Interest rate Australia

2022 - 12 - 7

Post cover — Image courtesy of "NEWS.com.au"

Mum's genius solution to interest rates hike (NEWS.com.au)

The Reserve Bank of Australia announced on Tuesday that interest rates will rise for the eighth straight month, an increase that is expected to be passed ...

I’d like to retire in another 10 years, but I do wonder if the rate rises mean I’m going to have to be working until I’m 80,” she says. “It’s just such a huge source of stress, and the worst thing is no one knows where it’s going to end. We did the sums, and after the break fee my own bank would charge me for leaving, I was still going to be (an estimated) $10,000 better off in the first year.” Comparison is powered by Fair Comparison Pty Ltd who do not compare all providers in the market, or all products from those providers. “It’s time to stop marrying banks and start dating them. “I’ve got three teenage kids and I’m a single mum.

Worst city for rent hikes revealed (NEWS.com.au)

Renters across Australia have been on the receiving end of soaring interest rates, with the cash rate on Tuesday hiked for the eighth consecutive month.

Its basic rate will now sit at 4.87 per cent and its discounted variable rate will now be between 4.82 and 6.49 per cent. Westpac will now see its standard variable rate hit 6.18 per cent and its standard rate reach 7.48 per cent from December 20. This figure is 0.8 per cent across the city. ANZ will see its discounted variable rate hit 5.99 per cent and its index rate jump to 7.39 per cent from December 16. From December 16, NAB will see its discounted variable rate reach 6.67 per cent, representing a $78 increase in monthly repayments for a $500,000 loan. The big banks have announced they will pass on the RBA’s rate rise to its variable rate customers.

Family with disabled child struggling with yet another rate rise (9Homes)

Aussie borrowers have been dealt another crushing blow with the Reserve Bank of Australia (RBA) raising interest rates for the eighth consecutive month ...

"Corey's obviously having to take a FIFO job, the kids are missing out on time with him, I'm missing out on time with him, but you can't do it on a local wage any more," she said. "Our children are going without and there's families out there that have children with disabilities, they're now deciding whether to put food on the table or pay for their medication." For Corey and Sarah Michal, who have a child with a disability and a mortgage they are struggling to pay in Perth, their lives have been upended and they are angry RBA Governor Philip Lowe is pushing families to the limit.

Australia news LIVE: RBA lifts interest rates to 10-year high; Labor ... (The Age)

Dan Tehan told 2GB this morning that the DFAT travel advice for popular tourist spots needed to be changed, to avoid Australians falling into “very unfortunate ...

The US and Australia also agreed to “invite Japan to integrate into our force posture initiatives in Australia”, he said. “We will also expand our logistics and sustainment co-operation, and that will deepen our interoperability and create more agile and resilient capabilities while also continuing to find ways to further integrate our defence industrial bases in the years ahead.” The US will also increase rotations of troops and military equipment in Australia to strengthen the alliance, US Defence Secretary Lloyd Austin announced after meeting with Defence Minister Richard Marles and Foreign Minister Penny Wong in Washington.

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