Australia could enter a recession, with the Reserve Bank raising interest rates a further three times, economists warn as fears of a protracted conflict mount.
A reform Western Australia’s tenancy bonds process means renters will no longer have to go to court to get their bond back if the landlord withhold payment.
Central bank watchers will get to peak into the Reserve Bank board room as minutes of a meeting that split 5-4 in favour of an interest rate hike are released.
CBA warns that inflation will continue to rise to alarming numbers and the Middle East conflict will not end anytime soon.
OECD report says Governments must lessen budget deficits to ease the burden on cost of living as oil prices continue to hit hard.
The economy is expected to be hit with a savage inflation spike which will in turn increase the chances of more interest rate hikes.
Rising interest rates and living cost pressures mean it will be a tough year for the housing market, and even more so for renters.
Housing and electricity main contributors to inflation but figures have not taken into account the Middle East conflict.
Despite a raft of initiatives, many states have fallen behind in attempts to reach housing supply targets set for 2029.
State Government urged to think twice about initiating legislation at a time when building and fuel costs are continuing to rise.
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