Laine Gordon

Fixed rates plunge to new record low of 2.09 per cent

Banks have launched a fixed home loan war, with ING set to offer the country’s lowest home loan rate at just 2.09 per cent, fixed for two years, available today.

CBA slashes small business rates, holds back on variable home loan customers

Australia’s largest bank, CBA, has confirmed it will not pass on today’s 0.25 per cent emergency cash rate cut to its variable rate customers.

RateCity reveals the banks offering the best deposit rates for pensioners

RateCity welcomes the deeming rate changes, unveiled today by the government, designed to boost the pension of almost 1 million Australians.

Banks welcome riskier lending back into the fold

The banks are increasingly taking the foot off the brake on home lending, particularly for ‘riskier’ loans, according to APRA’s quarterly banking figures out today.

The state of play, post RBA cut

Eighteen lenders have so far announced they will cut variable rates by up to 0.25 per cent, with all four big banks committing to passing the cut on in full.

RBA UPDATE: Big banks lead the rate cut charge

Australia’s two biggest banks, CBA and Westpac, have committed to passing on the full 0.25 per cent rate cut to their variable customers on the back of today’s emergency cash rate cut by the RBA.

RBA fires off an emergency rate cut, Westpac passes it on in full

The RBA has been forced to make an emergency rate cut today, slashing official rates to a new record low of 0.50 per cent.

Christmas shoppers give credit cards a workout

Australians spent $25.1 billion on their credit cards in December 2019 – $1.3 billion more than the previous year, according to today’s RBA figures.

First home buyers surge to decade high

Today’s ABS figures show first home buyers continue to make a comeback; reaching the highest level since December 2009, in seasonally-adjusted terms.

ANZ cuts home loan and deposit rates

ANZ Bank has today cut both home loan and deposit rates in the lead up to the RBA’s first meeting of the year.