Rising house prices, rents and a twitchy inflation rate had some pundits predicting the Reserve Bank would lift rates again in October, but new governor
The COVID pandemic and rising interest rates are proving no match for the momentum in the Australian commercial property market.
House prices have boomed and interest rates may be on the up but rising rents are making it more affordable to buy than rent in nearly 300 Australian suburbs.
Median dwelling values were driven up nearly 30 per cent across the nation since the COVID pandemic struck and it put property out of reach of many buyers.
NAB chief executive Ross McEwan says higher interest rates are already here but customers who are ahead on payments will be able to absorb.
An RBA official says Australian banks have understated the value of investor loans and it justifies the decision from regulators to crack down on investor loans.