Credit card debt back on the rise, as people struggle to clear their bills

Australian households have given their credit cards a workout this month, with the value of transactions and debt attracting interest now on the rise.

CBA announces RBA hikes: how the big four now stack up

CBA is the last of the big four banks to announce it will be passing on the 0.25 percentage point RBA hike to its variable mortgage customers, effective 16 December.

Westpac, NAB and ANZ announce RBA hikes

Westpac, NAB and ANZ have all announced they will be passing on today’s 0.25 percentage point RBA hike in full to variable mortgage rates.

Variable mortgages to rise by another 0.25% - refinancing could save tens of thousands

The Reserve Bank has today increased the cash rate by 0.25 percentage points to 3.10 per cent, the highest level in over a decade.

Another 0.25% RBA hike likely tomorrow – how high could repayments go?

The Reserve Bank is tipped to hike the cash rate again tomorrow by 0.25 percentage points, taking it to 3.10 per cent – the highest rate in over a decade.

Home lending continues to slide as rate hikes take their toll

The value of new home loans being approved dropped for the ninth month in a row, as Australia’s cash rate rises take their toll on the home lending market.

CBA slices new customer variable rates as fixed rates continue to climb

CBA has turned up the heat on competition in the variable mortgage market by slicing rates, yet again, in a bid to win new business.

Cash rate pause now a live option, but 0.25% hike most likely on Tuesday

The Reserve Bank is likely to be weighing up whether to raise the cash rate by another 0.25 percentage points next week, or hit pause in December, following today’s drop in annual inflation figures.

ANZ cuts new customer variable rates as existing borrowers face 8th hike in 8 months

ANZ has today cut the rates on its basic home loan for new customers, as existing variable borrowers face their eighth hike in as many months.

BNPL industry to face tougher regulation, as survey finds users still falling into strife

RateCity.com.au welcomes the government’s move to regulate the burgeoning buy now, pay later sector, and warns any change must protect people from accessing multiple debts they can’t afford to repay.