What's driving the Wesfarmers share price on Tuesday?
The Wesfarmers Ltd (ASX: WES) share price is slightly in the red this afternoon amid mixed economic data. Here are the details.
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The Wesfarmers Ltd (ASX: WES) share price is slightly in the red this afternoon amid mixed economic data. Here are the details.
An investing expert claims the collapse of Australia's housing market is imminent as property owners will be unable to afford repayments due to rising interest rates.
Australia's median house price is on a steep downward trend thanks largely to the rate hikes by the RBA, dropping by 1.6 per cent in August and another 1.4 per cent in September.
Celeste Andrews has put her four-bedroom home in Avondale Heights, in Melbourne's northwest, on the market with a $1.15million to $1.25million price guide.
The Reserve Bank's 0.25 percentage point rate rise on Tuesday was much smaller than financial markets were expecting. But ANZ says it means more rate hikes in 2023 with inflation still high.