Borrowers face the possibility of interest rates going up rather than down again after the Reserve Bank held steady following a spike in inflation.
The rising cost of new homes and services such as takeaway meals were key to the Reserve Bank's inflation miss in September and could rule out future rate cuts.
The recent downward trend continues for Australian shares as investors await hints from the Reserve Bank on the future path of interest rates.
The Reserve Bank of Australia has held mortgage rates steady after a surprise jump in inflation wiped out hopes of more rate cuts.
More than 17,000 dwellings were approved for constriction in September which is good news, but leaders say we are still off the required pace.
Outages, pricing and competition will form part of a probe into NSW e-conveyancing practice. The inquiry comes after the governing body’s delay in an interoperability rollout.
Consumers in some states will be able to use electricity without charge for three hours a day under a market offer designed to spread solar benefits.
Slashing the amount needed for a first home deposit might be doing more harm than good for young Australians hoping to get a foothold on the property ladder.
With inflation and unemployment rising, the Reserve Bank has no option but to hold rates and a return to hikes looks increasingly possible.
The Reserve Bank is widely expected to keep rates on hold after a spike in inflation, with the bank's updated economic forecasts set to be closely scrutinised.
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