Following an Equifax data release, the RBA decision was made after noting declines in mortgage demand across Western Australia, Queensland, and South Australia.
2 reports, 2 independent
Updated Oct 14
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What happened
Following an Equifax data release, the RBA decision was made after noting declines in mortgage demand across Western Australia, Queensland, and South Australia.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Economic issues in Queensland, including Central Queensland plant lags and market imbalances, are causing rising freight costs and market pressures.Sub-event
- Karl Klemm, an apartment owner in Western Australia, is feeling the strain of interest rate rises and declining property prices influenced by RBA decisions.Sub-event
RBA decision follows Equifax data showing mortgage demand falls in WA, QLD, and SA.1 source
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The entities involved
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RBA
Spanish media enterprise
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Equifax
consumer credit reporting agency
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Western Australia
state of Australia
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Queensland
state of Australia
Related events
- Sale comments on the affordability crisis in Queensland, citing new ABS income data and RBA loan rate effects.
- Equifax is assisting lenders in preparing for upcoming changes mandated by the Federal Housing Administration.
- RBA tightening cycle influences bank rates, leading to falling home values and lender competition in Sydney and Melbourne.