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The Latest Breaking News from Shane Oliver

Million households 'vulnerable' to rising interest rates, and their cuts could cause recession

A prominent economist now puts the risk of recession at 50 per cent, as households face the prospect of making substantial spending cuts to meet rising home loan repayments.

ABC News

RBA strikes again with rate rise

The increase marks the ninth consecutive rate hike since May 2022.

Newcastle Herald

Australian households should prepare for many more rate hikes this year, experts warn

A leading economist was overwhelmed with interest after releasing RBA cash rate research. Here's why.

ABC News

From analysis to the latest developments in health,
read the most diverse news in one place.

How to keep investing as sharemarkets fall, interest rates rise and property dips

We've lived through some benign investing times with property and shares rising as interest rates fell for a decade, but things are changing.

The New Daily

The Australian suburbs where house and unit values have risen the most since COVID-19 hit

One capital city led the charge with eye-watering gains, and some suburbs posting almost 80 per cent growth in housing values since the onset of COVID-19.

ABC News

Michael Pascoe: RBA on the precipice of its second big mistake

The RBA needs to chill to find out what it has actually done, Michael Pascoe writes.

The New Daily

This latest increase in RBA interest rates might well be the last, for some time

You might not know it from reading Tuesday’s statement announcing Australia’s eighth consecutive increase in interest rates, but our Reserve Bank might finally have done enough.

The Conversation

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Property price falls slowing, but still far from over

Home owners have been hit hard as property prices plummet this year, but new data shows the fall is slowing down.

The New Daily

Why Doesn’t Australia Have A 4-Day Work Week When It Sounds Like Fkn Bliss? An Investigation

A day for fun, a day for tasks, a day for rest.

Pedestrian.tv

Alan Kohler: Economists disagree on where interest rates are heading – shock

It’s hard to recall a time when the interest rate forecasts of economists were as widely, and wildly, different as they are now.

The New Daily

Consumers brush off rate rises again

Rising interest rates are yet to dent our appetite for spending, with Australians still dropping cash readily in department stores and cafes.

AAP

Mortgage borrowers and renters told to brace for big financial hit by December

The full budget impact of the second most aggressive interest rate hiking cycle in the Reserve Bank's history is still months from being felt by millions of households.

ABC News

Economists deeply divided over Reserve Bank's likely interest rate trajectory

The major banks are deeply divided about the outlook for interest rates, and the difference is worth about $284 a month to a typical recent home buyer. So who will be right?

ABC News

Labor is holding a jobs summit in September. Here’s what it hopes to achieve

The Albanese government has confirmed it will hold a Jobs and Skills Summit on September 1-2 as part of a longer-term plan to deliver a new jobs policy.

The New Daily

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news in one place.

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The New Daily

Shrinking households help drive up national rents at record pace

Shrinking households and a limited supply of rental properties have combined to push up rents at the fastest annual pace since 2008.

The New Daily

Sydney and Melbourne lead accelerating housing downturn

Sydney and Melbourne are leading Australia's falling house prices, which are gathering momentum as interest rates rise and consumer confidence takes a hit.

ABC News

Market sell-off a 'real downturn' and risk of global recession close to 50-50, analyst warns

The Australian share market has dropped by more than 15 per cent from its record high, sliding closer towards a bear market. Some investors may be tempted to "buy the dip", but analysts say there is "further downside" ahead.

ABC News

Wage debates and inflation are just the tip of what business want the new government to tackle

Businesses are battling rising costs, while their customers' purse strings are tightening. Tackling this situation will be the new government's great task, and there's only so much it can do to control some broad economic pressures.

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news in one place.

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Pedestrian.tv

Interest Rates Just Rose So What Does This Mean For Your Money, Rent & ‘Ability’ To Buy A Home?

The interest rate in Australia just rose for the first time in a decade. What does this mean for cost of living, rent and first home buyers?

AAP

Election triggers period of uncertainty

Prime Minister Scott Morrison has called the election for May 21, triggering a six-week campaign of uncertainty for Australians and business.

Pedestrian.tv

Not April Fool’s: House Prices Dropped In Melb And Syd & Some Economists Reckon The Boom Is Over

House prices in both Melbourne and Sydney actually dropped last month so we asked an economist what this means for first-home buyers.

The New Daily

Storm surges and erosion pose risk to $25 billion of property: CoreLogic

Storm surges and erosion could cut billions of dollars in value from thousands of Australian coastal homes within the next 30 years, a new report has found.

The New Daily

Sydney and Melbourne house prices running out of puff

The year is still young, but there are early signs that several Australian capital cities will see a downturn in house prices by the end of 2022.

ABC News

Russia-Ukraine war causes petrol price panic, with 'new normal' above $2 a litre

Even if you do not commute, soaring petrol prices are set to hit your wallet through the rising cost of transporting goods and people.

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