Economy

It’s been two years since the first cash rate hike, but home values have been resilient, CoreLogic data says.

Lender economists continue to anticipate rate cuts later this year, despite the central bank entertaining the potential of discussing rate hikes.

The state government has earmarked an additional $700 million for its shared equity home buying scheme for its final year.

The monetary policy board has made its decision for the official cash rate for the month.

While the general consensus is for the central bank to hold the cash rate at 4.35 per cent today, rate hikes may be “inevitable” to quell inflation.

More than 150,000 Australians have achieved home ownership under the government scheme.

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While dwelling approvals have begun to rise from the doldrums, high-density approvals reached a 12-year low in March, according to new data.

The November rate hike and expiring fixed-rate mortgages have impacted the living costs of employee households, the ABS has found.

Enabling Australians to access super for housing and “getting government out of the way” would help alleviate housing issues, according to shadow treasurer Angus Taylor.