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Paul Bloxham

News no homeowner wants to hear

Households and businesses are bracing for another blow when the Reserve Bank meets on Melbourne Cup Day with new governor Michele Bullock widely expected to hike rates. On Monday, financial markets were pricing a near 70 per cent chance…

Why RBA wants you to get a housemate

Reserve Bank governor Philip Lowe has warned not enough homes are being built to keep pace with population growth, driving up rental prices and exacerbating the cost of living crisis. The rapid increase in the cost of renting a property and…

Major bank boss’ grim interest rate call

While Aussie homeowners were delivered a welcome reprieve as the Reserve Bank paused its aggressive rate hiking cycle this month, one major bank boss has delivered a grim warning about what’s to come.The RBA revealed on Tuesday it was…

Fears and risk of Aussie recession is rising

There are fears that the risk of Australia falling into recession has risen with early signs pointing to potential financial doom for the country as the strain of soaring inflation and cost of living pressures show no signs of easing.While…

More Christmas pain headed Aussies way

Australians are expected to take a hit to their finances just before Christmas with the Reserve Bank of Australia tipped to raise interest rates again.In the final decision for 2022, the RBA could push rates up further for the eighth…