Leading economists described 2024 as a year of great divergence, where how you fared in the economy depended on your housing situation. After conflict in the Middle East, Ukraine and beyond, AMP deputy chief economist Diana Mousina hopes for the easing of tensions: "I think it could be a bit of a quieter geopolitical year." "Our view is that we're …
In the fight to bring down inflation the Reserve Bank has smashed the more than one in three Australians with home loans by dramatically raising interest rates on repayments. Spending big Trying to tame inflation, the Reserve Bank has sharply lifted interest rates in the past year because it wants people to slow their spending. That means that people at …