Laine Gordon is the Head of Public Relations at RateCity. With a background in journalism, Laine brings over a decade of experience in personal finance to the team. She is passionate about helping people get out of debt, save money, and make better decisions about their own finances.
1218 articles written by Laine Gordon
Super Guarantee rise and the single parent home scheme start today: but beware of the fine print
Today two government initiatives kick off, designed to provide Australians with a more secure future, but not everyone is guaranteed to be a winner.
NAB hikes 2-, 3- and 4-year fixed home loan rates
Australia’s third largest lender, NAB, has hiked its 2-,3- and 4-year fixed rates for owner-occupiers paying principal and interest by up to 0.10 per cent.
Bank fees fall, but Australians still fork out $3.56 billion
Australians forked out $3.56 billion in personal bank fees last financial year, new figures from the RBA show. This equates to around $364 per household in bank fees a year.
Rising property prices pushing more Australians to take on risky levels of debt
New figures from APRA show value of new home loans with a debt-to-income ratio of six and over climbed to $23.77 billion in March, an increase from 16 per cent to 19 per cent year-on-year as a proportion of new lending.
1 in 3 Australians have fallen victim to a financial scam
Almost one third of Australians have been hit by a financial scam, new RateCity research shows. Scams included credit card hacks, identity theft and people who had been tricked into handing over money.
Over 1 million homeowners have never experienced an RBA hike
While the Reserve Bank has left the cash rate unchanged at 0.10 per cent today, a rate hike is on the horizon in 2024 – the same time many homeowners will be coming off a 3-year fixed rate.
NAB cuts fixed rates, again
Australia’s third largest bank has cut its lowest 2-year fixed rate to 1.89 per cent today – a cut of 0.15 per cent.
Risky home loan lending on the rise
Data released by APRA today has confirmed the number of high-risk new home loans is increasing.
Westpac the third big bank to slash fixed rates
Westpac now has the lowest 2-year fixed rate in the market at 1.79 per cent.
$140 less a month: how falling mortgage repayments are pushing up property prices
The RBA has left the cash rate on hold today at 0.10 per cent, despite escalating property prices across the country.