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Expect ‘two or three further’ rate rises from the RBA this year

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Proptrack’s Economist Angus Moore says the RBA will “kick-off” the year with an interest rate increase and “expect to see two or three further rises” this year.

“That’s going to add a lot to mortgage costs and already has, given that the very quick

pace of interest rate rises that we saw across last year,” Mr Moore told Sky News Australia.

 

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The wind has fallen out of new home sales after the homebuyer grant wore off. It will be interesting to see the RBA turn the WA economy into a Northern Blue, aka, a dead parrot. The economy might be better off without government policy and its wingmen RBAInfo

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