Economy

The central bank may not wait for inflation to return to its target band before cutting interest rates, the RBA governor has said.

The cash rate is unanimously believed to be at its apex; however, borrowers are still showing signs of stress.

Living costs for employee households were most affected by mortgage interest charges, the ABS has revealed.

New legislation for the incoming stage 3 tax cuts has been introduced into Parliament.

Interest repayments on household debt are set to continue increasing as more fixed-rate mortgages roll onto higher rates, the central bank has said.

Although the official cash rate remains unchanged, the RBA governor has flagged that more rate increases are still possible.

The RBA is expected to leave the official cash rate unchanged at its first board meeting of 2024.

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgage market.

Despite rising home values, new home lending volumes dropped in December 2023, new ABS figures have shown.

The lower-than-expected CPI figures will likely convince the RBA to hold the cash rate in February, economists have said.