RBA Governor Michele Bullock has firmly dismissed any notions that recent positive inflation figures would precipitate an early interest rate cut. While inflation has dropped to its lowest since the …
Cost of Living
- Finance
- Finance
No respite for aspiring first-home buyers as regulator maintains buffer rate at 3 per cent.
by adminAustralia’s banking regulator, APRA, has declined to reduce the serviceability buffer for new mortgages, maintaining it at 3 per cent despite calls from the Australian Banking Association, NAB, ANZ, and …
-
Westpac has revised its forecast for the first cash rate cut, now expecting it in May 2025 instead of February. This update aligns with NAB’s recent predictions. In a positive …
- Finance
Australians Are Feeling the Pinch: Increased Income Required to Cover Rent and Mortgage Payments
by adminA recent report from ANZ and CoreLogic highlights the escalating financial burden Australians face regarding housing costs. On average, households earning around $101,000 are now dedicating an unprecedented 33% of …
- Finance
Going Nowhere: CBA Delays Rates Cut Predictions Despite Strongest Inflation Data in Years
by adminThe Commonwealth Bank of Australia (CBA) has revised its forecast regarding interest rate cuts by the Reserve Bank of Australia (RBA) and no longer expects a reduction before December 2024. …
- Finance
ANZ Lowers Fixed-Rate Home Loans for Select Customers, Raises Rates on ‘High-Risk’ Offers
by adminANZ has made another adjustment to its fixed home loan interest rates, becoming the final major bank to lower these rates. However, the new, reduced rates are only available to …
-
A Perth mother of four expressed her anger after a $450 online grocery order with Coles resulted in an unexpected charge of $504.70 due to Western Australia’s different timezone. The …
-
Hannah Armstrong, a 29-year-old woman from Victoria, grew up in a family dedicated to frugality, thanks largely to her mother, Cath Armstrong, who founded the ‘Cheapskates Club’ to share money-saving …
-
As the cost of living continues to rise, the traditional Australian social custom of buying rounds at the pub is on the decline, sparking the phrase “the death of the …
-
The burning question across Australia, especially for the 3.2 million mortgage holders facing a collective debt of $2.2 trillion, is: what will happen to interest rates? Predicting these rates has …
