RBA interest rate cuts expected to drive home-buyer activity but economists doubtful of ‘boom market’

Though analysts still expect multiple rate cuts this year, expectations for major drops are evaporatingGet our breaking news email, free app or daily news podcastAs soon as they were told to vacate their Adelaide rental, Nikki and Matt started looking to buy a property amid fears an anticipated string of interest rate cuts would send prices soaring.At an auction in early May, the young couple secured their first home below the reserve price at a tepid auction against just two other buyers.Sign up for Guardian Australia’s breaking news email Continue reading...

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Vladimir Putin expands nuclear weapon base after test killed five in radiation disaster

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Rate cut likely as underlying inflation falls within RBA target range

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