Property price rollercoaster – national house prices could drop $150K by 2023

The national median house price could drop by $150,518 by the end of next year, according to RateCity.com.au analysis of ANZ’s new property price forecasts.

CBA, NAB and ANZ raise mortgage rates but not all savers get the full hike

Three of the big four banks have today hiked their variable mortgage rates by 0.50% but not all their savers have seen the benefit of the full RBA rate rise.

Macquarie increases mortgage and savings rates following RBA hike

Macquarie Bank is the first major lender to announce it will pass on the full double RBA hike to borrowers and savers.

Say goodbye to variable rates under 3% as the RBA hikes by another 0.50%

Households are now facing the fourth cash rate rise in as many months. Variable mortgage rates under 3% are likely to disappear after the RBA today increased the cash rate by another 0.50%.

Mortgage repayments could rise by almost $500 a month if RBA hikes again tomorrow

The average home loan borrower could be paying almost $500 extra a month on their mortgage in total, if the RBA hikes by 0.50 percentage points tomorrow.

ANZ cuts variable rates - but only for new customers

ANZ has cut new customer variable rates by 0.50 percentage points, in the same month existing customers rates rose by half a percent following the RBA hike.

More rate pain on the way for borrowers as inflation soars

With annual inflation rising to 6.1 per cent today, another double hike from the RBA next week looks almost certain.

Digital arms race ramps up as Westpac announces 10 minute home loans

Launching later this year, the simplified digital process will be available for select customers applying for Westpac’s basic Flexi First Option mortgage.

Westpac and NAB now expect two more back-to-back 0.50% RBA hikes

All big four banks now unanimously predict there will be two more 0.50 percentage point RBA hikes in both August and September.

Competition forces savings rates up as Westpac and NAB hike

In a much-needed boost for savers, big four banks, Westpac and NAB, have today hiked rates on their popular saving accounts.