Economy

It’s not the 25-bp hike that surprised markets, rather it’s Philip Lowe’s choice of wording.

Treasury has reacted to the RBA decision assessing a 2023 economic slowdown, but for ‘how long?’ and ‘by how much?’, economists have posed.

Home owners are ringing in the festive period with a present they cant re-gift, after the RBA announced a rate hike for the month of December.

It is highly likely another 25-bp hike is ‘coming down the chimney’ today, major bank economists have suggested.

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

The building sector has been pumped up from the backlog of construction work, but demand is beginning to ease as the cost of mortgages increases.

NAB has committed to lending at least a further $6 billion by 2029 towards affordable and specialist housing.

In case you missed it… softening inflation, poses a ‘dilemma’ for RBA, borrowers receive apology from the Reserve Bank, brokers facilitated more than 70 per cent of mortgages, and more

Household financial stress will ratchet higher as rates increase and would then be impacted by any downturn in the labour market, Westpac Bank has warned.

RBA governor Philip Lowe has issued an apology to borrowers who “acted on what we’d said and now regret what they had done.”