Laine Gordon

Worrying trend: Australia’s credit card debt rises for 3rd month in a row

The national credit card debt has risen for the third month in a row to $17.39 billion, according to new data from the RBA today.  

Going, going, gone – are Australia’s biggest property bubbles finally about to burst?

The median property price in Sydney could drop by $146,651 by the end of next year, according to RateCity.com.au analysis of CBA’s new housing market forecasts.

CBA hikes fixed rates for the second time in 18 days

Australia’s largest bank, CBA, has increased fixed rates for the second time in less than three weeks, with hikes up to 0.25 per cent.

Westpac doubles down with the second round of fixed rate hikes this year

Australia’s second largest bank, Westpac, has today hiked fixed rates for owner-occupiers and investors.

ANZ follows big banks by hiking fixed rates

Australia’s fourth largest bank, ANZ, has today hiked fixed rates for owner-occupiers and investors by up to 0.40 per cent.

CBA hikes fixed rates by up to 0.20%

Australia’s largest bank, CBA, has today hiked fixed rates by up to 0.20 per cent for owner-occupiers and investors.

Over 1.1 million households have never had an RBA rate hike

Analysis of data out today shows more than 1.1 million Australian households have never experienced a cash rate hike. 

Borrowers could pay $427 a month more in 2 years, if Westpac forecast realised

The average mortgage holder could end up paying $103 more in monthly repayments on their home loan by the end of this year, and $427 a month more by March 2024, should Westpac’s cash rate forecast be realised. 

ANZ cuts its basic variable rate in a bid for new customers

Australia’s fourth largest bank, ANZ, has today cut rates on its basic variable home loan by up to 0.20 per cent.

Australia’s lowest fixed rate of 1.59% is now gone: what’s in store for 2022?

The lowest fixed home loan rate on record has hiked today, ending an era for ultra-low rates.