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UPDATED
Cash rate hits 18-year high in fresh blow for borrowers
The benchmark borrowing rate has been lifted to an 18-year high in a widely anticipated decision by the Reserve Bank of Australia on Melbourne Cup Day.
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Economy
Cash rate hits 18-year high in fresh blow for borrowers
The benchmark borrowing rate has been lifted to an 18-year high in a widely anticipated decision by the Reserve Bank of Australia on Melbourne Cup Day.
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Economy
'More work' for Labor as borrowers brace for rate rise
Interest rates are set to rise and stay high possibly until late 2027 as Labor continues to fend off accusations out-of-control spending is to blame.
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Economy
Long wait for mortgage relief after odds-on rate rise
The Reserve Bank is tipped to lift the cash rate to an 18-year high and if some economists are to be believed, mortgage-holders face a lengthy wait for relief.
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Economy
Pressure on households mounts on back of another rate rise
There is growing concern that household already feeling the pinch will now do it even tougher on the back of the expected the RBA’s cash rate increase.
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Economy
Price slide hits $63,000: rates to fuel property plunge
While the sharp downturn house pricing is sending ripples through the market – with more to come – a senior government minister says it’s a good thing.
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Property
NSW Government not acting in the 'consumer's best interests'
Peak body says restrictions on advertising a house price are negative and 'it is imperative for government to acknowledge that vendors are consumers too'.
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Economy
Housing affordability big issue but so is falling value of homes
New survey shows 'Australians see a range of factors influencing their ability to buy, from the type and location of housing available to the upfront costs of purchasing'.
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Economy
Big bank predicts household spending to slow
CommBank economist says 'our data is showing households are cutting back, with more spending on fuel meaning less spending elsewhere'.
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Economy
PM in Caribbean as rate pain and poll woes mount
A looming cash rate rise and persistently lacklustre polls confront Labor leaders at home as the prime minister mixes with royalty overseas.
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Economy
Nation readies itself for rates that stop inflation
The Reserve Bank is widely tipped to lift interest rates for a second straight meeting on Melbourne Cup Day, further hitting Australia's falling housing market.
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Economy
Cracks emerge in opposition over super stance
Liberal backbencher says 'economists are telling us next year is going to be worse than the past year. I think our focus needs to be on the future and that security'.
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Economy
Cagey buyers push home sales rates to post-pandemic low
The share of homes selling under the hammer has plummeted to a post-pandemic low as would-be buyers brace for another interest rate rise.
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Economy
No end in sight for worst levels of mortgage stress
New research shows more Australians are at risk of mortgage stress but if interest rates rise again, 'the level would be at its highest rate since June 2008'.
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Property
Now is the time to speed up housing reforms
Improvement is welcomed but 'the reality is that affordability remains under immense pressure because we still don't have enough homes to meet demand'.
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