The way banks calculate interest means that Australian borrowers who sign up to pay 5.95% per annum pay something closer to 6.11%.
With rising interest rates and a new governor chosen, the RBA is under pressure to ease cost-of-living pressure. But there are other things it must consider.
Australia is seeing mortgage stress and other cost-of-living pressures rise, but we can avoid the financial impact being felt in the UK and US, says a UNSW Business School real estate expert.
UNSW Business School Professor Peter Swan explains what a rate hike would mean for borrowers and the Australian economy
Nothing is certain except for death and taxes. And even after death, taxes are one of the first liabilities to be paid off, but what about the rest of your debts?
Profit incentives might prevent banks following the lead of the Reserve Bank when it next cuts rates.