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
Westpac axes cashback, hikes new customer rates
Westpac has today announced it will be ending its $3,500 cashback for refinancers on 30 June as it pulls out of the chase for new customers.
Laine Gordon -
26 May, 2023 -
5 min read
NAB hikes new customer variable rates for the 3rd time in 3 months
NAB has today increased the rate on its advertised basic variable home loan by 0.10 percentage points, but only for new customers with big deposits.
Laine Gordon -
23 May, 2023 -
3 min read
Jail break: Westpac slashes stress test for select borrowers in mortgage prison
The Westpac Group has today announced it will be lowering the stress test on select refinance applications in a bid to help borrowers out of mortgage prison.
Laine Gordon -
19 May, 2023 -
6 min read
Reality bites: some borrowers left with as little as $57 a day
People who bought in the last couple of years and borrowed at capacity are set to plunge further into mortgage stress when the eleventh RBA hike hits their bank accounts.
Laine Gordon -
15 May, 2023 -
6 min read
CBA hikes select new customer rates beyond RBA + NAB drops cashback after 30 June
Existing borrowers with a CBA, NAB or ANZ variable home loan will see their interest rates rise by 0.25 percentage points today, as the RBA’s May hike takes effect.
Laine Gordon -
12 May, 2023 -
5 min read
New highest ongoing savings rate hits 5.30%, but it’s not for everyone
Bank of Queensland has today announced it will increase the maximum rate on its Future Saver by 0.15 percentage points to 5.30 per cent, effective Friday.
Laine Gordon -
10 May, 2023 -
3 min read
Too hot to handle: CBA dumps its cashback as home loan competition caps out
Australia’s largest bank, CBA, has today announced it’s discontinuing its $2,000 cashback offer from 1 June, in a further sign competition in the mortgage market is becoming too hot to handle.
Laine Gordon -
09 May, 2023 -
5 min read
$8.6 million a day: credit card debt drops but Australians still forking out millions
Credit card debt accruing interest has dropped for the first time in six months, however, at $17.73 billion, the total bill is causing havoc on many Australians’ finances.
Laine Gordon -
09 May, 2023 -
3 min read
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 12 May.
Laine Gordon -
05 May, 2023 -
4 min read
Westpac and ANZ announce RBA hikes: what it means for homeowners and savers
Westpac and ANZ have today announced they will pass on Tuesday’s 0.25 percentage point RBA hike to mortgage customers. Both banks have also announced increases for select savings customers, but not all.
Laine Gordon -
04 May, 2023 -
4 min read