A leading analyst has revealed the impact a feared interest rate rise would have on Australia’s property markets, declaring “some cracks are already showing”. The monthly measure of inflation for the year to May, released last week, hit four per cent, which was above expectations and marked the highest rateContinue Reading
The health benefits of working from home may have been “oversold” by its proponents and too much time away from the office “is likely to be bad for your health”, according to Dr Nick Coatsworth. The country’s former deputy chief medical officer, now the Nine Network’s medical expert, has takenContinue Reading
The Reserve Bank has spared borrowers fresh pain, but households holding out for rate cuts have had their hopes dashed with relief still expected to be months away. In a statement after the decision was announced at 2.30pm on Tuesday, the RBA said “a further increase in interest rates cannotContinue Reading
Reserve Bank governor Michele Bullock isn’t ready to cut interest rates just yet. But after the central bank’s aggressive campaign to quash demand and cool price pressures, delivering blow after blow to homeowners, the focus of economists and analysts has pivoted to the timing and speed of a rates reprieve.Continue Reading
Resilience in the economy has caught the attention of economists, with a major bank making an amendment in their interest rate projections that will concern Aussie homeowners. Deutsche Bank, in anticipation of an upcoming RBA cash rate decision on Tuesday, has revised its peak cash rate forecast from 4.1 perContinue Reading
The first of the big four has reacted to the Reserve Bank’s decision to hike rates again for the 12th time in 14 months. On Tuesday, Australia’s central bank hiked up interest rates by 25 basis points, bringing the cash rate to a whopping 4.1 per cent. That’s a significantContinue Reading
The Reserve Bank of Australia (RBA) has decided to pause interest rates at 3.6 per cent. On Tuesday at 2.30pm, the RBA revealed that interest rates would remain the same for the time being. Homeowners have been given a brief reprieve following 10 months of consecutive interest rate rises sinceContinue Reading
A migrant who came to Australia six years ago has revealed how he overcame job losses and $20,000 worth of debt to purchase seven homes in just 18 months. On his son’s second birthday in July 2017, Rohit Gehlot made the heartbreaking but necessary journey from India to Sydney inContinue Reading
European bank shares slumped Friday, sending stock markets tanking as contagion fears erupted once more after a raft of global interest rate hikes. Frankfurt’s Deutsche Bank shares nosedived more than 13 per cent on the lender’s spiking cost of default cover, or credit default swaps, while peer Commerzbank tumbled byContinue Reading
Shares in major investment bank Credit Suisse plunged by 26 per cent last night as the financial institution teetered on the brink. Trading in Credit Suisse – the world’s seventh largest investment bank – was suspended several times as stock plummeted, sparking a worrying ripple effect that saw shares inContinue Reading