Globally we are continuing to see rates on hold however there remain concerns around inflation remaining sticky. In the US, the Federal Reserve left interest rates on hold this month after inflation increased slightly but did warn that it would keep increasing if need be. Nevertheless, markets are expecting cuts to start towards the end of next year.
Surprisingly, UK inflation is coming down, despite stubbornly rising power prices. The Bank of England maintained rates, ending a run of 14 consecutive rate rises even though inflation remains a lot higher than other countries.
There are some exceptions where rate rises will continue at a rapid rate. Turkey’s inflation rate is now at 59 per cent with interest rates at 25 per cent after a failed attempt to solve inflation problems by cutting rates last year when inflation was rising rapidly. Argentina’s inflation is at 124 per cent and interest rates are at 118 per cent after the government resorted to printing money to try to provide economic support.
Australia’s 2025 budget expands Help to Buy, funds prefabricated housing, and introduces trade apprenticeship incentives. Measures discouraging foreign investment could hinder housing supply, with limited solutions to address housing challenges. Despite significant challenges with housing supply, the Australian government’s 2025 budget focused on some changes to the Help to Buy … Read more
Whitsunday Regional Council is inviting the community to help shape the Bowen Foreshore Masterplan, an ambitious vision designed to enhance public spaces, attract private investment, and revitalise the waterfront over the next 15 years. Mayor Collins said the Masterplan presents a unique opportunity to build on the momentum of the … Read more