Surprising detail in rate hike pain
Even as household budgets come under pressure, tens of thousands of Aussies took on additional debt in February, new data shows.
Even as household budgets come under pressure, tens of thousands of Aussies took on additional debt in February, new data shows.
With the benchmark finishing in the red for three of the past four sessions, the sharemarket dipped 1.6 per cent this week.
After a sharp sell-off during Wednesday’s session, the sharemarket unwound some, but far from all, of its losses on Thursday.
With Australians facing a cost of living squeeze, households devoted more of their budgets towards the essentials.
As the RBA pauses rates, savvy homeowners, buyers and investors can save plenty over the course of their loan. See the best deals and use our calculator to work out how much you will pay.
Homeowners can rejoice as they have been given a brief reprieve after the central bank paused interest rates for the first time in nearly a year.
Nearly 900,000 Australians are facing a big shock as their cheap fixed-rate home loan period expires – regardless of what the RBA does today.
The signs are already there that higher interest rates are going to come sooner than expected.
Original URL: https://www.thechronicle.com.au/business/economy/interest-rates/page/83