Tight jobs market adds to pressure on Reserve Bank to accelerate rate rises
The number of people looking for a job or underemployed has dropped to its lowest level in 40 years as the unemployment rate remains steady at 3.9 per cent.
- by Rachel Clun
Latest
Wage rise tipped to spur greater living costs
Prime Minister Anthony Albanese praised the decision by the Fair Work Commission to award a $40-a-week increase to the minimum wage saying it was a cost of living lifeline.
- by Rachel Clun and Angus Thompson
‘We’ll do what’s necessary’: RBA’s Lowe flags 7 per cent inflation, more rate hikes
Reserve Bank Governor Philip Lowe said in a rare interview that he expected inflation to exceed expectations, warning home buyers to brace for higher interest rates.
- by Rachel Clun
Pandemic trend here to stay as regional house price growth outstrips Melbourne, Sydney
For the first time the combined value of Australian homes has exceeded $10 trillion.
- by Rachel Clun
Stamp duty move puts pressure on other states
Economists welcomed NSW’s plan to phase out stamp duty, but warned the slated plan to exclude higher value properties is flawed and will create problems down the track.
- by Rachel Clun
Mortgage ‘cliff’ looming for home owners when fixed-rate loans end
Experts are warning borrowers who were able to lock in low, fixed mortgage rates early in the pandemic face a jump in repayments once their terms expire.
- by Rachel Clun
No quick fixes to cost of living pressures from Labor government
Economists and the OECD said any government assistance should be carefully targeted to avoid adding fuel to the inflation fire.
- by Rachel Clun
Updated
Biggest rate hike in 22 years puts more pressure on households as RBA moves to curb inflation
The government is under pressure to bring forward cost of living relief measures after the RBA announced a higher-than-expected increase in the cash rate.
- by Rachel Clun
Households facing bill crunch from all sides as interest rates rise
Economists say Australia’s central bank can only do so much to counter cost of living problems, which are largely driven by global price growth in essentials including oil and food.
- by Rachel Clun
Reserve Bank will lift rates amid cost-of-living pressures, but by how much?
Jim Chalmers said the cost-of-living squeeze was worse than the March budget forecast, leading to speculation the RBA could raise rates even higher than markets are tipping.
- by Rachel Clun
Updated
‘Impressive appointments’ to Coalition frontbench in post-election reshuffle
Ten women will be in the Coalition’s shadow cabinet, including Jane Hume in finance and Karen Andrews in home affairs, while the Nationals will retain six spots.
- by Rachel Clun and Angus Thompson