Inflation figures to give big hint on rates
The June quarter inflation data will be released on Wednesday morning, giving pundits a clearer idea of whether the RBA will seek to hike rates next week.
The June quarter inflation data will be released on Wednesday morning, giving pundits a clearer idea of whether the RBA will seek to hike rates next week.
The sharemarket retreated on Tuesday on the back of a sharp mining slump.
New data shows building approvals have stuck at near decade lows despite a modest uptick in the first half of the year, with NSW dragging down other states.
Aussie shares booked a positive session on Monday on the back of a relief rally from Wall St on Friday.
A new property market report has painted a grim picture for Aussie house prices in 2024, with one expert warning the market could be “fragmented”.
Homelessness services helping struggling Aussies are at “snapping point” as continued rent hikes keep forcing people to seek alternative options.
As new data showed the economy “hit the wall” in the September quarter, traders ramped up their bets the RBA would start cutting rates, sending the share market higher.
A surge in mortgage repayments, a jump in the income tax take and still-high inflation dragged household spending to a halt in the September quarter.
High interest rates, soaring material costs and an insolvency crisis in the building industry have delivered a fresh blow in Australia’s housing crisis.
The RBA has made its final decision for the year, delivering a surprise move after last month’s rise which saw homeowners across the country lumped with mortgage pain.
As household borrowers breathed a sigh of relief as the RBA held off on another rate hike, the Aussie share market had its worst daily result in more than a month.
Rental prices in Australia are expected to climb throughout next year but one capital city in particular may see a rise of almost 10 per cent.
While household borrowers were spared at the central bank’s final meeting of the year, further rate pain could be right around the corner, economists warned.
Ahead of the RBA’s final board meeting for 2023, the Australian share market reached a 10-week high on Monday as fears of further rate tightening continue to fade.
Original URL: https://www.goldcoastbulletin.com.au/business/economy/interest-rates/page/61