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Australia on brink of financial ‘armageddon’

Australians are flocking to Google with their mortgage woes and one in 50 homeowners are in “severe financial stress” amid back-to-back interest rate hikes over the past 18 months. The Reserve Bank of Australia (RBA) revealed on Friday that…

RBA warns property prices to plunge 20%

The Reserve Bank of Australia (RBA) predicts that property prices will plunge by a whopping 20 per cent thanks to back-to-back interest rate rises. By 2024, house and unit values are expected to lose a fifth of their value – all but wiping…