You’ve probably seen images of homes destroyed by bushfires or flood water. What you may not realise is that all Australians are effectively paying a climate disaster penalty today: whether it’s sky-rocketing insurance, higher construction costs or decreasing property values.
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Sign Australian mortgages are going to fall
The RBA has paused the cash rate for the first time in 10 months. And there are strong signs of what could happen next.
Australia’s auction market has gathered strength over recent months.
Last week’s national final auction clearance rate of 70.0% was the strongest result since the week ending 11th February 2024 (70.3%).
RBA says 15pc of borrowers face 'negative spare cash flow' and most of them will run out of savings ...
A significant group of borrowers are at serious risk of default, but Australian banks will be able to comfortably survive any losses, argues the Reserve Bank.