Following an Equifax data release, the RBA decision was made after noting declines in mortgage demand across Western Australia, Queensland, and South Australia.
4 reports, 2 independent
Updated Wed 00:00
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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.Mortgage demand dropped 19.2% annually, impacting major Australian lenders.1 source
- 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
- Oliver warns that the Reserve Bank of Australia (RBA) must remain open to interest rate hikes, noting the increasing hawkishness of the US Federal Reserve.
- The Reserve Bank of Australia (RBA) is monitoring housing market conditions in Australia, while the Government has announced tax changes for housing investors.
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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