Banks enticing customers onto variable rates
A few interesting movements in the home loan space pointed to changing tides, with the next couple weeks crucial for knowing which way rates will go.
Banks move term deposit rates up ahead of key RBA August meeting
Macquarie Bank makes a play for the top term deposit rate on one-year terms, following a second consecutive hike this week.
Capital cities post new home price records amid slowing growth
Home prices across Australia’s combined capitals hit another record, with Brisbane on track to surpass the $1...
Which banks changed term deposit rates this week?
In what was a pretty uneventful week for juicy term deposit movements, Macquarie Bank managed to hike, and so did CBA and NAB, along with a host of mutual ba...
Customer-owned banks lead home loan rate shifts
Mutual banks led the charge in this week’s home loan rate movements as the market awaits the Reserve Bank’s upcoming cash rate decision.
Jobless rate increases amid strong labour demand
Australia’s headline jobless rate rose to 4.1% in June, reinforcing the prospects of another RBA cash rate hold to sustain labour market gains.
Two major banks boost one-year term deposit rates
CommBank and NAB have recently hiked term deposit rates on one-year terms, in what appears to be an anticipation of the cash rate increasing.
The mortgage week that was: Mutual banks shake up home loan rates
This week was an interesting one for home loan rate movements, with banks such as Police Credit Union, Gateway Bank, and Australian Unity moving rates north....
Short-term deposit rates on the slide
A former term deposit market leader has moved further away from the top of the heap after another round of rate cuts in this week's TD movements.
Diverging data sends mortgage rates on a roller-coaster
Smaller lenders led the mortgage movements in the new financial year, which saw variable and fixed rates waver amid...
Which banks changed term deposit rates in the first week of July?
Macquarie, ING and mutual banks such as Teachers Mutual and Bank Australia moved rates north on a handful of term deposits.
Boost in dwelling approvals in May kicks off government’s 5-year housing target
The race to house the nation received a minor boost as approvals for new residential properties rose in May, but the levels are still below the ideal run rat...
RBA Board debated rate hike at June meeting, case for hold wins
The Reserve Bank of Australia considered the possibility of raising the official cash rate at its meeting in June, ...
Homeowners gain another $59k wealth boost from rising home values
Australian homeowners ended the 2023/24 financial year $59,000 richer after housing prices climbed to a fresh record in June.
Term deposit rates move north as potential cash rate hike looms
More term deposit providers have moved their rates up to the 5% space this week as odds shift towards another RBA c...
Australia’s inflation rate jumps to 4% in May, faster than expected
Consumer prices in Australia rose faster than expected in May, delivering another blow to Australian households pinning their hopes on interest rate cuts thi...
All WA households to receive $700 energy credit
Every West Australian gets hundreds off their power bills next month under the state’s new cost of living ene...
Scant term deposit movements following RBA cash rate hold
Hardly any term deposit providers adjusted rates in the same week as RBA’s cautious non-movement.
...Bankwest dumps complimentary travel insurance on credit cards
From 3 September, Bankwest will no longer offer complimentary travel insurance on its Zero Platinum Mastercard.
More capital cities join the million-dollar housing market
House prices in Brisbane and Adelaide are on track to hit the $1 million mark by the end of FY25 on the back of sus...
Cash rate hold extended as RBA assesses further risks to inflation
The Reserve Bank of Australia (RBA) has delivered a broadly expected cash rate hold at the end of its two-day polic...
Mutual banks lift variable mortgage rates
Just as when variable mortgages were moving down in previous weeks, the trend returns upwards with more lenders unv...
Some juicy new term deposit rates on offer as banks up the ante
Last week was marked by major players changing interest rates on term deposits, but the more interesting stuff came this week, with a few juicy rates on offe...
Is the tough mortgage market worth crowing about, or are we returning to 'normal'?
The RBA's 'higher for longer' cash rate mantra has led to many borrowers feeling the pain, as indicated in APRA's latest banking statistics.
