If residents purchase a new build home from Allam properties, the group is promising to rebate the cost of stamp duty up to $60,000 after the sale goes through.
Michele Bullock has been named as the next governor of the Reserve Bank of Australia (RBA), to replace outgoing chief Philip Lowe when his term ends on September 17.
ABS data revealed household spending on discretionary goods and services - meaning non-essential items - was 0.6 per cent lower compared to May last year.
Amid mounting criticism over his handling of the nation's cost of living crisis, Liberal Senator Jane Hume has defended Reserve Bank of Australia Governor Phillip Lowe, claiming that he's "only doing his job".
The Reserve Bank of Australia (RBA) has left interest rates on hold at 4.1 per cent, but has warned that more hikes will be needed to contain inflation.
Finance guru Mark Bouris has urged people suffering repeated interest rises to "hang in there", predicting a recession will bring some relief in coming months.
About 70 per cent of Australia's mortgage holders are worried about meeting their repayments, with younger people feeling the pinch in particular, new research has found.
Australia's major banks have downgraded their forecasts for economic growth as cash strapped consumers tighten their belts in response to continued interest rate rises.
A city council is set to launch an emergency fund for locals unable to pay their rent amid the cost of living crisis - and a tax on Airbnbs could help fund it.
The Reserve Bank of Australia has delivered a shock 12th rate hike since May last year, deciding to lift interest rates in a bid to tackle persistently high inflation.
New data has revealed Australia's "misery index" is almost as high as it was during the global financial crisis, due to climbing inflation and interest rates.
ANZ has predicted more pain at the hip pocket for Aussie borrowers, revealing today it expects interest rates to rise again by another 0.5 per cent next month, while forecasting the cash rate to hit a peak of 4.35 per cent in August.
Victoria's budget is tipped to reveal a staggering bill to pay-off the state's multi-billion dollar COVID-19 lockdown debt when it is released tomorrow.
Although there was little in last night's budget for millions of homeowners struggling under the weight of 11 recent interest rate hikes - one small detail could mean the end is over.
It will be a "close call" when the RBA meets next week, as new figures show inflation has slowed to 7 per cent as cash-strapped Aussies cut their spending.