The RBA has hiked the official cash rate to 3.60%, its highest point since May 2012, as mortgage stress worsens across the country.
interest rates
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Australian mortgage holders are paying a high price for their loyalty, with lenders saving their best rates for new customers.
"I know it's really hard for people to have to pay more on their mortgages, but it'll be harder if inflation gets too high," says RBA governor Philip Lowe.
The RBA lifted the official cash rate by 25 basis points to 3.35% at its first board meeting of 2023, with the ninth consecutive increase pushing the cash rate to its highest point since September 2012.
If anxiety over soaring interest rates has you staring at your bedroom ceiling at 3am, you're not alone.
Stake goes from free to fee, and borrowers wise up to 0.5% loyalty tax. Here are five things you may have missed.
Is your fixed rate mortgage set to expire this year? It's time to start talking to your lender about what your new repayments could look like.
The headlines are full of rising interest rates, soaring inflation and talk of a recession, so just how worried should you be?
Families race to exit expensive schools, and one simple step could quadruple your savings rate. Here are five things you may have missed this week.
With savings account interest rates at their highest levels since 2014, here's where you can get the best bang for your buck in the bank.
