The RBA might have paused its carnival of rate hikes this month but that’s no consolation for anyone with a big mortgage and a variable rate home loan.Even before the April decision, they’d increased the cost of an average mortgage by over $12,000 a year and a $1 million mortgage was up by around $20,000.That …
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A Sydney landlord trying to increase the rent on every tenant in a building by up to 70 per cent is facing a rebellion by renters who are taking their case – and the high-profile real estate agency – to the consumer tribunal. Harrison Reid is the first of half a dozen residents of the …
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Nearly 900,000 Aussies could be in for bill shock when their cheap pandemic fixed-rate home loan expires by the end of the year. Hundreds of thousands of Australian homeowners breathed a sign of relief on Tuesday when the Reserve Bank (RBA) opted not to slug households with an 11th consecutive interest rate rise. The decision …
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An increase in migration and low housing supply could lead to a new property boom. Despite the 10 straight interest rate increases from the Reserve Bank of Australia (RBA) from May 2022 to March 2023, which has seen official rates rise by 3.5 per cent, property prices have not only stopped falling, but they appear to be on the …
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