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The Latest Breaking News from Sally Tindall

Fixed mortgage ending soon? How you can prepare for rising repayments as interest rates climb

Many borrowers jumped to lock in record low interest rates over the past couple of years. But the good times are almost over, with a wave of fixed-rate terms coming to an end next year.

ABC News

RBA tipped to lift cash rate again at board meeting as mortgage cliff looms

Economists widely predict 25 basis point rise but some say central bank may consider pausing rates after seven straight hikes

The Guardian - AU

Fixed-rate borrowers brace for jump in repayments as cheap home loans end

Most home owners who fixed their mortgages at record lows last year will soon see their loans revert to a variable rate. For some, it will mean their repayments will increase by thousands each month, leading to financial stress.

ABC News

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Big mortgage savings are on offer for ideal borrowers. Here’s how to tell if that’s you

Consider yourself an ideal mortgage payer? If so, you might be able to escape the worst of the home loan squeeze.

The New Daily

Fixed or variable? A look at how home loan rate options across Australia stack up

After crunching the numbers, it’s clear that mortgage holders shouldn’t just do nothing, says RateCity’s head of research

The Guardian - AU

Reserve Bank set for another double-sized interest rate rise as borrowers brace for pain

The average mortgage borrower will be paying $760 a month more than they were just five months ago, if the Reserve Bank hikes interest rates as expected today, with existing borrowers slugged harder than newer customers.

ABC News

Why Canberra is so expensive - and how it's going to get worse

For many Canberrans, the high cost of living is less of a pinch and more of a punch.

The Canberra Times

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Home loan cashbacks are surging. Are they worth it?

As competition for home loan customers peaks among major banks, a near-record number of lenders are attracting customers with sweeteners.

The New Daily

If there's a double interest rate rise this week, more borrowers become 'mortgage prisoners'

As banks impose tougher lending standards and interest rate hikes drive property prices down, more Australians who borrowed at the height of the pandemic housing boom will find themselves in a mortgage trap, unable to refinance.

ABC News

Australians abandon buying first home as loan costs outweigh property price drops

Reserve Bank is expected to again lift the cash rate, extending the most rapid spate of rises since 1994

The Guardian - AU

Borrowers to feel the heat as RBA raises rates again, but new customers get cheaper deals

As the economic outlook became more uncertain, lenders are competing harder for new customers, providing a good opportunity for home buyers with large deposits and owners who have paid off a sizeable portion of their property.

ABC News

As fixed mortgages end and rates rise, many risk losing their homes

Almost 40 per cent of Australians with mortgages who have locked in ultra-low fixed interest rates will roll off them as soon as next year, raising fears that more people will default on their loans, creating financial system instability.

ABC News

Double-digit drops in capital city property prices likely after RBA rate hikes

Borrowers may find themselves in a ‘mortgage prison’ but low jobless rate means most households should still be able to pay off their loan, experts say

The Guardian - AU

Why savers are unlikely to benefit much from the RBA rate hikes

RBA governor Philip Lowe jacked up the cash rate by a surprise 50 basis points on Tuesday. But savers are unlikely to benefit much in the short term.

The New Daily

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The New Daily

‘Mortgage prison‘: Home owners facing budget squeeze as interest rates rise

Australians are being hit with a double whammy of rising mortgage costs and falling property prices as interest rates rise.

The Guardian - AU

Interest rates: RBA weighs up risk of ‘climb shock’ ahead of decision

Economists split on how much Reserve Bank will lift cash rate on Tuesday as it looks to rein in inflation

ABC News

HomeBuilder and first home buyer grants made housing less affordable says Reserve Bank

Government subsidies such as first home buyer grants and HomeBuilder have boosted demand for homes and helped push up house prices, with "pervasive" impacts on housing outcomes for some Australians, according to the Reserve Bank.

The New Daily

‘Ultra competitive’: Why rising interest rates shouldn’t stop you refinancing

Home owners slapped with bigger mortgage bills are being told not to settle for rising interest rates, with tight competition leading to better deals.

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The Guardian - AU

Coalition super housing policy likely to inflate prices by increasing demand, analysts say

Saul Eslake points to ‘unambiguous and unequivocal evidence’ showing such policies lift prices rather than home ownership

ABC News

'Big four' banks made huge profits as Australians took out bigger mortgages for pricier housing

Australia's big four banks — ANZ, CBA, NAB and Westpac — now hold a whopping $1.87 trillion in home loans, and raked in big profits as Australians took on massive home loans.

The Guardian - AU

Buyers warned about rushing into government’s First Home Guarantee scheme

Predicted rate rises and falls in property values pose risks to those considering loans with a 5% deposit, experts say

The Guardian - AU

Interest rates are set to start rising. What does that mean for mortgage holders and homebuyers?

The RBA could hike rates as early as May. Will borrowers race towards fixed-rate home loans?

The Guardian - AU

Mortgage holders in outer suburbs could face ‘huge cliff’ as inflation and rates rise, experts say

Inflation jumped in March, sparking expectations of a cash rate rise before the election, and concerns for mortgage holders

ABC News

Rents 'explode' across the country, as house prices fall in many Melbourne, Sydney suburbs

Record low numbers of available rental properties across the country are pushing up the price of rents in a "crisis" that analysts predict will worsen.

The Guardian - AU

Australia’s first-home buyers urged to ‘go in with eyes wide open’ about future rate rises

The good news is more places on offer in the first-home guarantee scheme. The bad news could be higher mortgage repayments

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