The Latest Breaking News from Canstar

RAYMOND Terrace is predicted as one of the top 10 locations in regional NSW to purchase property in 2023.

Homeowners who have been enjoying an ultra-low fixed-rate mortgage may be in for a shock when it comes time to refinance, with experts predicting some recent buyers will find themselves trapped in a "mortgage prison".

As the economic outlook became more uncertain, lenders are competing harder for new customers, providing a good opportunity for home buyers with large deposits and owners who have paid off a sizeable portion of their property.

With the RBA and other central banks winding up cash rates, term deposit rates and even interest rates on savings accounts have started to rise. 

Households struggling with loan repayments are ‘looking at a deep hole, incomes are not rising but costs are’

The Reserve Bank's cash rate hike may be doom and gloom for mortgage borrowers, but Inge Meldgaard is hopeful that higher rates will boost earnings from her savings.

RBA governor Philip Lowe jacked up the cash rate by a surprise 50 basis points on Tuesday. But savers are unlikely to benefit much in the short term.

Be prepared to switch lenders, cut other spending, potentially fix your loan and, if all else fails, seek help

The numbers of first home buyers have dropped by a third, scared off by rising prices and stagnant wages.