aussie economy

New figures on Wednesday are set to show Australia’s economy grew sluggishly in the June quarter, as it was dealt with blows by higher interest rates, price pressures and a Chinese slowdown.

05/09 TikTok exposes Coles’ sneaky ‘special’ tag

Coles is facing backlash after a customer exposed a sneaky pricing tactic on their jars of Vegemite in a viral TikTok.

05/09 RBA holds, but inflation war not over

ANALYSIS

05/09 Lowe sounds alarm on China

The Reserve Bank has sounded the alarm on the fast-deteriorating Chinese economy, warning that its embattled property sector poses a major risk to Australia’s outlook.

04/09 Good news for Aussie homeowners at last

An overwhelming 97 per cent of economists believe the Reserve Bank of Australia (RBA) will keep interest rates on hold at its monthly meeting later today.

03/09 ‘A noose’: Family’s impossible decision amid cost of living crisis

A family from Queensland have been forced to move into a shipping container after repayments on their mortgage became too high.

03/09 Rates relief for struggling homeowners

Australia’s bond markets are betting on a zero per cent chance of interest rates rising this week in great news for homeowners around the country, although they think future hikes are still very possible.

01/09 Aussies’ shock move as cost of living bites

Australians took out more loans to pay for travel and holidays in July than they have in five years, new data has revealed.

01/09 Baby Boomer had ‘boxes for bedside tables’ in $145k home

The great Aussie dream of homeownership seems to be getting further away for our youngest generations, with rising house prices, the cost of living crisis and soaring inflation some of the major issues facing Gen Zers and Millennials trying to get into the housing market.

31/08 Shock stat amid soaring interest rates

Sydney’s property market has surged back stronger after months of interest rate hikes kept downward pressure on prices, new data suggests.

30/08 Sign rate rise will be put on hold

Households are almost certain to be spared from another rate rise when the Reserve Bank meets next week after inflation eased amid falling consumer demand.

29/08 Albo reveals what keeps him up at nightt

Prime Minister Anthony Albanese has a lot to worry about, but the threat of global inflationary pressures are keeping him at night, he has revealed.

28/08 RBA’s gobsmacking act before rate rise

The Reserve Bank of Australia is under fire after reports showed it spent tens of thousands of taxpayer dollars on a board dinner in Hobart, just hours before increasing cash rates for the seventh time.