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. The Australian Bureau of Statistics revealed on Wednesday that inflation fell from 5.6 per cent to just 4.9 per cent, according to the monthly
A proposal to let mortgage holders raid their superannuation to help shoulder the burden of steep interest rate rises has been savaged by experts. Liberal Senator Andrew Bragg today pitched his idea of letting homeowners shift chunks of money from their super into offset accounts linked to their home loans.
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 rates by 0.25 per cent per annum from November 17, the bank
One 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. Adelaide Bank, part of the ASX-listed Bendigo and Adelaide Bank, announced on Wednesday it would increase its fixed-rate
Reserve Bank governor Michele Bullock has dealt a fresh blow to borrowers with a 13th interest rate rise while cautioning that inflation will be higher in 2024 than previously expected. Ms Bullock said Tuesday’s decision to lift rates by 25 basis points to 4.35 per cent was necessary as progress
Aussie home buyers are needing nearly double the average full time salary to be able to afford a home, with the pain only increasing after the national reserve bank hiked the cash rate again. The latest Finder research revealed the minimum household income required to afford the mortgage average Australian
Rising fuel prices, insurance premiums and interest rates are contributing to an increase in living costs for many households, according to the latest data from the Australian Bureau of Statistics. But it is Australian workers who are suffering the most in the cost of living fight. Households with workers had