Refinance News

    Australia’s Official Interest Rate Trends: Rapid Rise from 0% in 2022 to 4.35% by November 2024, Reflecting Reserve Bank of Australia’s Monetary Policy Adjustments NAB predicted that interest rates would fall by three cuts, which is a major development for borrowers and businesses Australia-wide. For the last year, Australians have been under intense …

NAB Predicts Three Interest Rate Cuts for 2025 Amid Economic Optimism Read More »

Cash Flow Issues Like a Parameter for SMEs in Australia As 2025 approaches, Australian Small and Medium-Sized Enterprises (SMEs) face a significant challenge: while cash is crucial for any business, small and medium-sized enterprises increasingly prioritise cash flow. Rising operational costs, payments lag, and the uncertainty of the economy prove ominous for business owners like …

Australia’s SMEs Hit Hard by Cash Flow Issues Read More »

Sluggish Wage Growth and Rising Costs Recent data from the Australian Bureau of Statistics (ABS) shows wage growth slowing down, with the Wage Price Index (WPI) rising just 3.5% for the quarter ending in September. For the first time since mid-2023, WPI growth has dropped below 4%, and average hourly wage increases have slipped to …

Wage Growth in Australia Slows Down: Here’s What It Could Mean for Interest Rates and Your Wallet Read More »

This week, big four bank NAB changed its prediction for the RBA’s first rate cut from May 2025 to February. This gave people more hope for a rate cut in the near future. It happened after CommBank pushed back its own rate cut forecast from November to December. This suggests that the market is starting …

Huge Savings Up for Grabs: Banks Slash Rates Read More »