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The Latest Breaking News from Sean Langcake

Mortgage squeeze to worsen as RBA prepares rate hike amid refinancing binge

Millions of Australian homeowners are facing yet another jump in their mortgage bills this week, with a fresh rate hike incoming.

The New Daily

Inflation peak to cause even higher mortgage bills in early 2023, economists say

Australian homeowners are being warned to brace for at least two more interest rate hikes in early 2023 after fresh inflation figures.

The New Daily

Inflation crossroads: Where cost-of-living crisis, interest rates could go in 2023

It’s been a rollercoaster year for families as a cost of living crisis has combined with steep interest rate hikes to squeeze millions.

The New Daily

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All eyes on Christmas as Reserve Bank mulls even higher interest rates in 2023

RBA Governor Philip Lowe unveiled an eighth interest rates hike at the bank's final meeting of 2022 on Tuesday.

The New Daily

RBA moves to regain public trust after interest rates advice damages reputation

The Reserve Bank faces an uphill battle to regain the trust of Australians after its doomed interest rates advice.

The New Daily

‘A lot of uncertainty’: RBA warning on rate hikes as inflation soars and jobs set to fall

Australia's inflation problem is going to get worse and last longer than it was previously feared, new RBA forecasts suggest.

The New Daily

Retail sales strong but rate rises biting

Spending reached another high in September with price inflation and an extra national public holiday contributing to a $35.1 billion month for retail.

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Smarter Australia: Census reveals sectors with massive growth

Australia is rapidly transforming into a highly qualified nation where vast numbers are taking jobs in fields like cybersecurity.

The New Daily

RBA ‘near the summit’ in quest to curb inflation, as Governor Lowe warns of further rate rises

The Reserve Bank is "near the summit" in its uphill battle to curb the fastest rate of inflation in a generation, economists say.

The New Daily

Economists discount unemployment rise amid ‘bright’ jobs outlook

Australia's unemployment rate ticked up for the first time in 10 months as more Australians looking for work offset a solid rise in jobs.

The New Daily

RBA raises rates for a record fifth month, but many are yet to feel mortgage pain

Households will be hit with another hike in their mortgage bills after the RBA increased interest rate for a record fifth month in a row.

The New Daily

RBA’s search for inflation sweet spot tipped to raise interest rates to 2.35 per cent

Households are staring down yet another mortgage bill hike next week, with the Reserve Bank set to pass through its fifth interest rate hike in a row.

The New Daily

‘Deeply negative’: Real wages plunge at fastest rate on record before jobs summit

Australian households are suffering under the sharpest decline in real wages on record as “sluggish” purchasing powercontinues to lag soaring prices.

The New Daily

‘Turning point’: Business collapses spike but local recession still unlikely, say economists

The number of businesses falling into administration spiked in July as economists warn the economy is headed towards a “turning point”.

The New Daily

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The New Daily

How high will interest rates go? It depends on how much we spend

Australians are buying fewer groceries and household goods as soaring prices and rising mortgage rates squeeze everyone from workers to retirees.

The New Daily

Why some economists believe the Treasurer is being too pessimistic

Millions of Australian households are facing a “difficult” year ahead as the cost of living soars. But some believe the Treasurer is over-egging inflation.

The New Daily

‘Red hot’: Typical mortgage bills to rise $140 in August as inflation surges

Typical monthly mortgage bills are expected to rise another $140 next week after new data showed inflation continued rising in the June quarter.

The New Daily

‘Secret weapon’: Female jobs boom drives COVID recovery as unemployment rate falls

Women have emerged as a “secret weapon” driving Australia’s world leading COVID recovery, with a huge rise in female jobs easing labour shortages.

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The New Daily

‘Resilient’: Consumers help economy weather Omicron, floods as household outlook sours

Australian households spent more money eating out and traveling the country over the March quarter, helping the national economy weather disruptions.

The New Daily

Scott Morrison faces a storm of anger as latest data reveals standard of living is nosediving

Scott Morrison’s claim to strong economic management will be tested in the final week of the campaign, as new data reveals a rise in dissatisfied voters.

The New Daily

‘Strong impulse for growth’: Consumers drive COVID rebound as business investment tails off

The economy has grown at the joint fastest rate in almost 50 years as consumers used lockdown savings to splurge on goods and services.

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