economy-tag-2
‘Green light’ for rate hike as GDP growth surprises
3 September
Australia’s economy grew by 2.1 per cent in the last financial year, cementing the odds for another rate rise as the economy proves more resilient than the Reserve Bank expects.Gross domestic product expanded by 0.4 per cent in the June quarter,...[Read More]
Foreign property purchases fall as home buyer ban bites
26 August
Purchases of Australian property by overseas investors have plunged after the government announced a ban on foreigners buying Australian homes.The number of investment approvals fell by more than 22 per cent to 5284 in 2024/25, the Productivity...[Read More]
‘Hawkish’ RBA open to more hikes after holding rates
13 August
The Reserve Bank has left the door open to more interest rate hikes as it held the benchmark lending rate steady for a second straight meeting.Falling house prices and lower-than-expected inflation helped convince the central bank’s nine-member...[Read More]