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Interest rates

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‘Extraordinary setback’: Real wages to keep falling as inflation, rates hit households

‘Extraordinary setback’: Real wages to keep falling as inflation, rates hit households

Unions and economists have urged the federal government to fast-track policies to deal with the cost-of-living crisis as the Reserve Bank admitted low-income households may have to cut spending.

  • by Shane Wright and Rachel Clun

Latest

What do super-sized interest rate rises mean for the property downturn?

What do super-sized interest rate rises mean for the property downturn?

In the past, a business-as-usual interest rate rise was 0.25 percentage points, but over the last three months the hikes have been double that size, and it’s already showing up in the housing market.

  • by Kate Burke
Big four banks raise rates on home loans, some savings accounts

Big four banks raise rates on home loans, some savings accounts

There are tentative signs banks are starting to compete more aggressively for household deposits by lifting rates on key savings products.

  • by Clancy Yeates
‘Definitely a concern’: Caution about central banks ‘stomping on the brakes’

‘Definitely a concern’: Caution about central banks ‘stomping on the brakes’

AustralianSuper chief Paul Schroder said if the Reserve Bank goes too hard too quickly with rate rises it risks causing “more harm than good”.

  • by Simone Fox Koob
Rate rises fail to dampen demand for coffee, muffins and new clothes

Rate rises fail to dampen demand for coffee, muffins and new clothes

New figures showing the volume of goods bought by consumers reveal Australians are still buying record levels of stuff, despite higher interest rates.

  • by Shane Wright
First mover disadvantage: Why no bank wants to be the first to raise interest rates
Opinion
Opinion

First mover disadvantage: Why no bank wants to be the first to raise interest rates

It’s a competition about who goes first.  Hiding behind another bank works best.

  • by Elizabeth Knight
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Neighbourhoods where house prices have fallen by six figures as interest rates rise

Neighbourhoods where house prices have fallen by six figures as interest rates rise

More than $200,000 has been wiped from property prices in some sought-after areas in three months, and experts say the full impact of rate hikes on property prices is yet to be felt.

  • by Kate Burke
Reserve Bank lifts rates as it forecasts slower economic growth and higher unemployment

Reserve Bank lifts rates as it forecasts slower economic growth and higher unemployment

The bank has now raised the official cash rate by 1.75 percentage points in four months, the most aggressive hiking moves in nearly 30 years.

  • by Shane Wright, Rachel Clun and Clancy Yeates
Reserve Bank drains a witches’ brew of economic woes and orders another round
Analysis
Analysis

Reserve Bank drains a witches’ brew of economic woes and orders another round

The RBA is tightening monetary policy at the fastest rate since Silverchair broke in 1994. Tomorrow cannot come fast enough for the central bank.

  • by Shane Wright
So much for the soft landing for house prices. It’s now a painful thud
Opinion
Opinion

So much for the soft landing for house prices. It’s now a painful thud

Having begun tightening monetary policy too late, the RBA’s catch-up is occurring at warp speed and borrowers can do little but brace for impact.

  • by Elizabeth Knight
Rates calculator: How much extra will your mortgage repayments cost?
Calculator
RBA

Rates calculator: How much extra will your mortgage repayments cost?

The RBA has increased interest rates to 1.85 per cent. Use our calculator to see how much extra your mortgage repayments will be.