household consumption

As expected, the Reserve Bank of Australia (RBA) on Tuesday lifted the official cash rate (OCR) another 0.25 per cent to 3.6 per cent.It was the tenth consecutive rate hike and has taken the OCR to its highest level since 2012:The increase…

Superficially, it appears Australia’s house price correction may already have ended.PropTrack’s dwelling values index recorded a 0.2 per cent rise in February, which follows January’s 0.1 per cent increase.Capital city dwelling values rose…

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In the early 2000s the Commonwealth Bank ran an advertising campaign encouraging homeowners to tap the equity they had in their loans to fund all manner of consumption. In arguably the most famous TV advertisement, a neighbour extols the…