A depressing map revealing the least affordable housing markets in the world includes three Australian entries, with one city ranked second-worst globally. The illustration uses the latest data from Demographia examining 94 major housing markets across eight countries to compare affordability in some of the world’s biggest economies. It dividesContinue 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