Australian property market correction visible as auction clearance rates drop
The early signs of an Australian housing market correction are now clearly visible. Demand was dented when the…
Interest rates, inflation: Australia’s dollar jumps on rate hikes
Rising domestic interest rates have propelled the Australian dollar to a four-year high, delivering welcome news for overseas…
Westpac chief executive Anthony Miller warns ‘chance’ of recession in Australia amid inflation, Middle East pressures
Westpac’s chief executive Anthony Miller has sounded the alarm Australia could slide into a recession as inflationary pressures…
RBA governor accused by senator of ‘gaslighting’ Australians on economy
Reserve Bank governor Michele Bullock has fired back at Nationals senator Matt Canavan after he accused her of…
Developers desert plans for new apartments in Sydney’s west due to construction costs and interest rates
After renting in Western Sydney for almost a decade, Dave Anderson fears his aspirations of buying a home…
Commonwealth, Westpac, NAB, ANZ respond to RBA’s interest rate hike
Australia’s major banks have begun announcing rate rises following the Reserve Bank of Australia’s decision to hike interest…