Australians are “furious” about inflation and it will take the nation years to fully get on top on higher post-pandemic living costs, the Reserve Bank’s deputy governor says. Ahead of the central bank’s meeting later this month on interest rates, Andrew Hauser said inflation remained too high despite Australia’s economy broadly doing well. “People are […]
Australians are ‘furious’ about inflation: RBA deputy Read More »
The Reserve Bank might have to raise interest rates if inflation is higher than expected as oil prices surge back towards $US100 a barrel. More attacks on oil tankers in the Strait of Hormuz drove Brent crude above $US97 a barrel, which will seep into domestic petrol and diesel prices and broader cost pressures for […]
Reserve Bank’s grim rates warning as oil prices spike Read More »
Australia’s peak property season has opened with a whimper, featuring low stock and lacklustre auction success rates. Capital cities hosted just 1462 auctions in the first week of spring – more than 30 per cent down on the figure for a year earlier. The combined preliminary clearance rate hit 52.7 per cent, just 0.4 points […]
Cold start to nation’s normally hot home sales season Read More »
Australia’s largest home lender has warned property prices could fall in capital cities by 10 per cent, with the downturn faster and broader than expected. The Commonwealth Bank said in a housing update it expects a deeper correction in the property market than anticipated, with the falls extending through to April next year. The bank […]
Property market to face ‘deeper correction’, bank warns Read More »
More interest rate hikes are on the cards after Australia’s headline inflation rate came in higher than expected, despite falling to its lowest level in eight months. The consumer price index rose one per cent in July, resulting in the annual rate of inflation falling to 3.5 per cent, the Australian Bureau of Statistics reported […]
‘Hot mess’ inflation result puts rate rise on the table Read More »
Purchases of Australian property by overseas investors have plunged after the government announced a ban on foreigners buying Australian homes. The number of investment approvals fell by more than 22 per cent to 5284 in 2024/25, the Productivity Commission found in its annual trade and assistance review. The decrease was almost entirely attributable to the […]
Foreign property purchases fall as home buyer ban bites Read More »
For most Australians, a home mortgage is one of the biggest financial commitments they will ever make. Yet once the loan is established, it can be surprisingly easy to simply keep making the repayments without regularly asking whether the loan is still competitive or appropriate. Interest rates can change that conversation very quickly. When rates […]
When interest rates move: Is your home loan still right for you? Read More »
Falling inflation levels have defied Reserve Bank predictions, alleviating fears another interest-rate hike is imminent. The latest Australian Bureau of Statistics data showed headline annual inflation falling to 3.8 per cent in June, down from four per cent a month earlier. The figure is the lowest level since the outbreak of the US-Iran war in […]
Surprise inflation drop eases chance of RBA rate hikes Read More »
Systemic shoddy record-keeping at big banks is risking the savings of Australians trying to benefit from a safe investment strategy. The financial regulator issued the warning around mortgage offset accounts, which are marketed to borrowers as a way to whittle down mortgages and cut interest payments. But the Australian Securities and Investment Commission said thousands […]
Shoddy bank record-keeping hits savers as scammers lurk Read More »
Allowing three-storey townhouses to be built on most residential land is one of the key recommendations of a major report outlining what Australia needs to do to fix its housing crisis. Governments have gotten in the way of new housing supply by imposing layer upon layer of regulation over the years, the report released by […]
Red tape strangling efforts to tackle housing crisis Read More »
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