Laine Gordon is the Head of Public Relations at RateCity.com.au. She specializes in real estate, markets, mortgage rates, and public opinion polls, often exploring the intersections of these themes. Laine's insights and expertise have been featured in various publications, including RateCity.com.au.
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Australia (National)
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Laine Gordon's coverage primarily focuses on personal finance and the financial sector in Australia. Her articles often cite data, indicating a preference for fact-based information and statistics.
Given her focus on personal finance, Laine would likely be interested in pitches related to consumer financial trends, impact of policy changes or economic indicators on individual finances, or expert analysis on shifts in savings rates, mortgage rates, refinancing options and their implications for Australian consumers.
As Laine's geographic focus is national (Australia), she may show particular interest in topics directly relevant to Australian financial markets and policies. Pitches that address the specific impacts of regulatory changes by institutions such as RBA hikes or developments within major banks could be particularly appealing to her.
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People who bought in the last couple of years and borrowed at capacity are set to plunge further into mortgage stress when the eleventh RBA hike hits their bank accounts.
NAB has today increased the rate on its advertised basic variable home loan by 0.10 percentage points, but only for new customers with big deposits.
Westpac has today announced it will be ending its $3,500 cashback for refinancers on 30 June as it pulls out of the chase for new customers.
The value of refinanced loans took a tumble in April, recording a $2 billion drop compared to the previous month.
ANZ’s economic team has today revised its forecasted cash rate peak to 4.35 per cent - the highest of the big four banks predictions – with one rate rise expected in June or July, and another in August.
By: Laine Gordon
Westpac has announced it will pass on the latest 0.25 percentage point RBA hike to its variable mortgage customers.
Rapidly rising interest rates could see the average family’s maximum borrowing capacity shrink by $247,700, compared to April last year, once the latest RBA hike takes effect.
CBA will be passing on the full hike to all three of their key savings accounts. As a result, the highest ongoing savings rate from Australia’s biggest bank will be 4.65 per cent for all adults, while YouthSaver customers will get 4.75 per cent, provided they meet the bank’s terms and conditions.
Bank of Queensland has announced an increase to its Future Saver account, with a new rate of 5.50% from 16 June. This increase puts it on par with ING’s Savings Maximiser. Both now have the highest ongoing savings account rates in the market.
Written by Laine Gordon Almost a dozen providers have slashed interest rates on savings accounts, with some handing down cuts that exceed last week's RBA cash rate cut, new research from RateCity.com.au shows.
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