Rates on knife edge: Big bank’s shock inflation call
A major Aussie bank has issued a shock inflation call that could trigger a February rate hike and send mortgage repayments soaring – even as economists remain bitterly divided. Click here to view:
Despite rapidly rising interest rates and strong population growth, a lack of homes coming to market and overall housing shortages led to big increases in both prices and rents across Australia in 2023.Despite many predictions of a catastrophic fall in house prices in 2023, they did in fact move in the opposite direction. Leading the way has been Perth but the combination of strong population growth and a shortage of homes was enough to combat rising interest rates. As interest rates head close to peak, it is expected that price growth will continue.
A major Aussie bank has issued a shock inflation call that could trigger a February rate hike and send mortgage repayments soaring – even as economists remain bitterly divided. Click here to view:
A trend that has gained traction in the past two years is turning the family home into a rental, either temporarily or long-term. Click here to view: