Housing Market Headwinds: A Perfect Storm of Rates and Tax The Reserve Bank's warning that interest rates and tax changes will combine to slow the housing market is a stark reminder that Australia's economic landscape has shifted irrevocably.
The RBA's chief economist, Sarah Hunter, painted a bleak picture of an economy struggling to contain inflationary pressures.
Hunter attributed these pressures in part to the war against Iran, which has pushed oil prices higher and forced consumers and businesses to adapt to new realities.