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This week’s quarterly inflation figures are the lowest since September 2021. After last week’s very low unemployment figure, we knew this week’s quarterly inflation figure would play a critical role in the next RBA decision… it had to offset the tight labour market. And it did. The June quarter CPI was 0.8 per cent and… Read more »
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 »
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 »
Existing bank home loan customers are being financially screwed like never before. But it’s up to you to fight with your bank. For example, if someone took out one of the big four banks’ lowest variable rates this time just last year they would now be on a rate that is, on average, 0.44 per… Read more »
A big week for getting a temperature on the economy leading into Tuesday’s RBA interest rate decision… and that pesky Aussie inflation figure looks to be heading in the right direction. Consumer prices, CPI, rose 0.2 per cent in October and 6.9 per cent over the year, which is slowing down and came in well… Read more »
Everyone wants to get the best possible interest rate from their bank. And this is the best home loan bargaining tool you’ll ever get. Okay, listen up if you have a home loan or know someone with a mortgage. I constantly encourage you to negotiate with your financier to get a better deal, to ask… Read more »
Here are two clear signs that things are looking pretty good for the Australian economy right now. 1. We’re coping with the interest rate increase impact on our home loans When Westpac declared their disappointing earning result this week – which hammered its share price – I was interested in the page summarising the state… Read more »
When it comes to money, this week was ruled by Central Banks and interest rates. The Reserve Bank (RBA) on Tuesday and the US Federal Reserve (the Fed) yesterday morning. Big decisions… big reactions. So first our Reserve Bank’s decision to lift official interest rates by another 0.25 per cent to 2.85 per cent. That’s… Read more »
As the dust has now settled after last week’s interest rate hike by the Reserve Bank, economists have been reassessing just how many more hikes are to come in this interest rate cycle. Three of the big four banks have revised their forecasts, after the lower than expected 0.25 per cent RBA October rate hike.… Read more »
The big four are always quick to raise their home loan rates, but really drag their feet to reward savers. Here’s where to find the best savings rates. All of the big four banks have hiked their variable home loan rates by 0.5 per cent after the latest RBA increase, but not all their savers… Read more »
