The Reserve Bank of Australia might have raised the cash rate by 250 basis points since May to 2.60% – the quickest tightening in nearly three decades – but a senior central bank official has claimed higher interest rates could ultimately benefit new homebuyers. In a recent speech, Jonathan Kearns, the...
How refinancing can help you dodge the full impact of rate rises
With all four major banks and many other home loan lenders passing on in full the Reserve Bank of Australia’s latest interest rate to their variable-rate borrowers, many homeowners are facing yet another jump in their home finance repayments – the fifth in as many months. However, existing variable borrowers will...