Cash rate falls to 0.75%

The Reserve Bank of Australia has cut the official cash rate by 25 basis points to a new low of 0.75% in its October meeting today.

Aussie, Gateway Bank, ME Bank and more cut home loan rates

The Reserve Bank’s monthly meeting is just around the corner with a rate cut almost a certainty, but that hasn’t stopped lenders cutting rates for new customers as the home loan war heats up.

Household wealth hits a new record high

Australia’s household wealth has hit a new record high, smashing the previous highest ever recorded figure of $10,422 billion in September last year.