Twitter Facebook Email Think of Australia’s $2.2 trillion economy. Now flip a coin.According to a leading economist, that is the 50 per cent risk the Australian economy falls into a damaging recession at some time in the next year, following 12 punishing rate hikes which have so far failed to substantially rein in inflation.Millions of households are… Continue reading Recession now major risk in next 12 months, economist warns
Twitter Facebook Email The Reserve Bank of Australia has delivered a shock 12th rate hike since May last year, deciding to lift interest rates in a bid to tackle persistently high inflation. The central bank chose to lift the cash rate target by 25 basis points to 4.10 per cent, surprising the financial markets and the majority of… Continue reading RBA delivers shock rate hike as mortgage costs spiral
Previous image Next image Twitter Facebook Email Mortgage arrears are slowly climbing across the country as borrowers continue to be hit with consecutive interest rate rises on top of skyrocketing cost of living pressures. As homeowners brace for more pain from the RBA, new data has emerged revealing where Aussies are battling the most to… Continue reading Revealed: Top 10 suburbs with highest mortgage arrears in Australia
