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
Borrowing power shrinks by almost $250K after 12 RBA hikes
Rapidly rising interest rates could see the average family’s maximum borrowing capacity shrink by $247,700, compared to April last year, once the latest RBA hike takes effect.
Laine Gordon -
09 Jun, 2023 -
3 min read
Turning to the plastic – credit card use at its highest since 2021
RBA credit card data has revealed Australians are turning to the plastic at levels not seen since August 2021, with total credit card debt accruing interest hitting $17.76 billion in April.
Laine Gordon -
07 Jun, 2023 -
3 min read
Risky lending plummets but offset balances continue to climb, despite rate hikes
The value of new home loans with risky levels of debt has plummeted, according to new data released by APRA yesterday.
Laine Gordon -
07 Jun, 2023 -
3 min read
Westpac hikes mortgage rates by 0.25%, stays quiet on savings accounts
Westpac has announced it will pass on the latest 0.25 percentage point RBA hike to its variable mortgage customers.
Laine Gordon -
06 Jun, 2023 -
2 min read
RBA hits keep coming – cash rate now enters the ‘4s’
The cash rate will climb into the ‘4s’ with the RBA announcing the nation’s twelfth cash rate hike since May 2022.
Laine Gordon -
06 Jun, 2023 -
5 min read
Refinancing takes a $2 billion hit – but heat not out just yet
The value of refinanced loans took a tumble in April, recording a $2 billion drop compared to the previous month.
Laine Gordon -
02 Jun, 2023 -
5 min read
It’s not over yet – ANZ ups cash rate call to peak at 4.35%
ANZ’s economic team has today revised its forecasted cash rate peak to 4.35 per cent - the highest of the big four banks predictions – with one rate rise expected in June or July, and another in August.
Laine Gordon -
02 Jun, 2023 -
3 min read
Competition in the savings sector heats up as more accounts climb above 5 per cent
A total of five banks now offer at least one ongoing savings rate above 5 per cent, as competition in the savings sector continues to heat up.
Laine Gordon -
01 Jun, 2023 -
5 min read
More rate rises on the cards as inflation proves hard to tame
The Reserve Bank could deliver a further 0.25 percentage point hike in the next few months, potentially as early as next Tuesday, after today’s CPI figures confirmed inflation has remained stubbornly high in some categories.
Laine Gordon -
31 May, 2023 -
3 min read
Dropping like flies: ING follows big bank rivals in axing cashback
ING has today announced it will be ending its $3,000 cashback for refinancers on 30 June.
Laine Gordon -
29 May, 2023 -
4 min read