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Interest Rate Predictions & Forecast Australia | RateCity
The Reserve Bank of Australia is forecast to hike the cash rate periodically over the next six months. Here's how high experts predict the cash rate hike may climb.
ANZ increases rate on its basic variable loan
ANZ, Australia’s fourth largest home loan lender, has today increased the rate of its basic variable mortgage by 0.10 percentage points for both owner-occupiers and investors paying principal and interest, and investors paying interest-only.
Credit card debt ticks up in October
Australia’s total credit card debt attracting interest charges grew by $129 million in the month of October, the first increase since May.
Some of the top-rated term deposits in December 2023
With the Reserve Bank of Australia (RBA) keeping the national cash rate on hold at 4.35% in December 2023, not a lot of movement is expected for term deposit interest rates in the immediate future. But with some economists forecasting that the RBA could hike rates again in February 2024 if inflation doesn’t fall fast enough, It may become possible to give your savings an extra boost later in the new year.
Some of the top-rated personal loans in December 2023
New lending indicators from the Australian Bureau of Statistics (ABS) found that in October 2023, the number of new fixed term personal loans rose by 2.1% compared to the month before, to $2.5 billion.
Some of the top-rated home loans in December 2023
The Reserve Bank of Australia (RBA) board delivered Australian mortgage holders an early Christmas present at its December 2023 meeting by keeping the nation's cash rate on hold at 4.35%. But with economists from some of Australia’s big banks forecasting another rate hike in February 2024, Australian homeowners may not be feeling the love by the time Valentine’s Day rolls around.
New year, new car: Top-rated car loans going into 2024
The volume of new car sales in December has broken previous records. If you’re considering purchasing a vehicle, you’ll want to know the most competitive car loan options available.
The average borrower has shelled out almost $25K extra since the start of the hikes
New research from RateCity.com.au shows the average borrower who hasn’t refinanced has paid more than $24,000 extra in interest as a result of the RBA rate rises over the last twenty months.
14 home loan cashback deals still available in December
In December, there are 14 lenders offering cashback deals ranging from $2,000 up to $10,000. Refinancers and first home buyers have a range of deals to compare, as well as other competitive incentives.
When Will Interest Rates Go Down? (Australia 2023) - RateCity
The Reserve Bank of Australia has hiked the cash rate multiple times this year alone, resulting in home loan rates rising across the country. Millions of Australian homeowners are likely asking themselves: when will interest rates fall again?
What to expect from the RBA meeting in December 2023
As 2023 draws to a close, it’s time to ask if the Reserve Bank of Australia (RBA) has one more rate rise left in the tank for the year. Economists from some of Australia’s leading banks have their own thoughts, based on previous RBA updates, new inflation data, and their own economic modelling for 2024 and beyond.
New highest savings rate of 5.70% hits the market
A new highest savings rate has hit the market, with MOVE Bank increasing its Growth Saver account by 0.20 percentage points to a maximum ongoing rate of 5.70 per cent.
Household deposits continue to climb but pace is slowing
Household deposits are continuing to rise, increasing by over $7 billion in the month of October and setting yet another record high at over $1.42 trillion.
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