How to protect yourself from rising interest rates

Melbourne suburbs leading the pack as property market hits new peak

An east-west economic divide suggests interest rates aren’t going anywhere

Philip Lowe has some high-powered backing if he leaves interest rates on hold Tuesday as widely expected.

Days after the Reserve Bank of Australia governor signalled that rate cuts weren’t in the national interest amid record household debt, the securities regulator said it was looking at mortgage lending standards across the banking sector. The Organisation for Economic Co-operation & Development last week highlighted risks posed by Australian property and private debt.


A crowd gathers for the auction of 35 Lansdowne Street, Surry Hills. Photo: Brook Mitchell