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The Reserve Bank has raised interest rates for the fourth month in a row, raising its target rate by half a percentage point. Key points: RBA has raised interest rates by 0.5 percentage point The target cash rate has now increased by 1.75 percentage points since early May to 1.85 percent A cash rate increase since early May will add about $472 per month to a $500,000 loan payment The RBA has now raised its benchmark interest rate by 1.75 percentage points since the first rate hike in May, with the target rate at 1.85 percent. In his post-meeting statement, Reserve Bank Governor Philip Lowe said the latest rate hike is unlikely to be the last this year. “The board expects to take further steps in the process of normalizing monetary conditions over the next few months, but not on a predetermined path,” he said. “The size and timing of future rate hikes will be guided by incoming data and the board’s assessment of the inflation and labor market outlook. “The B...

Jodi Gordon has cast out her demons as she embarks on a new chapter of health and sobriety. Home and Away Star, 37, spent 30 days in rehab for alcoholism earlier this year, and is now on the road to redemption after embracing a healthier lifestyle, banning alcohol and remaining single. ‘Life isn’t always perfect, you have ups and downs’, Jodi exclusively told Daily Mail Australia at the launch of Life Botanics’ new vitamin range in Sydney on Tuesday. Jodi Gordon, 37, (pictured) has unlocked her year of redemption as she embraces sobriety and single life after overcoming alcoholism in rehab and a string of bad romances ‘I’ve made some big changes this year. So this is a journey of taking my life to a place where I’m making a change, really taking the time to invest in myself.” Jodi, who is a celebrity ambassador for Life Botanics, said she has made positive changes in recent months, including following an exercise regimen, practicing...

Zip shares have fallen 93 percent in the past year, while the owner of Afterpay, US fintech giant Block, has plunged more than 70 percent. Competition from banks and technology giants is one of the reasons why BNPL’s valuation has plummeted. Credit: Matt Davidson With stock prices falling like that, it might be tempting to think about the buy now, pay later concept is in deep contention. But at this point, it is important to distinguish between the market value of these stocks, and the usefulness of the products. Much evidence would suggest that many people – especially younger shoppers – find it helpful to split their payments into four installments, rather than risk paying high interest on a credit card. That trend is unlikely to change any time soon. Recent estimates from the industry show there are around 5.9 million active BNPL accounts in Australia, and on average, they are used for small purchases of around $150. Compared to the total value of the loan or repay...

In an awkward moment, the hungry man scares a delivery worker who yells at his dog to ‘stay away from the door’ – and then is so annoyed by the guilt that he sets out on a quest to track him down. TikTok of Melbourne man telling delivery man ‘stay out of door’ goes viral Mark Polchleb was horrified after seeing the vision and started tracking it Delivery driver Sami Obeid is tracked down in a truly heartwarming video Delivery service DoorDash thanks Sami for his service with a raise By Ben Talintyre For The Australian Daily Published: 02:59 EDT, 13 July 2022 | Updated: 03:40 EDT, 13 July 2022 An Aussie who accidentally shouted at the delivery driver – when in fact he was shouting at his dog – has tracked him down to apologize personally. Last week, hungry Melbourne man Mark Polchleb posted a video showing CCTV footage of a misunderstanding he had with his DoorDash driver. The f...

A mother who had her 18-year-old daughter sign a $100-a-month rent to continue living at home has sparked a heated debate on TikTok after opening up about her new financial arrangement with the teenager. An Oklahoma mother filmed her daughter Jada, 18, signing a legal lease agreement and posted it with the caption ‘when your 18 year old decides to stay home’. The video of the unnamed woman was later cut to her daughter signing a legal agreement with the text ‘arrangement. [her] for success.’ Her clip sparked a firestorm on the video-sharing app, garnering more than 1.5 million views, as well as thousands of likes and comments – with many users divided over whether the mother treated her daughter fairly. An Oklahoma mother has gone viral on TikTok for getting her daughter Jada, 18, to sign a rental agreement and has captioned the video ‘when your 18 year old decides to stay home’ The mother-of-six filmed her daughter Jada (pictu...