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The good news is the Australian economy is about to turn up. Here's why
5 months, 4 weeks ago

The good news is the Australian economy is about to turn up. Here's why

ABC  

Right now things feel awful. Inflation was going to be 3.9 per cent, not the present 3.6 per cent and headed down, and the Reserve Bank's cash rate was going to climb two times in the second half of 2023 from 4.1 per cent to 4.5 per cent. Back in mid-2023, when asked about the probability of a recession in …

Tax Inflation Cent Rate Australian Westpac
Westpac makes major lending change as mortgage cliff looms for up to 900,000 lenders
1 year, 7 months ago

Westpac makes major lending change as mortgage cliff looms for up to 900,000 lenders

Daily Mail  

Westpac will ease the stress test for borrowers looking to refinance so they can avoid 'mortgage prison' and an even more dramatic increase in monthly repayments. Australia's 880,000 homeowners who secured ultra-low, two per cent fixed rate mortgages during the Covid-19 pandemic face a 65 per cent surge in their monthly repayments when their two-year period expires in 2023. That …

Stress Mortgage Cent Rate Percentage Rates Borrowers
Reserve Bank increases interest rates, Commonwealth, Westpac, ANZ, NAB set to pass it onto customers
2 years, 6 months ago

Reserve Bank increases interest rates, Commonwealth, Westpac, ANZ, NAB set to pass it onto customers

Daily Mail  

Anthony Albanese has refused to speak about the Reserve Bank's largest interest rate rise in 22 years when probed by reporters during an official visit to Indonesia. The central bank hiked the cash rate to 0.85 per cent on Tuesday, meaning mortgage holders will be forced to shell out even more on their monthly repayments as the cost of living …

Ukraine Supply Prices Interest Rates Commonwealth Covid Rates
Commonwealth Bank, Westpac, NAB and ASB pass on rate rise to customers
2 years, 7 months ago

Commonwealth Bank, Westpac, NAB and ASB pass on rate rise to customers

Daily Mail  

The Big Four banks have all passed on the official interest rate rise in full to their home loan customers with National Australia Bank the last to act. The Reserve Bank of Australia has raised interest rates for the first time in 11 years to curb soaring inflation A senior Westpac spokesperson urged customers who know they will now struggle …

Financial Markets Bank Loan Interest Rates Commonwealth Pass Cent
RBA raises cash rate by 0.25 percentage points causing mortgage interest rates to rise
2 years, 7 months ago

RBA raises cash rate by 0.25 percentage points causing mortgage interest rates to rise

Daily Mail  

Three of Australia's big four banks have so far passed on the full official interest rate rise to their home loan customers. Commonwealth, Westpac and ANZ all announced their variable home loan interest rates will increase by 0.25 percentage points, in line with the official cash rate rise announced by the Reserve Bank of Australia. ANZ followed CBA by passing …

Financial Markets Bank Loan Mortgage Interest Rates Interest Rising