Households Financially Strong Amid Rates, Petrol Pain: RBA

Households financially strong amid rates, petrol pain: RBA

Most Australian households have built up their mortgage buffers to ride out the impacts of higher interest rates and escalating tensions in the Middle East, according to the Reserve Bank.

Households can handle global shocks, interest rate pain, says RBA

The central bank’s health check shows households are 15 months ahead on payments, giving the RBA room to lift the cash rate to a 15-year high.

Borrowers pay the price of inflation, global uncertainty

The Reserve Bank of Australia’s (RBA) decision to lift the cash rate by another 25 basis points to 4.1 percent unfairly punishes borrowers due to the rising of everyday essential costs that are outside of their control. Real Estate Institute of Queensland (REIQ) CEO Antonia Mercorella said the two rate hikes in as many months was piling on the misery to borrowing households who were already grappling with high housing costs and broader cost-of-l…

Double pain for Australians as interest rate and oil price hikes bite

Australians are already paying a price for the illegal US-Israel war on Iran, so why did the Reserve Bank double down and raise rates again?