All Four Banks Now See Another Rate Hike as Overvalued Property Market Runs Out of Buyers

All four major Australian banks are now forecasting the RBA will raise rates again next Monday — the fourth hike this year — after Governor Michele Bullock warned inflation risks were "materialising." ANZ and CBA joined NAB and Westpac in predicting the move, with the AFR reporting a double rate rise before Christmas is now on the cards: one on September 29, another in November. Meanwhile, Sydney and Melbourne houses now take 70 days to sell — the longest in six...