RBA Decision Eve: Housing Collapse and Sticky Inflation Leave Board Cornered

The housing market is already doing the RBA's dirty work for it. Premium suburbs are getting hammered — North Curl Curl's median dwelling value has plunged 19.4% from its September 2025 peak of $4.1 million to $3.3 million, and the pain extends from Point Piper to Toorak. Westpac confirmed mortgage applications have slumped 20 per cent since the May budget tightened negative gearing and capital gains tax concessions, while NAB reported home loan applications were...