EXPLAINED: Ratecity | Vintage Vibes

Rate hike cycle claims $25,000 toll, say researchers

The average home loan borrower who hasn't refinanced has paid more than $25,000 extra since the start of the interest rate hiking cycle, research shows.

AAP · Dec 8, 2023

‘No buffers left’: borrowers turn to foodbanks as rate hike cranks up mortgage stress

Charities see a spike in calls with each rate rise, while loan arrears now outstrip energy bills as biggest issue say debt counsellors

The Guardian - AU · Nov 10, 2023

Australian property market may soon cool as rate hikes shrink borrowing capacity

Surge in population and faltering supply of new housing had held up Australia’s property market, but rising interest rates expected to cool prices

The Guardian - AU · Nov 9, 2023

‘Now in reverse’: Big four banks slash refinancing discounts as profits come under pressure

Australia’s big four banks are reining in their biggest mortgage discounts as tight competition and record levels of refinancing eat into their profits.

The New Daily · Apr 14, 2023

Interest rates: How refinancing and saving are shaping up after the March hike

The Reserve Bank’s tenth interest rates hike in a row last week has sparked a flurry of fresh activity from lenders.

The New Daily · Mar 12, 2023

Reserve Bank closer to pause on rate rises: Philip Lowe

The latest rise in the official cash rate will make things even more difficult for families with mortgages, the treasurer has warned.

The New Daily · Mar 7, 2023

The Reserve Bank is tipped to raise interest rates again, even as some families struggle to meet higher home loan repayments

Australia's major banks expect the Reserve Bank will lift the cash rate to its highest level since May 2012 later today, but thousands of families like Le Tran's are already having to make sacrifices to make ends meet.

ABC News · Mar 6, 2023

Savers need to keep pressure on banks: RBA

Savers should switch to more competitive rates if banks aren't passing on cash rate hikes, the head of the Reserve Bank of Australia says.

AAP · Feb 17, 2023

How to recover from a festive season financial hangover

The holiday season comes with a flood of sales – but these specials could tempt cash-strapped Australians into financial distress.

The New Daily · Dec 26, 2022

Get the best deal on your mortgage after a year of interest rate hikes

There’s been no shortage of pain for Australian home owners this year as the fastest interest rates hikes in decades hit families.

The New Daily · Dec 22, 2022