Grim reality of mortgage spike revealed
The Reserve Bank has revealed a grim statistic showing the pain Aussie households are facing in paying their mortgages, after a punishing 12 rate hikes.
The Reserve Bank has revealed a grim statistic showing the pain Aussie households are facing in paying their mortgages, after a punishing 12 rate hikes.
China’s debt-ridden property sector and high interest rates across the globe point to bad news for the Aussie economy, the IMF has warned.
Aussie homeowners are in line for two more massive interest rate shocks in 2023 and the impact could be far reaching.
Aussies are continuing to suffer from soaring rental costs as the national vacancy rate fell to a record low in September.
The Australian sharemarket bounced for a second straight session on Thursday as a number of pleasing factors whet traders’ appetites.
Australia’s Reserve Bank will soon follow the US Federal Reserve in starting to raise interest rates, economists say.
Investors breathed a sigh of relief as inflationary pressures eased somewhat ahead of Thursday morning’s meeting of the US Fed.
The RBA governor has delivered a major speech highlighting the one major factor driving a probable rise in Australian interest rates.
The economy is rocked with uncertainty but signs are pointing towards Aussie house prices continuing to rise by record amounts.
Further gains for oil and iron ore on the ASX 200 and near-record coal prices fuelled a rollicking run for Australia’s resources sector.
Russia’s ruble is now worth less than a cent as the country’s economy buckles under crippling sanctions imposed by the West.
A surge in household spending helped Australia’s economy rebound in the December quarter, prompting this claim.
Original URL: https://www.couriermail.com.au/business/economy/interest-rates/page/177