interest rate hikes

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…

More and more Aussies are lying on their home loan applications, as cost-of-living pressures continue to bite, according to one financial tech company.Fortiro works with big banks and lenders to detect fraudulent documents.Co-founder Sean…

A prominent Australian economist has feared the Reserve Bank of Australia’s (RBA) “over egged” Tuesday’s interest rate rise, which now has the “genuine” potential to push the country into a recession. Stephen Koukoulas, who was previously…

First-home buyers have defied odds with new figures showing more took out mortgages in September despite the cost of living crunch. Monthly new loan commitments for first-home owner-occupiers jumped 1.4 per cent over the month to $4.6bn,…

“Ugly” building approvals data released on Wednesday suggest Australia’s housing crisis is set to continue as the country faces record low rental supply amid an unprecedented surge in immigration.Total dwelling approvals in September fell…

The Reserve Bank might be forced to continue its punishing round of interest rate hikes, with concerning new data revealing inflation remains stubbornly high.Annual headline inflation fell to 5.4 per cent in September, from 6 per cent in…

Three red flags indicate the global economy is in even worse shape than expected, leaving Australia well and truly exposed.In recent weeks, there has been widespread panic about the US debt ceiling crisis, with the world’s biggest economy…

Just one in 10 potential first homebuyers could actually achieve the Australian dream and buy their own property, alarming new research has revealed.After decades of soaring property prices locked many young people out of ever escaping the…

A billionaire developer has claimed the country is destined for recession without urgent government intervention, and has also blasted the RBA’s handling of our inflation crisis.Speaking to Seven News reporter Chris Reason this week,…

Central banks worldwide are grappling with the challenge of curbing inflation, but there’s one nation that is facing a particularly severe crisis in what is now being dubbed the post-Covid economy. In an attempt to address its alarming…