The average mortgage-holder's repayments could soon jump an extra $90 a month, with another Reserve Bank interest rate hike on the cards as early as February.
Australia's economic growth rate came in below market expectations, but a strong domestic pulse shows the economy is in good shape.
The Reserve Bank may soon need to tap the brakes as Australia's economy approaches its speed limit as high government spending collides with low productivity.
Developing just a fraction of single-occupancy homes in Australian cities into duplexes would be enough to eliminate the nation's housing shortfall.
Economists say the Reserve Bank might have lowered interest rates too far after a surprise inflation print revealed price pressures are still running hot.
A Reserve Bank official says the neutral rate may have increased since the pandemic, which would limit how far rates could be cut without adding to inflation.
More than 80,000 sorely needed homes cannot be built due to a lack of investment in power, roads and sewers, councils say.
An extraordinary rise in demand combined with constrained supply has created a boom in Australian home values and rents over the past five years.
Inflation data will dominate the domestic economic dashboard, while the UK budget and New Zealand rate cuts are on the agenda abroad.
Aspiring home buyers are fleeing to the regions as falling interest rates and limited supply drives city house prices to fresh record highs.
Get Australian Conveyancer News Alerts pushed to you
All news, articles and insights on the Australian Conveyancer are available free and online. Subscribe to receive these insights direct to your inbox every week. Stay on top of the issues affecting the industry and your business.