You’ve been saving. Watching the market. Getting your hopes up… and then comes the announcement: The Reserve Bank of Australia (RBA) has cut the official cash rate to 3.85%. If you're a first home buyer, your first thought might be: “Great — does this mean I can finally buy?” But...
What the RBA Rate Cut Means for You
For the first time since November 2020, the Reserve Bank of Australia (RBA) has cut interest rates, dropping the cash rate by 0.25 percentage points to 4.1%. After a tough few years of relentless rate hikes, this news comes as a breath of fresh air for mortgage holders. But what...
When will interest rates go down?
The Reserve Bank of Australia caused few surprises when it lifted the country’s official interest rate by 25 basis points to 3.35% in February. After all, annual inflation jumped by 7.8% over the December quarter, according to the Australian Bureau of Statistics. That’s not just a 32-year high; it’s also...
Four tips to help with the cost of living crunch
The financial squeeze is well, and truly on, as rising interest rates, skyrocketing fuel prices and climbing food costs all take their toll. Few will be immune to the pinch, with new NAB research finding many Australians are making big changes to their spending behaviours due to the rising cost...