Pressure to pass on higher capital costs to investment borrowers is likely to see more interest rate hikes by banks, following last week’s movements from ANZ and the Commonwealth Bank.
Melbourne’s median house and unit price has hit a new high in the June quarter.
House prices have grown 3.5 per cent over the June quarter to hit a new record median of $668,030.
The Australian dollar could plunge below US60c in the coming months according to an economist from private bank Deltec.
The Reserve Bank of Australia has faced off against the Abbott Government’s support of negative gearing.