While rates remain on hold,the prospects of cuts may add fuel to the fire as sheer demand for affordability has pushed prices higher.
Life is getting desperate for those bearing the full brunt of the economic crisis,but it is a very different story for cashed-up older Australians.
Ordinary families caught in the state’s housing construction gridlock are facing looming payment deadlines,putting loans for their unfinished homes under threat.
The risk of defaulting on a loan is on the rise for young Australians,but its a crisis that should concern all of us.
There are signs that higher interest rates and a slowing economy are now taking a disproportionate toll on young Australians.
The average figure West Australians are taking out for mortgages has broken the record,jumping more than $30,000 in just three months.
Consumers have had to rearrange their shopping baskets since the 2022 election to continue buying the things they need.
Growth at 0.1 per cent is abysmal. GDP per capita has fallen by 1.6 per cent since mid-2022. You don’t see that sort of fall outside a deep recession.
For Treasurer Jim Chalmers,this budget is existential. Bad decisions could increase unemployment or provoke more interest rate rises. Both would be political nails in the government’s coffin.
You can forget about pandemic-level mortgage breaks – but you can still get some reprieve on your loan if you follow these five steps.
The RBA board said it was not yet confident inflation was definitely tracking down in its estimated time frame. Here’s what the board will be watching closely to make sure it does.