It’s not just the colder weather Australians should prepare for. As the nation heads into winter, many people are about to pay more for electricity, health insurance and their student loan repayments. After months of climbing grocery prices and higher mortgage repayments for thousands of homeowners, health insurance premiums, HELPContinue Reading
In response to the nation’s escalating inflation rates, ANZ has revised its previous forecast, deeming a terminal cash rate of 4.1 per cent insufficient to address the issue. The bank now predicts that the Reserve Bank of Australia’s (RBA) terminal cash rate will need to be raised to 4.35 perContinue Reading
With yet more interest rate rises expected from the Reserve Bank, one of the country’s largest lenders has announced it will buck a “big four” trend. Source linkContinue Reading
Amid rising inflationary pressures, the Reserve Bank of Australia (RBA) finds itself at another juncture, contemplating the possibility of not one, but two additional cash rate increases in the coming months. According to leading economic research firm Capital Economics, the RBA may need to wield its monetary policy tools moreContinue Reading
The Reserve Bank governor says he’s not declaring victory in the war on inflation just yet, and denied that he’s engaged in a scare campaign on interest rates. Appearing before a Senate estimates hearing on Wednesday morning, Philip Lowe said he is acutely aware of the unpopularity of the centralContinue Reading
A plan to extend the stamp duty exemption threshold for first-time buyers in NSW has sparked a major issue – you’ll have to move out of the city. Sydney’s northern beaches, eastern suburbs, Baulkham Hills and the Hawkesbury are the most difficult areas for first-home buyers to purchase in, withContinue Reading
Home ownership is slipping down Australians’ list of financial priorities as people opt for paying for their dream lifestyle over their dream home. More than half of Australians (55 per cent) are listing financial independence as their number one priority, according to Insignia Financial’s Financial Freedom Report. Financial freedom isContinue Reading
Mortgage holders have been feeling the financial squeeze amid a campaign of interest rate rises from the Reserve Bank of Australia (RBA), which has put the official cash rate up in 11 of their last 12 meetings. Those who locked in historic low rates at the start of the Covid-19Continue Reading
Westpac will lower the stress test for homeowners looking to refinance in a bid to help borrowers avoid “mortgage prison”. Nearly 900,000 Australians who secured record low interest rates on a fixed term mortgage during the Covid-19 pandemic will have come off the rate and face significantly higher levels ofContinue Reading
Once upon a time, there was a land of sweeping plains, ragged mountain ranges and boundless cheap energy. That place no longer exists. In its place is a land of droughts and flooding rains that get worse every year with the most expensive energy in the world. It may beContinue Reading