‘Collapsed’: Swift reaction to rate hike
There are warnings that the outlook for the property market is “dire”, with predictions the rate rise will spook buyers and see prices plunge.
Stay informed with the latest news, insights and developments on the cost of living and its impact on Australian households. From soaring rent and mortgage rates to inflation, wages and the affordability of essentials like groceries and energy, we deliver key updates, expert analysis and public reaction all in one place.
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There are warnings that the outlook for the property market is “dire”, with predictions the rate rise will spook buyers and see prices plunge.
With the RBA almost certain to increase the cash rate on Tuesday afternoon, some economists are predicting it could be a regular monthly occurrence.
As Australia sits on a knife edge waiting to see if interest rates will be increased, a huge number of people are already struggling.
Pressure is piling on for homeowners as interest rate rises could leave them struggling to meet repayments on a house worth less than what they paid for it.
The “brutal” rental market has been exposed in an unsettling new report, which shows a huge number of Aussies are priced out of the market.
Rising global food prices have prompted the president of the World Bank to warn of an impending “human catastrophe”.
There’s one thing Russia has that the world needs – and Putin knows it. If he pulls off his plan then it could cause a “global crisis”.
A chilling warning has been issued that China’s zero-Covid policy is going to inflict “damage” globally, with more cost of living pain headed our way.
As the cost of living in Australia soars, your daily $4 coffee is at the centre of a battle that’s frothing up over wage rises.
A single image of lettuces being sold at Coles for nearly $6 has exposed the stark reality of Australia’s cost of living crisis.
House prices could tumble thanks to a key factor in Australia’s economy which is improving faster than anyone expected.
A phenomenon dubbed the Great Resignation is about to hit Australia, and despite the scary name, it could actually force wages to increase.
Health insurance, electricity and broadband are among our biggest monthly bills and while many of us plan to do something about the cost, few of us do.
Turns out that when it comes to saving money, buying coffee and avocado toast might not be a problem after all if you can answer these questions first.
Mum of four Kristy Chong knew she had a great idea for a product but first of all she had to stop people being “squeamish”.
Original URL: https://www.news.com.au/topics/cost-of-living/page/20