RBA interest rates

A hefty dose of RBA financial therapy

- February 9, 2024 3 MIN READ

A tumultuous week for finance nerds like me who for years have excitedly marked the first Tuesday of the month in our calendars as “Reserve Bank Board Meeting Day”. This week was the last RBA board meeting on the first Tuesday of the month… the next one will be Tuesday March 19 as the RBA… Read more »

Government and home loans

My challenge to the government to ensure you get the best deal on your home loan

- February 9, 2024 3 MIN READ

Interest rates may be on hold after this week’s RBA board meeting but thousands of homeowners are still paying more for their home loan because they have fallen onto so-called “back-book” rates. Back-book rates are where existing loyal customers are being charged a higher interest rate than new “front-book” customers. That difference is as much… Read more »

Interest rates on hold

No more rate hikes — but they won’t come down anytime soon

- February 2, 2024 3 MIN READ

For weeks I’ve been pointing toward Wednesday’s December quarter Consumer Price Index (CPI) announcement as being crucial to setting the tone for interest rates this year.  Well, the result was really encouraging and basically signalled the top of this interest rate cycle. The headline CPI rose 0.6 per cent for the December quarter and 4.1… Read more »

RBA keeps interest rates steady

Business as usual at the RBA

- October 6, 2023 3 MIN READ

RBA Board meeting week and it was steady as she goes. A change in RBA Governor from Philip Lowe to Michele Bullock made no difference at all… and I suspect that was the point. There was all sorts of talk in the lead up to the meeting about whether Michele would stamp her own unique… Read more »

Is this the end of interest rate rises?

Is this the end of interest rate rises?

- July 7, 2023 3 MIN READ

Yes, it’s that time of the month when the Reserve Bank decides your mortgage repayments. This time they’ve given us a breather. On Tuesday, the RBA kept official interest rates on hold at 4.1 per cent. BUT (yes, I deliberately put this in capitals) don’t think this is the end of the rate hike cycle.… Read more »

Increase your borrowing capacity with these tips
Your Money

How to boost your borrowing capacity as interest rates rise

- March 24, 2023 4 MIN READ

Yes, rising interest rates stealthily reduce your borrowing capacity. Fortunately there are a few simple things you can do to increase it. I’ve talked about this a few times over the last couple of months. Not only do rising interest rates increase loan repayments, they also reduce your borrowing capacity because the so-called “serviceability test”… Read more »