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Interest rates hit 15-year high as RBA hikes again

THE Reserve Bank of Australia has lifted interest rates to their highest level since 2011, putting more pressure on already cash-strapped borrowers. In a unanimous decision, the central bank’s board lifted the cash rate by 25 basis points to 4.6 per cent as it wrapped up its two-day meeting on Tuesday. Expectations for a hike had firmed in the weeks leading up to the decision, with hotter-than-expected inflation, rising oil prices and hawkish commentary from the RBA’s top brass. As the central bank’s board noted in a hawkish accompanying statement, the upside risks

Debt concerns: treasurer’s era of cheap-money ending

Budget figures put some pep in the treasurer’s step

Higher tax take puts federal budget on stronger footing

Weather, bond turmoil to pressure economy, OECD warns

Kochie on government spending: Name, shame and share the pain

Home-life balance: Now it’s property over lifestyle

Councils urged to join in planning reform

TASMANIA’s local councils influence how many and how fast homes are built across the Apple Isle. It’s not just a matter for its state government, the housing industry’s peak body says. A

Petrol pump pressure on household spending

RISING fuel costs and a switch to electric vehicles is affecting household spending, the Australian Bureau of Statistics reports. While spending was unchanged in August after modest rise

Perth verdict: rent is the cheapest option

THERE are now no Perth suburbs where it is cheaper to buy a house than rent one, according to new research from the REIWA.The research compared the median monthly rental with loan repayment

Home buyers deserve ‘a fair go’ with stamp duty

UNCERTAINTY over stamp duty calculations in NSW could have “an adverse effect” on the housing decisions of homebuyers. The Australian Institute of Conveyancers NSW believes t