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The Reserve Bank of Australia is steadfast in its fight against inflation, even if it means mortgage holders will pay even more in the coming months.
Aussie mortgage holders are in theory the most exposed to interest rates rises in the world, yet there is little evidence of a mortgage cliff, the RBA said.
Aussies are doing what the Reserve Bank of Australia is asking and cutting back on spending, but they might need to wait nine months for a reduction on their mortgage.
The ASX 200 rose slightly during Monday’s trading, pushed higher largely by Australia’s resource companies.
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One of Australia’s largest property developers is flagging green shoots in the market which has struggled throughout 2024.
The ASX 200 rose slightly during Friday’s trading, as the market had a benign broad based rally as Donald Trump announced more key appointments.
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A powerful union is pushing the federal government to legislate a huge workplace change that will affect every single Aussie worker.
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The ASX 200 fell by 0.8 per cent during Wednesday’s trading, as investors think through the implications of the second Trump presidency on Australia.
Original URL: https://www.themercury.com.au/business/markets