West Australians feel the worst about buying a house than the rest of the country, a new survey has revealed, as the State’s property prices continue their stubborn climb.
Cheyanne Enciso and Katina Curtis
Reserve Bank of Australia deputy governor Andrew Hauser has defended its approach to interest rates after it reversed the string of rate cuts in 2025, saying criticism can easily be made with hindsight.
Cheyanne Enciso
Reserve Bank governor Michele Bullock has warned Australia’s poor workplace productivity could lead to stagflation where unemployment and inflation were both high at the same time.
Stephen Johnson
A big bank economist tips business investment will rise at the fastest pace since the mining boom.
Matt Mckenzie
The city has lost its crown as Australia’s inflation capital — for now at least — though prices have lifted more than 28 per cent since 2019.
Annual trimmed mean inflation is tipped to rise despite the easing of fuel prices, as the impacts of the Iran war flow through to the broader economy.
Jacob Shteyman
An investment expert has warned Australians an “extremely overvalued” property market will take a hit from rate hikes, Federal Budget tax changes and a potential economic downturn.
Australian consumers are still very much down in the dumps despite lower fuel prices at the pump.
The Reserve Bank of Australia’s chief economist Sarah Hunter has warned entrenched inflation could lead to punitive rate hikes that would spark a recession.
Businesses are bracing for more price rises in input costs in the coming months, a senior economist says, at a time when there’s little room to pass it on to already-crunched consumers.
ANZ expects the Reserve Bank will keep interest rates on hold for months after three inflation-fighting hikes this year.
Seasoned West Coast supporters had a bit of salt rubbed into their wounds at a fundraising dinner to celebrate women in leadership.
Borrowers have been slugged with higher mortgage rates after the Reserve Bank’s May hike, but many savers will miss out unless they meet the fine print on bonus accounts.
Ryan Johnson
Consumers are paying the price of the war, some of the nation’s biggest company chiefs say, with the worst inflation in nearly three years prompting a third interest rate hike this year.
Cheyanne Enciso and Aaron Patrick
A Government cash splash will be working in direct opposition to the RBA. And looking at the big picture beyond a possible small Government sugar hit, we will all be the losers.
Commonwealth Bank has become the first of the Big Four to lift interest rates following the Reserve Bank of Australia’s decision on Tuesday. It was closely followed by NAB, ANZ and Westpac.
The Reserve Bank has raised interest rates by another 25 basis points to 4.35 per cent, undoing last year’s relief. Governor Michele Bullock hinted at more pain and cautioned against higher government spending.
Higher petrol prices may have dominated WA household spending in March, but it appears consumers still have spare cash to splurge on discretionary items — paving the way for an interest rate hike on Tuesday.
The Middle East war has blown another hole in the budgets of millions of families already shell-shocked by two interest rate hikes this year.
Daniel Newell
Housing cost growth is set to pick up steam in the coming months as the Middle East conflict drags on, adding to the Reserve Bank's inflation concerns.
A former senior research manager with the Reserve Bank has warned home borrowers of three more rate hikes that would take mortgage rates to levels last seen in 2008.
Pressure is mounting for Jim Chalmers to sharpen the axe in his upcoming Federal Budget as economists from Deloitte warn years of revenue windfalls have ‘papered over’ structural flaws in the nation’s finances.
Throwing Government money around in what Chalmers will no doubt badge as cost-of-living relief in the May 12 Budget will be pulling in the opposite direction to the RBA’s use of its interest rate lever.
The tax burden on Australians is at the highest level in almost two decades, new government data shows, with a former Reserve Bank official warning it is likely to get even worse.
