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laine-gordon

Laine Gordon

Money Editor

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974 articles written by Laine Gordon

Home Loans

No end in sight: Westpac, ANZ hike fixed rates again

Big four banks, Westpac and ANZ, have both hiked fixed rates again today, as the cost of fixed rate funding continues to surge north.

laine-gordon

Laine Gordon -

14 Apr, 2022 -

4 min read

Home Loans

CBA hikes fixed rates by up to 0.90%

Australia’s largest bank, CBA, has today increased fixed rates by up to 0.50 percentage points for owner-occupiers paying principal and interest, but all the way up to 0.90 percentage points for some investors.

laine-gordon

Laine Gordon -

12 Apr, 2022 -

3 min read

Home Loans

Big banks update RBA forecasts – how high will interest rates now go?

Economists from all four big banks now believe the cash rate will start rising from May, with Westpac and NAB the last of the major banks to bring forward their forecasts.

laine-gordon

Laine Gordon -

07 Apr, 2022 -

4 min read

Credit Cards

Australia’s credit card debt rises for 4th month in a row

The national credit card debt has risen for the fourth month in a row to $17.44 billion, according to new data from the RBA today.

laine-gordon

Laine Gordon -

07 Apr, 2022 -

3 min read

Home Loans

Westpac closes the door on fixed rates starting with a ‘2’

Australia’s second largest bank, Westpac, has today hiked fixed rates for owner-occupiers and investors by up to 0.30 percentage points.

laine-gordon

Laine Gordon -

07 Apr, 2022 -

3 min read

Home Loans

3 in 4 borrowers will need to cut back expenses when RBA hikes rates

New research shows three in four borrowers will have to cut back their spending to meet the forecasted RBA hikes.

laine-gordon

Laine Gordon -

05 Apr, 2022 -

5 min read

Home Loans

Investors dip out of the market for the first time in 18 months

The value of new home loans dropped from its record high last month as investor lending posted its first drop since October 2020.

laine-gordon

Laine Gordon -

01 Apr, 2022 -

4 min read

Home Loans

Rate fever: Westpac slashes lowest variable, as its fixed rates soar

Competition in variable home loan rates is heating up with Westpac the latest big four bank to slash its lowest variable rate.

laine-gordon

Laine Gordon -

24 Mar, 2022 -

4 min read

Home Loans

Variable home loan competition heats up as NAB cuts to 2.19%

Competition in the variable home loan space is heating up, as NAB today trims its base variable rate by 0.10 per cent – but only for new owner-occupiers.

laine-gordon

Laine Gordon -

09 Mar, 2022 -

4 min read

Credit Cards

Worrying trend: Australia’s credit card debt rises for 3rd month in a row

The national credit card debt has risen for the third month in a row to $17.39 billion, according to new data from the RBA today.  

laine-gordon

Laine Gordon -

07 Mar, 2022 -

3 min read