Rate Hike Looms as Housing's Phantom Number Scares Markets

18.6% — The phantom housing growth figure that is haunting Australia's economy, investors, and government, despite being dismissed as fiction by economists. This number is dominating boardroom discussions and influencing bond market sentiment.

Money Moves

• ASX Opens Higher: The S&P/ASX 200 edged up 26 points (0.2%) to 9046.5, following a calm statement from US Fed Governor Waller that eased global rate hike fears.
• **Property Prices...