Treasurer says his Myefo, which shows a small improvement in the budget bottom line, is “the most responsible” on record Get our breaking news email, free app or daily news podcast Jim Chalmers has claimed “the most responsible mid-year update on record”, unveiling a multibillion-dollar improvement in the budget bottom line alongside extra money for … Read more
It’s sure to leave many mortgage holders feeling short-changed given the RBA’s equally historic 13 rate hikes through 2022 and 2023 Get our breaking news email, free app or daily news podcast The Reserve Bank’s governor, Michele Bullock, has effectively ruled out further rate cuts and flagged that hikes may be needed in 2026 if … Read more
The changed outlook is a result of unwelcome inflation data, but could slow down the hot property market Get our breaking news email, free app or daily news podcast Financial markets are now pricing in a 100% chance the Reserve Bank will hike rates in 2026, in what would be a blow to mortgage holders … Read more
Regulator announces 20% cap on share of new lending banks can do on mortgages worth more than six times borrower’s income Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast A crackdown on risky lending will limit banks’ capacity to extend large mortgages, as … Read more
Treasurer Jim Chalmers says government deciding on energy rebate extension in ‘next few weeks’ as cost of living continues to bite Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Inflation has climbed to 3.8% in the year to October, from 3.6% the month … Read more
The RBA has long anticipated a rebound in the headline inflation rate, driven by the rolling expiry of generous household power bill subsidies Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Inflation has jumped to 3.2% in the year to September, from 2.1% … Read more