RBA flatly warns these Aussies are screwed:
Australia’s housing affordability crisis is set to get even worse thanks to the federal government’s expanded ...
news.com.au/finance/economy/australian-economy/governments-first-homebuyer-scheme-will-create-its-own-problems-rba-warns/news-story/490078c4957d91f763ba51da9c48b006
Photo: news.com.au · view article
RBA warns expanded first-homebuyer scheme may worsen affordabilityThe RBA expects initially higher housing credit and possible price pressure; Treasury anticipates additional construction over the medium term.
Key FactsSep 22, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: news.com.au
Summary created with AI assistance · Source: news.com.au
- Governor Michele Bullock confirmed the RBA had assessed government loan guarantees for buyers with small deposits.
- RBA Assistant Governor Brad Jones expects the measure could increase housing credit by 1 to 2 per cent.
- Treasury modelling suggests additional construction over time could moderate the scheme’s effect on prices.
- Electricity prices rose 13 per cent in July; federal rebates are due to end in January, putting renewed pressure on households.
The price of milk will not go back to where it was pre-Covid, same with bread, other staples, petrol and so on. We all have to get used to that and we know it’s tough and it stings when you do your weekly shop.— Michele Bullock, Governor of the Reserve Bank of Australia, said this during testimony to the House of Representatives Standing Committee on Economics.
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Key FactsRBA Lowers Cash Rate to 3.6% in August Cut
Aug 12, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: abc.net.au
Summary created with AI assistance · Source: abc.net.au
- The Reserve Bank of Australia reduced the cash rate by 0.25 percentage points to 3.6% following continued inflation easing.
- The unanimous decision contrasts with July's hold and acknowledges a slight easing in labour market conditions.
- The RBA forecasts further gradual rate reductions to maintain inflation within the 2–3% target range.
- Lower rates have decreased minimum mortgage repayments, saving borrowers between $74 and $148 monthly depending on loan size.
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