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More pain brews for borrowers as rates hit 15-year high

CASH-STRAPPED borrowers are being warned of more hikes to come by the Reserve Bank of Australia after it lifted interest rates to a 15-year high. In a unanimous decision, the central bank’s nine-member board lifted the cash rate target by 25 basis points to 4.6 per cent as it wrapped up its two-day meeting on Tuesday. Inflation was too high and the board needed to lift interest rates to get it down, RBA governor Michele Bullock told reporters in Sydney. The move was no surprise. Financial markets and economists had been almost unanimous in predicting the RBA’s fourth r

RBA to scrutinise unfortunate inflation data after hike

Middle East or money-wasters: inflation mud-fight grows

More house price falls on cards as rates squeeze buyers

Rates blame game: Property Council aims up on government

Kochie on government spending: Name, shame and share the pain

Home building approvals drop challenges national 2029 target

Headline inflation jumps back to four per cent

AUSTRALIA’S annual headline inflation rate has climbed to four per cent as higher oil prices continue to filter through the economy. The consumer price index rose 0.4 per cent in A

Councils urged to join in planning reform

TASMANIA’s local councils influence how many and how fast homes are built across the Apple Isle. It’s not just a matter for its state government, the housing industry’s peak body says. A

Home-life balance: Property over lifestyle

SEVENTY-FIVE per cent of Australians are willing to cut lifestyle spending to afford a home, according to new research from property analyst Cotality. Its latest Consumer Sentiment Repor

Modular homes fill niche in gridlocked council

BUILT in a factory yard in the heart of Adelaide’s industrial suburbs, prefabricated homes are filling a niche for rural communities. “Their timeline for construction a