Tax Cuts soften Mortgage Stress, but Interest rate uncertainty persists.
New research by Roy Morgan reveals that 1,604,000 mortgage holders (29.8%) were ‘At Risk’ of mortgage stress in the three months leading to July 2024, a slight decrease due to Stage 3 tax cuts boosting household income
Inflation increases in April to 3.6%
Inflation has slightly increased for the 12 months to April to 3.6% (up from 3.5% for 12 months to March), making it the second consecutive month where it has increased after dropping since the peak in December 2022.
Unemployment rate drops to 3.7%
Unemployment rate drops to 3.7%
Inflation falls to 4.1% over the past year.
The latest figures released from the Reserve Bank of Australia showed a significant slowdown in Australia’s inflation rate over the last few months of the previous year, with consumer prices rising just 0.6% over the December quarter and 4.1% over the past year, marking the smallest quarterly rise since March 2021.
