A Perth real estate agent has decided honesty is the best policy with a warts-and-all pitch on a rundown duplex. The three-bedroom, one-bathroom duplex in Camillo in southeastern Perth was sold in March for a measly $140,000. It is the cheapest home sold there this year. O’Neil Real Estate agentContinue Reading
Australia’s lowest-paid workers are celebrating the news that the minimum wage is rising considerably in line with inflation, but it could be bad news for everyone else. Industry bodies and economists have warned the pay boost could worsen the financial situation for millions of Australians — including the very peopleContinue Reading
In response to the nation’s escalating inflation rates, ANZ has revised its previous forecast, deeming a terminal cash rate of 4.1 per cent insufficient to address the issue. The bank now predicts that the Reserve Bank of Australia’s (RBA) terminal cash rate will need to be raised to 4.35 perContinue Reading
The rebound in housing prices is accelerating despite the Reserve Bank’s campaign to lift interest rates. National home prices have increased 0.33 per cent in May, bringing the 2023 rise to 1.55 per cent according to PropTrack’s latest house price index. Every capital city except Darwin recorded an increase andContinue Reading
Amid rising inflationary pressures, the Reserve Bank of Australia (RBA) finds itself at another juncture, contemplating the possibility of not one, but two additional cash rate increases in the coming months. According to leading economic research firm Capital Economics, the RBA may need to wield its monetary policy tools moreContinue Reading
Australians with higher education Help loans will be able to earn slightly more before they start making repayments as inflation drives up student debts to new highs. The federal government lodged the official Help repayment thresholds for the 2023-2024 financial year on Thursday, which confirmed the minimum repayment threshold hasContinue Reading
A billionaire developer has claimed the country is destined for recession without urgent government intervention, and has also blasted the RBA’s handling of our inflation crisis. Speaking to Seven News reporter Chris Reason this week, Meriton founder Harry Triguboff said interest rate hikes would do little to battle the nation’sContinue Reading
Finance guru Mark Bouris says he is hearing rumours of distressed homeowners quietly selling their properties in a “bad indicator” for the market. The executive chairman of mortgage broker Yellow Brick Road on Wednesday issued a dire prediction for next month’s Reserve Bank meeting, saying it was “more than likely”Continue Reading
Former Reserve Bank of Australia governor Glenn Stevens has warned of continued interest rate rises as global economies continue to recover from the financial impacts of Covid-19. Speaking at the Australian Petroleum Production and Exploration Association (APPEA) conference in Adelaide on Tuesday, Mr Stevens used a keynote speech to forecastContinue Reading
House prices in some Aussie suburbs are set to double over the next five years while other previously hot areas could see values slashed by hundreds of thousands of dollars, new modelling suggests. Exclusive PropTrack modelling conducted for News Corp shows what dwelling prices will be in 2028 if marketContinue Reading