Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

The Latest Breaking News from RateCity

Rate hike cycle claims $25,000 toll, say researchers

The average home loan borrower who hasn't refinanced has paid more than $25,000 extra since the start of the interest rate hiking cycle, research shows.

AAP

‘No buffers left’: borrowers turn to foodbanks as rate hike cranks up mortgage stress

Charities see a spike in calls with each rate rise, while loan arrears now outstrip energy bills as biggest issue say debt counsellors

The Guardian - AU

Australian property market may soon cool as rate hikes shrink borrowing capacity

Surge in population and faltering supply of new housing had held up Australia’s property market, but rising interest rates expected to cool prices

The Guardian - AU

From analysis to the latest developments in health,
read the most diverse news in one place.

Smaller lenders offer savers more than 5 per cent, in contrast to big four

Australians are being urged to consider “breaking up” with the big banks as smaller players rush to pass on higher savings rates.

The New Daily

‘Significant turnaround’ in Australian house prices defies predictions as demand rises

CoreLogic says if increase is maintained, prices will be 4% higher at the end of 2023, defying forecasts of falls of 10% or more

The Guardian - AU

Decision to lift interest rates influenced by higher-than-forecast rent increases, RBA says

Minutes from recent meeting say surprise call was ‘finely balanced’ and aimed at diminishing the risks of high inflation becoming entrenched

The Guardian - AU

‘Line ball’: Experts split as RBA mulls pivotal interest rates call amid rising mortgage stress

Experts are split on whether the Reserve Bank will return to hiking interest rates at its May meeting this week.

The New Daily

Read news from The Economist, FT, and more,
with one subscription

‘Now in reverse’: Big four banks slash refinancing discounts as profits come under pressure

Australia’s big four banks are reining in their biggest mortgage discounts as tight competition and record levels of refinancing eat into their profits.

The New Daily

Interest rates: How refinancing and saving are shaping up after the March hike

The Reserve Bank’s tenth interest rates hike in a row last week has sparked a flurry of fresh activity from lenders.

The New Daily

Reserve Bank closer to pause on rate rises: Philip Lowe

The latest rise in the official cash rate will make things even more difficult for families with mortgages, the treasurer has warned.

The New Daily

The Reserve Bank is tipped to raise interest rates again, even as some families struggle to meet higher home loan repayments

Australia's major banks expect the Reserve Bank will lift the cash rate to its highest level since May 2012 later today, but thousands of families like Le Tran's are already having to make sacrifices to make ends meet.

ABC News

Savers need to keep pressure on banks: RBA

Savers should switch to more competitive rates if banks aren't passing on cash rate hikes, the head of the Reserve Bank of Australia says.

AAP

How to recover from a festive season financial hangover

The holiday season comes with a flood of sales – but these specials could tempt cash-strapped Australians into financial distress.

The New Daily

Get the best deal on your mortgage after a year of interest rate hikes

There’s been no shortage of pain for Australian home owners this year as the fastest interest rates hikes in decades hit families.

The New Daily

Get all your
news in one place.

100’s of premium titles.
One news app.

The New Daily

The best and worst gift cards at Bunnings, Kmart, JB Hi-Fi, Amazon and more this Christmas

Looking for a last minute holiday gift this year? Gift cards are a popular option for those tight on time, but buyer beware.

AAP

Lenders tempting borrowers to jump ship

Three of the big four lenders are pulling out all the stops to attract new customers by offering discounted deals and cash sweeteners.

AAP

RBA hikes rates in fight to tame inflation

The Reserve Bank has increased interest rates by another 25 basis points, locking in more mortgage pain for Australians over summer.

The Guardian - AU

RBA tipped to lift cash rate again at board meeting as mortgage cliff looms

Economists widely predict 25 basis point rise but some say central bank may consider pausing rates after seven straight hikes

Get all your
news in one place.

100’s of premium titles.
One news app.

ABC News

Credit card debt top issue for Australians calling the National Debt Helpline

Brooke Haebich is worried about her credit card debt. She is one of the many Australians who have contacted the National Debt Helpline this year.

The Guardian - AU

Rate rise expected on Melbourne Cup day likely to be followed by higher inflation outlook

Two of Australia’s biggest banks predict the Reserve Bank will revise the inflation rate to 8% – the highest since March 1990

The Guardian - AU

Fixed or variable? A look at how home loan rate options across Australia stack up

After crunching the numbers, it’s clear that mortgage holders shouldn’t just do nothing, says RateCity’s head of research

ABC News

Which banks are passing on the interest rates to borrowers? What about savers?

The major lenders were quick to pass on the interest rate rise to mortgage holders, but only certain savers will see the benefits of the Reserve Bank of Australia's latest hike.

The Guardian - AU

Interest rates rise again as Reserve Bank lifts cash rate to 2.6%

RBA on Tuesday raised its cash rate 25 basis points as it seeks to stifle inflation

ABC News

Reserve Bank set for another double-sized interest rate rise as borrowers brace for pain

The average mortgage borrower will be paying $760 a month more than they were just five months ago, if the Reserve Bank hikes interest rates as expected today, with existing borrowers slugged harder than newer customers.

AAP

RBA lifts cash rate by 25 basis points

The Reserve Bank of Australia has finally taken its foot off the accelerator and slowed the pace of tightening after a series of jumbo rate hikes.

1 2

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

Reserve Bank of Australia

The Commonwealth Bank

32 stories

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.