Financial Counselling Services Overwhelmed as High Mortgage Rates and Inflation Hit Australia's Working Poor
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#aac29bac ver:0.31
Australia's 'working poor' struggle with high mortgage rates and inflation, overwhelming financial counselling services. Concerns arise about rising living costs and the need for additional support. Former PM Turnbull warns against electing Peter Dutton, highlighting divisions within the Coalition. France's left wins legislative elections, impacting international relations. Melbourne Airport reverses demand for underground station, affecting future development. Tragic house fire in Sydney emphasizes fire safety measures. Housing loans in Australia decline due to rising interest rates. Record warmth for 13th consecutive month underscores urgency of addressing climate change. Australian sharemarket dips as iron ore prices fall. US West Coast hit by heatwave, highlighting climate change challenges. Australian Defence Force acquires portable killer drones, raising ethical and strategic considerations. #Australia #WorkingPoor #FinancialStruggles #PoliticalDevelopments #FranceElections #MelbourneAirport #HouseFire #HousingLoans #ClimateChange #IronOrePrices #Heatwave #KillerDrones...
#newstr #Australia #WorkingPoor #FinancialStruggles #MortgageRates #Inflation #PoliticalDevelopments #France #MelbourneAirport #HouseFire #HousingLoans #ClimateChange #IronOrePrices #Heatwave #KillerDrones
https://here.news/story/aac29bac?ver=0.31
Consumer Sentiment in Australia Remains Weak Amidst Talk of Rate Hikes and Tax Cuts
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#aac29bac ver:0.3
Consumer sentiment in Australia remains weak as interest rates and living costs continue to put pressure on households. Mortgage stress is increasing, but most borrowers are still meeting their repayments. The Reserve Bank of Australia has left interest rates on hold, but there is talk of potential rate hikes. The Australian economy has remained resilient, but factors such as high household debt and constrained housing supply are starting to wear thin. Tax cuts and measures slated to come into effect in July are expected to ease pressures faced by households. #Australia #ConsumerSentiment #InterestRates #Inflation #MortgageStress...
#newstr #Australia #ConsumerSentiment #InterestRates #Inflation #RetailTrade #BusinessSector #StockExchange
https://here.news/story/aac29bac?ver=0.3
ANZ Predicts Delay in Rate Cuts, Warning of Mortgage Stress in Australia
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#aac29bac ver:0.29
ANZ predicts delay in rate cuts until 2025 due to strong household consumption and job market, warns of mortgage stress in Australia. Mortgage arrears are climbing, but most borrowers are still meeting repayments. ASIC data shows hardship notices rose 54% in Q4 2024. IMF study shows Australia's sensitivity to monetary policy. Lower inflation and interest rates than expected, but real income per Australian is sliding. RBA has time as inflation shows progress. Economic forecasters expect RBA to start cutting rates by March 2023. Panel expects inflation to be back within target band by June 2023. Home prices expected to continue climbing. #Australia #interestrates #mortgagestress #inflation...
#newstr #Anz #InterestRates #MortgageStress #Rba #Inflation #HousingMarket #EconomicForecast
https://here.news/story/aac29bac?ver=0.29
ANZ Predicts Delay in Rate Cuts, Warning of Mortgage Stress in Australia
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#aac29bac ver:0.27
ANZ predicts delay in rate cuts until 2025 due to strong household consumption and job market, warns of mortgage stress in Australia. RBA governor hints at potential interest rate hike. Mortgage stress rising amid cost of living pressures, but majority meeting repayments. ASIC reports 54% increase in hardship notices. IMF study shows Australia's sensitivity to monetary policy. Resilience wearing thin with struggling mortgage holders and constrained housing supply. Rate cuts needed to prevent recession. Australians feel finances worsening, real income sliding. Tax cuts may boost confidence. #Australia #InterestRates #MortgageStress #Resilience #Economy...
#newstr #Anz #InterestRates #MortgageStress #Asic #AustralianEconomy #HousingMarket #Recession #Inflation #TaxCuts
https://here.news/story/aac29bac?ver=0.27
ANZ Predicts Delay in Rate Cuts, Warning of Mortgage Stress in Australia
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#aac29bac ver:0.26
ANZ predicts delay in rate cuts in Australia until 2025 due to strong household consumption and job market, warns of mortgage stress. RBA governor warns of potential interest rate hike. Mortgage stress rising amid cost of living pressures, but most borrowers meeting repayments. ASIC data shows hardship notices up 54%. IMF study shows Australia sensitive to monetary policy, with factors contributing to resilience wearing thin. Struggling mortgage holders offered assistance, but constrained housing supply and low savings pose challenges. Rate cuts needed to prevent recession. #Australia #economy #mortgagestress #interestrates...
#newstr #Anz #InterestRates #MortgageStress #HousingMarket #AustralianEconomy #Recession
https://here.news/story/aac29bac?ver=0.26
ANZ Predicts Delay in Rate Cuts, Warning of Mortgage Stress in Australia
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#aac29bac ver:0.25
ANZ predicts delay in rate cuts until 2025 due to strong household consumption and job market, warns of mortgage stress in Australia. RBA governor warns of potential interest rate hikes. Mortgage stress rising amid high interest rates, but most borrowers meeting repayments. ASIC reports 54% increase in hardship notices. Measures to ease household pressures coming July 1. #Australia #InterestRates #MortgageStress #Economy...
#newstr #Anz #InterestRates #Mortgages #Rba #Inflation #FinancialSystem #Borrowers #HardshipNotices #Asic
https://here.news/story/aac29bac?ver=0.25
The RBA's Approach to Inflation and Interest Rates: A Squeeze on Australian Households
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#aac29bac ver:0.24
The RBA's tightening of interest rates is squeezing Australian households, with the sharpest impact on mortgage holders in 30 years. The objective is to control rising prices, but inflation remains a concern. The RBA has decided to keep the current interest rate unchanged, but risks surrounding inflation have increased. Weak economic growth and decreased savings have resulted from the squeeze. The possibility of rate cuts is uncertain, and the chance of further rate hikes is growing. #RBA #inflation #interestrates #economy...
#newstr #Rba #Inflation #InterestRates #AustralianEconomy #RateHikes
https://here.news/story/aac29bac?ver=0.24
The RBA's Approach to Inflation and Interest Rates: A Squeeze on Australian Households
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#aac29bac ver:0.23
The RBA is tightening interest rates to control inflation, squeezing Australian households. Inflation has fallen, but the RBA remains concerned. They will keep interest rates unchanged for now, but a rate cut is still possible. The squeeze has led to weak economic growth and decreased savings. Interest rates can't fix supply-side problems. The Australian dollar fell, but the ASX 200 stock benchmark rose on the RBA's decision. #RBA #inflation #interestrates #economy...
#newstr #Rba #InterestRates #Inflation #EconomicGrowth #HouseholdConsumption #DisposableIncome #Demand #Unemployment #SupplysideProblems #AustralianEconomy
https://here.news/story/aac29bac?ver=0.23
RBA Maintains Interest Rates Amid Uncertainty Over Future Changes
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#aac29bac ver:0.22
The Reserve Bank of Australia (RBA) keeps interest rates unchanged amid uncertainty over future changes. The RBA acknowledges increased inflation risks and aims to bring inflation back within target range by 2026. Market sees 50% chance of rate cut by year-end. Australian dollar falls, ASX 200 stock benchmark trades higher. #RBA #interestrates #inflation #ASX200...
#newstr #ReserveBankOfAustralia #CashTargetRate #Inflation #RateHike #RateCut
https://here.news/story/aac29bac?ver=0.22
Reserve Bank of Australia Faces Scrutiny After Concerning Inflation Data
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#aac29bac ver:0.17
The Reserve Bank of Australia faces scrutiny after concerning inflation data, with suggestions that more rate hikes may be needed. The divergence in monetary policy between the US and Australia could impact the AUD/USD exchange rate. The RBA's decision on interest rates at their June or August meeting will have significant implications for the Australian economy and the Australian dollar. #RBA #inflation #monetarypolicy #AUDUSD...
#newstr #ReserveBankOfAustralia #InterestRates #InflationData #Economy #FinancialMarkets
https://here.news/story/aac29bac?ver=0.17
Economist Predicts Further Interest Rate Rises as Inflation Persists
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#aac29bac ver:0.15
Economist predicts more interest rate rises in Australia as inflation persists. RBA's response to inflation was deemed too timid, leading to the current predicament. Three more rate increases expected this year. RBA's May 7 statement to provide clarity. US economy experiencing slower growth, potential for rate cuts. Bank of Japan may intervene due to inflation. AUD/USD exchange rate could surpass 0.7000. Economist warns of risk if rates not set right. Government urged to remain disciplined in budget. RBA to meet on May 6-7 [f64146c4]. #economy #inflation #interestrates #RBA #USD #AUD...
#newstr #InterestRates #Inflation #Economy #MortgageHolders #ReserveBankOfAustralia
https://here.news/story/aac29bac?ver=0.15
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