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The Reserve Bank of Australia's governor says an acceleration in the cost of services and a rebound in house prices were among the factors prompting it to raise rates again, just a month after pausing its string of hikes.
The Parliamentary Budget Office warns phasing out property tax breaks may "trigger a significant economic shock". That's why next week's budget is more focused on increasing the supply of housing rather than trying to make housing affordable by reducing house prices.
The Hong Kong Monetary Authority intervened in the foreign-exchange market on Tuesday to defend the local currency, which is under pressure from capital outflows, for the fourth time this year.
Thursday’s base rate increase will add around £23.71 per month or more than £284 per year to the average tracker mortgage, industry figures show.
According to buyer advocates, it’s the perfect time for buyers “to make a cheeky offer”.