RBA Rate Hike: Thousands of Dollars Added to Mortgage Payments Since May

Homeowners will be plagued with hundreds of extra dollars in mortgage payments if another nightmare rate hike hits, with the Reserve Bank of Australia pushing through another 0.25 percent rate hike. This is the sixth rate hike since May and brings interest rates from a record low of 0.1 percent to 2.6 percent. For a … Read more

US Federal Reserve Decision Could Cause a Recession: Motley Fool, Stephen Jones

Australians are being told they are “preparing” for further financial pain, including a potential recession, after the US Federal Reserve raised interest rates to the highest levels since the global financial crisis. The central bank raised the country’s cash interest rate by three-quarters of a percentage point to 3.25 percent, and said further rate hikes … Read more

RBA, Real Estate: Within $3.8 Trillion Prediction Error in the Real Estate Market

Inflation is soaring, interest rates are rising and rumors of a recession in Australia and around the world are peaking. The real estate market has softened after the highs of 2021 and is expected to decline further in the coming months. Fear and uncertainty is great. But with the massive forecasting errors made by banks … Read more

Interest rates: decline in household consumption is a sign that RBA will cut spot interest rates in 2023

This aggressive tightening has already increased the average variable mortgage rate in Australia by two-thirds, from 3.45 percent in April just before the first rate hike to 5.70 percent today. This is the highest variable mortgage rate since January 2013 and comes at a time when Australian mortgage holders are more indebted than ever. According … Read more

Mark Bouris Reveals Five Tips for Safeguarding Money While Inflation Rises

Inflation is very likely to hit 7 percent by the end of 2022, meaning there’s more than a reasonable chance that further rate hikes will be passed on to you, the borrower, before the end of the year, as the RBA cuts spending in to keep inflation in check. This is not good news, but … Read more

ANZ says RBA will raise interest rates to 3% before Christmas

Australian borrowers face four more massive rate hikes over the next four months that will push official cash interest rates above 3 percent before Christmas, ANZ warns. The bank drastically revised its forecasts on Tuesday, saying that “strong momentum in the labor market and clear upside risks to inflation” would force the Reserve Bank to … Read more

Bank warns too many RBA rate hikes could ‘crash’ Australian housing market

As Aussies brace themselves to be plagued by multiple rate hikes, an expert has warned that the hikes could have a chilling impact on the real estate market. There are warnings that the Australian housing market could ‘crash’ if interest rates rise too high after the huge surges over the past two months. The Reserve … Read more