The Latest Breaking News from Canstar

RBA statistics show the national credit card debt sits at $17.8bn, up $236m in December 2024 alone

Strong retail spending figures are not expected to deter the Reserve Bank from cutting rates at its next meeting as one big bank lowers fixed-rate loans.

Mortgage repayments in Newcastle have increased $539 a month since February.

The average time it takes to buy a first home has been cut as thrifty savers defy cost-of-living pressures and manage to put more money away towards a deposit.

Economists and experts have identified groups at higher risk of serious financial stress and pain as interest rate hikes battle stubborn inflation.

Many new homeowners could see half their incomes consumed by mortgage repayments in coming months as the RBA hikes rates.

Australians could be paying hundreds of dollars too much for car insurance, as new figures reveal premiums have skyrocketed.

Australian consumers are painfully aware of the energy cost crisis. And from July 1, electricity bills are set to rise by a further 20-25% across South Australia, New South Wales, south-east Queensland and Victoria. The increases will add to cost-of-living pressures across households and small businesses.

Unpaid debts are taking thousands of dollars out of the loan budgets of first home buyers, making property less affordable.