Horror reality in Australian mortgage crisis
An upsetting reality awaits millions of Aussies working to own their own home outright, with one expert sharing a surprising insight.
Interest Rates
Surprising reason for ASX’s sudden spike
The ASX 200 finished the week strongly off the back of surging commodity stocks and an unexpected business partnership
Why Aussie house prices have dropped
National house prices have dropped for the first time in two years, with one state leading the downward pressure.
Aussie dollar falls to Covid low
The Australian dollar has fallen to a near-five-year low that is the worst seen since Covid.
Can’t blame young Aussies for fleeing country
Aussies are making the difficult choice of leaving, as high house prices see them look for cheaper alternatives overseas.
Grim warning for Australia’s living standards
Aussies are getting poorer and it seems unlikely to change in the near future – but it may not be all bad news, according to industry figures.
Falling Aussie dollar could halt rate cut
A weakening Aussie dollar could see import prices rise, adding further pressure on the RBA to hold rates higher, experts have warned.
‘Further back’: Bad news for Aussies in 2025
Experts have offered their outlooks for the economy in 2025, and while there’s some good news, there will be continued pain to come for many.
Fresh blow for would-be homeowners
The International Monetary Fund has poured cold water on a key housing policy which would make it easier for first-home buyers to get a loan.
RBA’s major clue on next rates decision
Struggling Aussie homeowners could get a rate cut sooner rather than later as the Reserve Bank says it is “increasingly confident” about a reduction.
Ray of hope emerges for Aussie economy
A new outlook has forecast the Australian economy is on a “narrow path to a soft landing” and is tipped to improve next year – but there’s a major catch.
ASX snaps grim days-long losing streak
The ASX has surged back and broken a days-long losing streak – after better than expected inflationary data out of the US sent markets higher around the world.
Major change to Aussie cash revealed
A major change to Aussie cash could be on the cards – which would essentially keep cash in the Australian system despite the dominance of card payments.
Grim update as ASX sell-off continues
The ASX has tumbled to a new low after markets continued to sell off, with investors factoring in a less-than-favourable decision in the US.
Budget blowout funded by bracket creep
The budget’s bottom line is forecast to blow out by more than $20bn, funded largely by bracket creep in the coming years, economist warn.
Why RBA is being blamed for inflation
The RBA’s slow response to the post-Covid economic boom is to blame for Australians paying more on their mortgage today, a consulting firm has found.
RBA’s excuse for rate forecast fails
The RBA has defended the economic forecasting it does to help the board when it considers changes to the cash rate, admitting the predictions are likely wrong.
Big bank’s surprise call on cost of living
Westpac says the peak of the cost of living crisis could be behind us with the number of Aussies needing the bank’s help to pay their loans falling.
‘Doesn’t have to be like that’: Huge RBA call
The tide is turning against the RBA, with experts from Australia’s biggest bank claiming the Board’s major interest rates excuse is “overdone”.
RBA’s major Trump call after tariff spree
The Reserve Bank has made a major call on the potential impact of Donald Trump’s second presidency on the Australian economy.
Australia on ‘verge of a full-blown recession’
One of Australia’s top finance experts has issued a grim warning about the economy – and shared a telling clue about what’s to come.
Aussie shares slump on bank, tech rout
A sharp sell-off in banking and tech stocks pushed the Australian sharemarket into the red on Tuesday, even as the heavyweight mining sector soared.
Fresh blow to Aussie mortgages
Homeowners desperate for some rate relief will need to wait until 2025, as the Reserve Bank of Australia held official interest rates for the ninth time in a row.
‘Apologise’: Aussies revolt over RBA fiasco
The RBA will reveal its latest interest rates decision within hours – and an expert has shared his prediction which no Aussie will want to hear.
91 per cent chance of this interest rate call
Mortgage holders and business owners should not hold their breath for any interest rate relief on Tuesday.
‘Extensive experience’: ANZ picks new boss
One of Australia’s largest companies has found its new chief executive, an international banker of “calibre and extensive experience”.
Chart reveals why Australia is screwed
Australians are getting poorer and a leading economist has produced a simple chart that shows why.
Surprise reason for Aussie spending jump
A surprise jump in spending in major two areas has given early indications Aussies are starting to spend again, in spite of a high cost of living.
Government spending surges to $195bn
Strong public spending is offsetting an overall weak economy, new figures from the ABS reveal, ahead of the release of the latest growth figures on Wednesday.
Surprising state tops list for business
Australia’s leading business body has just ranked the best and worst states and territories for commerce and a surprising state has come out on top.
ASX sets new record high
Australia’s sharemarket has started the last month of the year with a strong day of trading, as new retail data was surprisingly good.
Major bank makes huge rate call
The big four bank is the latest institution to push out its timeline for a Reserve Bank interest rate cut, as customers start spending their stage 3 tax cuts.
‘Worse without:’ Bullock’s bold jobs call
The RBA governor surprisingly came out in support of Australia’s big spending budget saying the economy “would be worse without it”.
Aussie shares hit fresh record high
The Australian sharemarket cracked a fresh record high on Thursday on the back of a surge in the big banks and healthcare stocks.
Warning as banks move away from rate cut
Mortgage holders’ hopes of a February rate cut are fading as big four bank analysts begin to alter their predictions.
Push to change rules for first homebuyers
Restrictive rules which prevent nearly two in five first home buyers from securing financing should be eased, a major report is expected to say.
Push to change rules for first homebuyers
Restrictive rules which prevent nearly two in five first home buyers from securing financing should be eased, a major report is expected to say.
Inflation update grim news for rate cut
Inflation figures have continued their trend down, but not in a way that will help mortgage holders any time soon.
‘Crashing’: Sign the RBA has ‘has lost the plot’
Inflation is “collapsing” in Australia – but the Reserve Bank just keeps on making the same mistake, as the rest of us suffer.
Pleas to RBA to ignore Black Friday boom
Black Friday is tipped to be one of the best sales events on record, but a leading economist warns it is not a sign that household pressures are easing.
Ironic twist in Trump interest rates fiasco
The US President-elect isn’t even running the show yet – but already, countless Aussie households are seriously hurting.
‘Spending more’: Infuriating rate hike truth
Damning new figures have revealed that the RBA’s brutal interest rate hikes are hurting one group of Aussies – while others live it up.
Grim reality for Aussie businesses
Aussie businesses have been hit with a grim forecast for the year unless consumers change their spending habits.
RBA refuses to rule out more rate hikes
The Reserve Bank of Australia is steadfast in its fight against inflation, even if it means mortgage holders will pay even more in the coming months.
‘Pretty crazy’: RBA’s bizarre move exposed
Inflation has “crashed” – but the RBA is still “misreading” the signals and leaving struggling Aussie homeowners in limbo. What gives?
RBA makes call on mortgage stress
Aussie mortgage holders are in theory the most exposed to interest rates rises in the world, yet there is little evidence of a mortgage cliff, the RBA said.
‘Pushed further’: RBA call we were dreading
We were all but promised a rate cut in 2024, but now, that’s looking like a pipe dream. And Donald Trump could be partly to blame.
Bank confirms worst news for homeowners
One of Australia’s big four banks has made a bold prediction about the future of interest rates, and it’s even worse than expected.
Aussies worse off since 2022: report
A report into the cost-of-living crisis facing households says they are worse off now than two years ago, with pleas for Anthony Albanese to call an urgent meeting.
Aussie bank makes astonishing rates call
One of Australia’s biggest financial institutions has reduced home loan interest rates, but there’s just one catch for potential customers.
Proof it’s never been tougher to buy a home
Surging house prices in every Australian capital city show it’s the worst time in history to be trying to buy a home.
ASX closes in on record high
The Australian sharemarket traded strongly on Friday off the back of further rate cuts from the US central bank.
Trump set to ‘crash Aussie interest rates’
Experts have warned that Donald Trump’s election win will ruin the Aussie economy. But there is a “distinct upside” to Trump 2.0.
Major Aussie bank posts mammoth profit
One of Australia’s Big 4 banks has posted a mammoth statutory profit for the first financial year quarter, asserting the economy is “fundamentally sound” despite cost of living pressures.
Aussies’ surprising cost of living outlook
Aussie consumers and businesses are seeing through the high cost of living as sentiment and spending improve, new reports show.
How Aussies can dodge Trump’s tariff threat
An expert in international relations has offered some blunt advice to Australian policymakers on how to avoid potentially damaging Trump tariffs.
Big banks’ surprising mortgage call
Two of Australia’s big four banks say Aussies are finding a way to pay their mortgages despite cost-of-living pressures.
Trump to cost voters $2600
The cost of living is set to rise under the Trump administration if the newly elected President passes his tariffs plan on in full.
’Nowhere else’: Grim reality for Aussie farmers
Aussie farmers are up in arms about supermarket behemoths Coles and Woolies, but an ACCC hearing has heard they have nowhere else to go.
Blow for Aussies after US cuts rates
The US Federal Reserve approved its second consecutive interest rate cut on Thursday night, though experts have some disappointing news for Aussies.
Dark sign in one state’s housing stress
A key housing indicator suggests more and more Australians in one big state are falling into dire financial stress.
‘Trump trades’ impact on Australia
A second Donald Trump presidency has pushed US share market and bitcoin to new highs, but it has had a surprising impact on the Australian dollar and exports.
Go ahead for $8.8bn Chemist Warehouse deal
Australia’s competition watchdog has made a huge decision on a proposed change to Chemist Warehouse that will affect millions of Aussie pharmacy customers.
‘Challenging’: Big bank’s warning to Aussies
One of Australia’s biggest banks has warned of a “challenging” time for customers as it releases its full-year results.
Aussie shares surge on looming Trump shock
Aussie shares rallied on Wednesday as the US vote count rolled in showing former President Donald Trump on a clear pathway to victory.
‘We don’t know’: RBA’s big call on rate move
Homeowners desperate for some relief were left disappointed as the Reserve Bank of Australia held interest rates for the eighth time in a row.
ASX falls as US election nerves take over
The Australian sharemarket slipped on Tuesday ahead of Wednesday’s seismic US Presidential election.
‘Stupidity’: Proof we need major RBA ‘rule’
The Reserve Bank of Australia has been blasted over its latest refusal to cut interest rates, with claims the move “makes no sense”.
‘Harsh’: Why RBA is holding interest rates
Aussies have reduced spending in line with Reserve Bank expectations, but it’s not enough to spark a rate cut.
How Aussies giving themselves a rate cut
Nearly a million Aussies have refinanced their loans as the Reserve Bank of Australia is tipped to hold interest rates higher for longer.
Big four banks’ rates predictions revealed
Homeowners desperate for some relief will learn tomorrow whether interest rates will be slashed. This is what the banks are saying.
Aussie homes ‘teetering’ on financial ruin
About 1 in 2 Aussie households are “teetering” on the brink of financial ruin as higher for longer mortgage rates force more families out of the market.
‘Outright stupid’: RBA ‘has cornered itself’
Yesterday’s huge inflation update was a great result for Australians – but it still might not be enough to save us from the RBA.
‘Cornered’: Election piles heat on RBA
The Queensland election result is set to widen the already yawning gulf between the government in Canberra and the RBA.
‘No free for all’: Jim’s message to Aussies
Treasurer Jim Chalmers says inflation has halved since Labor took office but more work needs to be done but Aussies doing it tough shouldn’t expect a cash splash.
Major bank’s new move on rates
A big four bank will reduce interest rates by up to 0.25 per cent, but you’ll need to meet this strict criteria.
‘In tears’: Couple slams ‘predatory’ bank move
An Aussie man who had to access hardship arrangements when he couldn’t pay his mortgage has revealed the stressful outcome.
RBA boss’ $400k pay rise in cost crisis
The latest report from the Reserve Bank of Australia shows the major pay rise Michele Bullock received after she stepped into the top job.
Big bank’s surprise Stage 3 tax cut reveal
Aussies have pocketed $6.4bn in extra income since July’s Stage 3 tax cuts, but what we’re doing with it might come as a surprise.
‘Backyards’: State’s wild bid for more homes
One state wants to make it easier to divide up blocks of land in a bid to boost housing supply by “unlocking land in people’s backyards”.
Original URL: https://www.news.com.au/finance/economy/interest-rates/page/2