RateCity reveals latest rate hike will lift average household’s mortgage stress by 0.50%. Australians advised to prepare for more rate hikes in 2010.
Average households hit with 0.50% mortgage stress
Further rate hikes a sign of what's to come'
The Commonwealth Bank is the latest lender to lift interest rates for homebuyers looking to fix their home loan, raising rates on a number of fixed products.
Rates to hold in December, before rising in 2017
Official interest rates are poised to hold at the historic low of 1.50 per cent when the Reserve Bank Board meets this Tuesday.
Singles priced out of the property market Australia wide
Only two of Australia’s eight capital cities have a median house price that can be afforded by an average single income, new analysis by Australia’s leading financial comparison website, RateCity.com.au, shows.
Yes, it may be possible to get a $1,500 payday loan with bad credit. Some payday lenders give loans to people with bad credit histories if they believe the borrower has the capacity to repay the loan.
Under Australia’s responsible lending rules, lenders aren’t allowed to approve $1,500 payday loans if they don’t believe the borrower can make the repayments.