Kellie Ell
- Indexed articles, last 90 days
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- Oct 1, 2026
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- Jul 8, 2026
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Australia's housing shortage intensifies (opens the original)
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Housing approvals continue to fall, leaving Australia's housing recovery stuck in the slow lane, with little sign the shortage is easing anytime soon. In August, total dwelling approvals declined down 6.1%, on a seasonally-adjusted basis, to 16,953 total dwellings, according to the latest figures from the Australian Bureau of Statistics (ABS). The declines come on top of a 3.6% drop in July. "Australia is sleepwalking into a severe building and construction downturn at precisely the time we need
The market reacts: industry leaders weigh in on the RBA's latest rate hike (opens the original)
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The Reserve Bank of Australia (RBA) has raised interest rates for the fourth time this year, bringing the official cash rate (OCR) to 4.60%, its highest levels since November 2011. The move delivers another blow to borrowers and puts the latest tightening cycle under the microscope as markets assess what comes next. The decision has immediate implications across the property and lending landscape, with brokers, economists and other market participants weighing up what the higher rate environment
Inflation still too hot for comfort (opens the original)
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Australia's inflation problem isn't going away anytime soon. On Wednesday, the Australian Bureau of Statistics (ABS) released the latest consumer price index (CPI), revealing that both headline CPI and trimmed mean inflation are still above the Reserve Bank of Australia's (RBA) target inflationary range, and in some cases rising. In the 12 months leading up to August, headline CPI rose to 4.0%, up from 3.5% in the year to July. Trimmed mean inflation — which many economists consider a better ind
Michele Bullock explains RBA decision on interest rates (opens the original)
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In a widely-expected move, the Reserve Bank of Australia (RBA) lifted interest rates on Tuesday, bringing the official cash rate (OCR) to 4.60%. The move on monetary policy brings the cash rate to its highest level since November 2011. "I know this decision is difficult for households with a mortgage and businesses with loans. But high inflation hurts all Australians, especially the most vulnerable," RBA Governor Michele Bullock told reporters during a press conference Tuesday afternoon. "We nee
RBA makes interest rate call (opens the original)
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The Reserve Bank of Australia (RBA) has increased interest rates. The nation's central bank met Monday and Tuesday of this week for its latest meeting on monetary policy, increasing the official cash rate (OCR) 25 basis points to 4.60%. The bank cited continued inflation as the primary driver. "Inflation remains elevated and some of the upside risks flagged in August are materialising," the RBA board's statement read. "The conflict in the Middle East has broadened and global energy prices are no
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