The governor of Australia’s central bank has ostensibly given Australia a heads up that the cash rate will be cut next month for the first time since August 2016.
With Australia’s central bank widely expected to cut the cash rate in the coming months, more lenders have this week made rate cuts to some of the mortgages on offer.
A new report by the Climate Council has found Australia’s property market could lose $571 billion in value over the next 10 years thanks to extreme weather caused by climate change.