Diverging data sends mortgage rates on a roller-coaster
Smaller lenders led the mortgage movements in the new financial year, which saw variable and fixed rates waver amid...
Which banks changed term deposit rates in the first week of July?
Macquarie, ING and mutual banks such as Teachers Mutual and Bank Australia moved rates north on a handful of term deposits.
Boost in dwelling approvals in May kicks off government’s 5-year housing target
The race to house the nation received a minor boost as approvals for new residential properties rose in May, but the levels are still below the ideal run rat...
RBA Board debated rate hike at June meeting, case for hold wins
The Reserve Bank of Australia considered the possibility of raising the official cash rate at its meeting in June, ...
Homeowners gain another $59k wealth boost from rising home values
Australian homeowners ended the 2023/24 financial year $59,000 richer after housing prices climbed to a fresh record in June.
Term deposit rates move north as potential cash rate hike looms
More term deposit providers have moved their rates up to the 5% space this week as odds shift towards another RBA c...
Australia’s inflation rate jumps to 4% in May, faster than expected
Consumer prices in Australia rose faster than expected in May, delivering another blow to Australian households pinning their hopes on interest rate cuts thi...
All WA households to receive $700 energy credit
Every West Australian gets hundreds off their power bills next month under the state’s new cost of living ene...
Scant term deposit movements following RBA cash rate hold
Hardly any term deposit providers adjusted rates in the same week as RBA’s cautious non-movement.
...Bankwest dumps complimentary travel insurance on credit cards
From 3 September, Bankwest will no longer offer complimentary travel insurance on its Zero Platinum Mastercard.
More capital cities join the million-dollar housing market
House prices in Brisbane and Adelaide are on track to hit the $1 million mark by the end of FY25 on the back of sus...
Cash rate hold extended as RBA assesses further risks to inflation
The Reserve Bank of Australia (RBA) has delivered a broadly expected cash rate hold at the end of its two-day polic...
Mutual banks lift variable mortgage rates
Just as when variable mortgages were moving down in previous weeks, the trend returns upwards with more lenders unv...
Some juicy new term deposit rates on offer as banks up the ante
Last week was marked by major players changing interest rates on term deposits, but the more interesting stuff came this week, with a few juicy rates on offe...
Is the tough mortgage market worth crowing about, or are we returning to 'normal'?
The RBA's 'higher for longer' cash rate mantra has led to many borrowers feeling the pain, as indicated in APRA's latest banking statistics.
Australia’s unemployment rate slightly dips in line with seasonal shifts
The unemployment rate lowered to 4% as more Aussies found and returned to work last month, according to the Austral...
Major bank revises RBA rate cut call amid economic shifts
ANZ has officially ruled out any chance that the RBA will deliver relief to Australia's mortgage belt, following the latest revision of its rate cut call.
Australian residential property market values hit another record high
The nation’s residential real estate is less than $300 billion away from hitting the $11 trillion mark, data ...
Stamp duty savings of up to $17k for Queensland first home buyers under new threshold
First home buyers at the threshold in Queensland would save as much as $17,350 following the state government’s announcement to expand the first homeow...
Big banks alter term deposit rates ahead of RBA cash rate update
Two big banks unveiled new rates on their term deposits ahead of the RBA’s upcoming cash rate update. ...
Bank First, MyState, and IMB alter home loan rates
With the RBA monetary policy board meeting looming large on 18 June, and conflicting economic data swirling around, this week was a quiet one in terms of mor...
Deep in per-capita recession, Australia’s economy stalls in the March quarter
Australia is knee-deep in per-capita recession as its economic growth further slowed to a crawl, national accounts data released by the ABS showed.
Stamp duty axed for eligible first home buyers in SA, but construction and supply still the big question mark
First home buyers in South Australia will no longer need to pay stamp duty on new homes after the government abolis...
Banks unveil key changes to savings accounts: A sign of more to come?
Aussie savers will have to jump through more hoops to earn the bonus interest offered by NAB’s UBank followin...
