Property price hikes continue to slow, but annual growth at highest level in more than 30 years.

Australia’s booming property market has reached record highs in the face of extended lockdowns and growing affordability constraints, resulting in the strongest annual growth in more than 30 years.

Australia's interest rate remains on hold at the historic low level of 0.1 per cent

Australia's interest rate remains on hold at the historic low level of 0.1 per cent

The Delta outbreak has interrupted the recovery of the Australian economy and GDP is expected to have declined materially in the September quarter. The outbreak is affecting many parts of the economy, but the impact is uneven, with some areas facing very difficult conditions while others are continuing to grow strongly.