Winemaker Ben Haines toasts sale of Fitzroy North house

Leading Australian winemaker Ben Haines and his family are on the move after selling their cool home in Melbourne’s inner north.SEE INSIDE. Leading Australian winemaker Ben Haines and wife Jacqueline have raised their final glass of celebration to toast their Fitzroy North house’s sale. The family’s two-bedroom home at 342 Rae St fetched an undisclosed … Read more

The market’s worst first half in 50 years has all come down to one thing

Traders on the floor of the NYSE, June 29, 2022. Source: NYSE A multitude of factors conspired to generate the stock market’s worst first-half since 1970, but they all emanated from one word: inflation. The cost of living started the year running at levels the US had not seen since the early 1980s. Worse, Federal … Read more

Watch Fed Chair Powell talk live about the economy, interest rates at ECB forum

[The stream is slated to start at 9 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell speaks Wednesday to a European Central Bank forum on central banking. The Fed and its global counterparts have been in a race to tamp down … Read more

Melbourne rentals: Futuristic space shuttle single bed pods up for rent for $ 250 per week

Desperate Melbourne renters happy to skimp on space could rent a single bed space shuttle-style capsule, for a jaw-dropping $ 900 per month. See how much (or little) you get for your money. Desperate Melbourne renters happy to skimp on space could rent a single bed space shuttle-style pod, for a jaw-dropping $ 900 per … Read more

Before & After: Gordon home revamped to sell big at auction

Sprawled across 1,562 sqm, this home’s renovation by a renowned architect has to be seen to be believed. A newly revamped home on Sydney’s north shore is expected to fetch a strong price when it goes under the hammer next weekend. Brought to market by LJ Hooker Gordon agent Jing Peng, 11 Rosedale Rd Gordon … Read more

Inflation: RBA boss Philip Lowe rules out interest rate rise of 0.75 percentage points

As Aussie households brace for yet more interest rate pain within days, the RBA governor has made one surprising promise. Australian households are being stretched to the limit by our cost of living crisis and rising interest rates – but the Reserve Bank has some small comfort for those doing it tough. While the RBA … Read more

Melbourne’s affordable suburbs defying decline: Terry Ryder report

The city’s most affordable areas and regional Victoria are showing signs they’ll keep rising as conditions shift and the median slips. Here’s where real estate is still going up. Melbourne’s most affordable suburbs are tipped to keep rising in price as conditions shift and the city’s median slips. Affordable Melbourne suburbs and regional Victorian cities … Read more

Australian economy: Inflationary psychology a bigger threat than interest rate hikes

Interest rates are climbing – and will not be going down again anytime soon. But that’s not the scariest part of trying to beat inflation. There has perhaps never been so much interest in interest rates than right now. Not after the Reserve Bank of Australia (RBA) broke an 11-year rate hike drought with back-to-back … Read more

Russia’s ruble is at strongest level in 7 years despite sanctions

Russian one ruble coin and Russian flag displayed on a screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on March 8, 2022. Jakub Porzycki | Nurphoto | Getty Images Russia’s ruble hit 52.3 to the dollar on Wednesday, an increase of roughly 1.3% on the previous day and its strongest … Read more

Buy do not rent: NSW suburbs it’s cheaper to buy than rent according to PropTrack Buy or Rent Report

Believe it or not, despite recent rent hikes, there are pockets of Sydney where it is cheaper to buy than rent. New research has revealed less than 10 per cent of homes in NSW are cheaper to buy than rent – far less than the 27 per cent of homes across Australia. The latest PropTrack … Read more