News
Australian homeowners: Record refinances amid rate rise stress | The Canberra Times | Canberra, ACT
8+ hour, 54+ min ago (626+ words) Refinancing is set to surge again this year as the nation's mortgage holders brace for impact as another interest rate rise hits hard. Record numbers of Australians refinanced last year, with the Australian Bureau of Statistics data revealing that more…...
Consumers hang tough despite echoes of COVID headwinds
20+ hour, 8+ min ago (398+ words) Australian consumers are showing resilience in the face of rising interest rates, fuel prices and other costs, according to credit agency data. Despite the headwinds, strong momentum in consumer activity in the first quarter of 2026 had provided a buffer to…...
How much more Canberrans will pay on their mortgage thanks to third rate hike
20+ hour, 38+ min ago (518+ words) Canberrans could be paying more than $100 extra on their monthly mortgage repayments after the Reserve Bank announced it would raise the cash rate to 4. 35 per cent. The announcement came on Tuesday, May 5 following successive rate rises in February and March…...
'Downside risks': warning as state debt edges to $200b
1+ day, 8+ hour ago (540+ words) Tackling cost of living over driving down state debt has baffled the business sector and raised the eyebrows of a credit ratings agency. Handing down her second budget on Tuesday before the November state election, Victorian Treasurer Jaclyn Symes narrowly…...
Inflation, growth, rates all hinge on end to conflict
1+ day, 9+ hour ago (540+ words) The crisis in the Middle East fanned the flames of already buoyant inflation in Australia and could lead to more interest rate pain if it isn't resolved, the central bank has warned. The Reserve Bank of Australia released fresh quarterly…...
Third RBA rate hike might not be the end for borrowers
1+ day, 8+ hour ago (609+ words) As mortgage holders count the costs of a third straight rate hike, economists warn there could be more pain to come after a hawkish Reserve Bank decision. The central bank's monetary policy board voted in a split 8-1 decision to raise…...
Hawkish RBA hikes rates again, lifts inflation forecast
1+ day, 10+ hour ago (582+ words) Mortgage holders are counting the costs of a third straight rate hike, but economists warn there could be more pain to come after a hawkish Reserve Bank decision. The central bank's monetary policy board voted in a split 8-1 decision to…...
Rate hike looms: how to negotiate a better deal on your home loan now
1+ day, 20+ hour ago (545+ words) Canberrans have been encouraged to consider switching their mortgage providers ahead of a potential rate rise this afternoon. It would be the third time in a row the Reserve Bank of Australia has raised the interest rate after hikes in…...
Borrowers back to square one as likely rate hike looms
1+ day, 22+ hour ago (577+ words) Mortgage holders are set to be hundreds of dollars worse off per month than they were at the start of the year as the Reserve Bank prepares to unload a third consecutive interest rate hike on borrowers. Financial markets were…...
Most Aussies ready to withstand another rate hike: NAB
2+ day, 11+ hour ago (527+ words) Australian firms are well-placed to withstand another interest rate hike, the head of the nation's biggest business bank says, as borrowers prepare for an anticipated rise. The Reserve Bank is widely expected to hike interest rates for the third time…...