Laine Gordon
Money Editor
Laine Gordon is the Money Editor at RateCity and an experienced journalist and research specialist. With a background in news and feature writing, covering finance, media and even food (a passion of hers) at Reed Elsevier publications, Laine brings almost two decades of experience to the team. Having covered major areas of interest to the general public from hip pocket issues to rising and falling interest rates and the impact to mortgages, credit and saving in Australia, she is passionate about researching and telling people’s stories to help others make better decisions about their own finances.
968 articles written by Laine Gordon
RBA to hold, borrowers should plan for the worst and pocket the savings
The Reserve Bank of Australia is expected to keep the cash rate on hold at 4.35 per cent for the seventh consecutive meeting, after last week’s labour force figures landed stronger than expected.
Laine Gordon -
24 Sep, 2024 -
4 min read
Westpac, ANZ adjust savings rates
Westpac has adjusted the rates on its Life savings accounts, dropping the base rates by 0.15 percentage points and lifting the bonus rates by the same amount.
Laine Gordon -
20 Sep, 2024 -
4 min read
Mortgage arrears on the rise as savings in offsets decline
The value of home loans in arrears by 30 to 89 days has risen for the seventh consecutive quarter, as borrowers struggle to keep on top of repayments.
Laine Gordon -
13 Sep, 2024 -
5 min read
New lending jumps by $1.2 billion in July
The total value of new home loans approved in the month of July was $30.58 billion – with $1.2 billion more loans settled compared to the previous month, according to ABS Lending Indicator data.
Laine Gordon -
06 Sep, 2024 -
5 min read
Household deposits hit $1.5 trillion: APRA
Australians squirrelled away an extra $30.81 billion in the month of July, as deposits from households hit another record high.
Laine Gordon -
30 Aug, 2024 -
4 min read
CPI indicator drops for 2nd month in a row
The monthly Consumer Price Indicator has clocked in at 3.5 per cent in the year to July, dropping from 3.8 per cent in June – the second monthly drop in a row.
Laine Gordon -
28 Aug, 2024 -
4 min read
BOQ matches ING for highest ongoing savings rate at 5.50%
Bank of Queensland has announced an increase to its Future Saver account, with a new rate of 5.50% from 16 June. This increase puts it on par with ING’s Savings Maximiser. Both now have the highest ongoing savings account rates in the market.
Laine Gordon -
13 Jun, 2023 -
2 min read
New highest ongoing savings rate hits 5.50%
ING has announced it is increasing the maximum rate on its Savings Maximiser by 0.25 percentage points to 5.50 per cent in two days’ time.
Laine Gordon -
12 Jun, 2023 -
4 min read
NAB announces rates hikes – how the big four banks now stack up
NAB is the last of the big four banks to announce it is passing on Tuesday’s cash rate hike to variable mortgage holders in full, effective 16 June.
Laine Gordon -
09 Jun, 2023 -
5 min read
CBA and ANZ hike mortgage rates but ANZ leaves savers in the cold
CBA will be passing on the full hike to all three of their key savings accounts. As a result, the highest ongoing savings rate from Australia’s biggest bank will be 4.65 per cent for all adults, while YouthSaver customers will get 4.75 per cent, provided they meet the bank’s terms and conditions.
Laine Gordon -
09 Jun, 2023 -
6 min read