GENERAL NEWS
THE prospect of an interest rate cut in 2024 is beginning to fade, as rental inflation accelerated in the March quarter to its worst level in 15 years and the consumer price...
Australian Bureau of Statistics (ABS) data shows the CPI rose 1.0% in the March quarter, higher than the 0.6% increase in the December period...
Annually, the CPI rose 3.6% to the March quarter. While prices continued to rise for most goods and services, annual CPI inflation was down from 4.1% last quarter and...
“The 1% CPI increase for the March quarter is a set-back after the promising 0.6% rise for the December quarter. It puts inflation well above the trajectory needed to...
The Reserve Bank held interest rates again at 4.35% at its last meeting on the back of more favourable inflation and economic data that suggested its 13 rate hikes since...
Westpac economists yesterday pushed out the timing of a rate cut to November 2024, in line with the current forecasts from NAB and ANZ, which have not changed...
“The RBA won’t be hitting the panic button, and it certainly won’t be reverting back to rate hikes on the back of these inflation figures, however, it will be peeling back every layer of...
Rent inflation highest since 2009
Annual rent inflation lifted to 7.8%, its highest reading in 15 years. Rents have been surging and vacancies are hovering around historic lows amid a severe shortage of...
Master Builders Australia CEO Denita Wawn said the worrying intensification of rental pressures follows the worst year in over a decade for new home-building starts, and...
Master Builders’ latest set of forecasts indicates that there will 110,000 fewer new homes built than needed to meet the national cabinet’s National Housing Accord...
However, the targets are considered farfetched by analysts amid a severe labour shortage, current low approval rates and planning red tape...
A report this week from Anglicare showed that less than 300 of the 45,000 rental listings currently advertised across Australia are affordable for a person earning a full-time minimum wage...