The RBA calls for ‘time out’ but the hikes unlikely to be over

The Reserve Bank has left the cash rate at 4.10 per cent today, hitting the pause button for just the second time since April 2022.

The great cashback escape: 8 banks drop their deals in one day

Just 15 lenders are now offering cashback deals, down from a record high of 35 in March 2023.

Refinancing bounces back after hitting a near record high

Refinancing bounced back in the month of May, increasing by $1.58 billion to a total of $20.97 billion – the second highest monthly value for external refinancing on record.

52% increase to borrowers’ biggest monthly expense: what a rate hike tomorrow will look like

A borrower with a $500,000 loan at the start of the hikes could see their biggest monthly expense rise by a total of $1,211 if the cash rate goes to 4.35 per cent tomorrow.

Savings rates could hit 6% by August as deposits hit a new record high

 A total of 12 banks are now offering ongoing savings rates of 5 per cent or more, with two banks leading the charge with rates of 5.50 per cent.

CPI comes in lower than expected but rate pause not out of the question

Australia’s Monthly Consumer Price Index Indicator has dropped to an annual rate of 5.6 per cent for May, down from 6.8 per cent recorded in the previous month.

Changes afoot across housing, energy and super from 1 July 2023 – what it means for your hip pocket

A raft of changes are coming into effect from 1 July, as new policies, prices, thresholds and eligibility criteria move into the new financial year.

The hikes keep on coming: CBA and Westpac increase new customer rates… again

Australia’s two biggest home loan lenders, CBA and Westpac, have increased new customer variable rates by up to 0.15 percentage points.

CBA follows Westpac by slashing stress test for refinancers – with a catch

Australia’s biggest bank, CBA, has announced it will lower the stress test on select refinance applications from 3 percentage points to just 1 percentage point.

Westpac bows to pressure, announcing savings rates hikes

Westpac has this afternoon announced it will be increasing the rates on select savings accounts, effective 20 June, following last week’s RBA rate hike announcement.