RBA rate hikes, Netflix shows dropping in May & Mother’s Day giftspo: This week’s best banking news

• RBA could hike rates in May amid inflation surge
• Are there any fixed home loan rates that start with a 1?
• What’s coming to Netflix Australia in May 2022?
• All about Victoria’s Affordable Housing Rental Scheme
• Mother’s Day giftspo for under $100
• 10 app recommendations for your smartphone in 2022

All in this week’s best banking news recap: editor’s pick.

RBA could hike rates in May amid inflation surge

New data from the Australian Bureau of Statistics has revealed a 5.1% rise in headline inflation over the last 12 months, only adding to the current cost of living concerns and the likelihood of a pre-election interest rate hike.

On a quarterly basis, the Consumer Price Index (CPI) saw a 2.1% rise. According to ABS head of prices statistics, Michelle Marquardt, both the quarterly and annual increases were the biggest since the introduction of the goods and services tax.

Read the full article: RBA could hike rates in May amid inflation surge for the full scoop.

Are there any fixed home loan rates that start with a 1?

The RBA (Reserve Bank of Australia) has strongly indicated its plans to increase the Australian cash rate, meaning Aussie homeowners could soon experience a very different interest rate landscape.

“Banks have been anticipating an eventual move by the RBA for a long time now. As a result, most of the fixed rates below 2% p.a. that borrowers once had access to have now disappeared,” said Mozo Money Writer Niko Iliakis.

Read the full article: Are there any fixed home loan rates that start with a 1? to find out. 

What’s coming to Netflix Australia in May 2022?

Running out of shows to binge through? Well, lucky for you, we’re expecting to see a massive list of new content (and some returning favourites) drop on Netflix next month. 

Stranger Things Season 4 (Volume 1), Love on the Spectrum U.S. and The Sound of Music (season 1) are just a handful of what’s to come to the streaming platform in May 2022.

Read the full article: What’s coming to Netflix Australia in May 2022 for a month’s worth of content.

All about Victoria’s Affordable Housing Rental Scheme

Amid the current cost of living crisis and home loan interest rate rise conundrum, Victorians could soon find a source of relief.

To help close the housing gap and alleviate rental stress, the Victorian government recently announced its plans to launch an Affordable Housing Rental Scheme.

“As part of their $5.3 billion Big Housing Build, the scheme will deliver an initial supply of 2,400 affordable rental homes to metropolitan Melbourne and regional city centres. Special provisions have also been included for essential workers, like nurses, police, and teachers,” said Mozo Money writer Evlin DuBose.

Read the full article: What is Victoria’s Affordable Housing Rental Scheme? Everything you need to know for a full rundown.

Mother’s Day giftspo for under $100

Feeling personally victimised by all the ‘Mother’s Day sale’ signs you pass on your way to work? [one of the few perks of spending the last two Mother’s Days’ in lockdown.]

Don’t fret. It is actually possible to spoil mum without it costing an arm or a leg.

Is mum a ‘Daisy by Marc Jacobs’ kinda gal? Grab her a 60ml bottle of Marc Jacobs Daisy Love Eau So Sweet de Toilette for $88. Or maybe she’s looking to revamp her skincare regime, in which case I’d check out the Skinstitut Starter Kit for $74.25 (a personal fave of mine). 

Read the full article: Mother’s Day gift ideas? Here’s some inspiration under $100 for more giftspo!

10 app recommendations for your smartphone in 2022

Keen to spruce up your phone with some of the latest trending apps? We’ve just made a list of some of our favourite app picks that you’ll want on your device ASAP.

Whether you’re looking for something practical to help you get from A to B or something to help fulfil all your astrology needs - there’s something for everyone.

Read full article: 10 of the best apps for your smartphone in 2022 for some top tech reco’s.

Looking for a new home loan? Take our free home loan comparison tool below for a spin and start comparing home loan options today.