Loans and finance

A strong economic recovery post pandemic may mean earlier than expected rate hikes, which will see home loan repayments increase by hundreds of dollars a month.

The Reserve Bank of Australia has held the official interest rate steady at 0.10 per cent, despite accelerating inflation and fixed rate hikes by the big four banks.

The Reserve Bank of Australia announced that the cash rate will stay at the record low of 0.10 per cent for the eleventh month in a row.

More homes were bought and sold in Queensland over the last quarter than in either NSW or Victoria for possibly the first time in history, new research reveals.

Four Perth suburbs have joined the million-dollar club after their median house prices grew to seven figures during the year to June, new data has revealed.

Prospective homeowners in some industries and cities could find it more difficult to get a home loan approved compared with the start of the year, but others may find it even easier.

A senior banker has weighed in on what the Delta-variant coronavirus outbreak means for the future path of interest rates and the outlook for property prices.

With millions of Australians under lockdown and the economic recovery faltering, an earlier than expected rise to interest rates is looking unlikely.

If house hunters have been shopping around for months, the latest series of lockdowns may prove to be worse news than any rate rise.

With half the country locked down and others working remotely for part of the week, a major bank has come up with a way for home owners to slash their energy bills.