Laine Gordon

Big banks update RBA forecasts – how high will interest rates now go?

Economists from all four big banks now believe the cash rate will start rising from May, with Westpac and NAB the last of the major banks to bring forward their forecasts.

Australia’s credit card debt rises for 4th month in a row

The national credit card debt has risen for the fourth month in a row to $17.44 billion, according to new data from the RBA today.

3 in 4 borrowers will need to cut back expenses when RBA hikes rates

New research shows three in four borrowers will have to cut back their spending to meet the forecasted RBA hikes.

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.  

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.

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. 

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.

Gift cards: the naughty and nice list this Christmas

RateCity.com.au has today revealed its annual ‘naughty and nice’ gift card list, with nearly one in three Australians estimated to buy gift cards this Christmas. 

Australia’s biggest bank hikes fixed rates 4 times in 2 months

Australia’s largest bank, CBA, has increased fixed rates for owner-occupiers and investors for the fourth time in just over two months.