The RBA has kept rates on hold for another month despite the central bank weighing the economic effects of sluggish growth, weak inflation and a resurgent Australian dollar.
News
The latest property market figures show Australian capital cities are still a two-tiered system and it’s Melbourne that’s leading the charge.
The Australian dollar has hit a two-year high, surging back up past the US80c mark.
Interest rates look set to stay put for some time with the RBA talking down any further cuts out of fear of rising household debt.
The suburbs of Preston, Strathmore, Thornbury, Aberfeldie and Glenroy have taken over from the previous power suburbs in the city’s inner-east.
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