Australia's real interest rate is among the lowest in the G20 club of major economies
Do you think interest rates are high? New figures show the pressure in Australia is less severe than in many other major economies.
Do you think interest rates are high? New figures show the pressure in Australia is less severe than in many other major economies.
Australia's fiscal outlook has been reviewed by the International Monetary Fund and ranks third in the world as a percentage of GDP. This comes from an underlying liquidity surplus of $15.8 billion (0.6 percent of GDP) for 2023-24, followed by a surplus of $22.1 billion (0.9 percent of GDP ) in 2022-23.
Nikkei tumbles as markets ponder risk of higher interest rates; China wants to lower mortgage interest rates as part of its economic stimulus programs; Fed Chairman Powell speaks before salary test.
Since the Reserve Bank began raising interest rates two and a half years ago, Australians with mortgage loans have made an estimated $5.52 billion in additional repayments each month. Canstar data shows that total mortgage payments in March 2022 – when the base rate was at a record low of 0.1 per cent – were … Read more
Wall Street's major indices fell as investors held back after a rally in the previous trading session sparked by an excessive rate cut by the U.S. Federal Reserve. The S&P 500 and Dow were near record highs and were on track for weekly gains of over one percent, as was the tech-heavy Nasdaq.
Australian homeowners have been suffering from high interest rates for years and a leading economist warns that this stress is not going to end anytime soon.
A man identified by a coroner as a person of interest in the death of Dianne Brimble on a cruise ship in 2002 has been spared prison for assaulting his wife. Dragan Losic, 63, was sentenced to 14 months in prison but walked out of the South Australian District Court on Wednesday after a judge … Read more
As The West Australian has learned, West Coast has presented rising star Jake Waterman with a contract that will tie him down until the end of 2028.
In this week's Budget Busters segment, Graeme Butler reveals the trick that can get you lower interest rates and faster approval on your home loan.
Australia's largest bank has just delivered some encouraging news for struggling mortgage holders.