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Australia politics live: Labor unveils discount loans for new EVs; Liberals and Nationals to sit separately as parliament returns

todayFebruary 2, 2026

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Reserve Bank due to announce decision on interest rates this afternoon. Follow today’s news live

A Reserve Bank rate hike today may be bad news for the roughly 3.3 million mortgaged households, but what about the ranks of would-be homeowners?

Could a hike maybe cool the red hot property market, and even benefit first-time buyers?

Persistently low supply, high investor activity, federal government support for first home buyers and a broader improvement in the economy are pushing prices higher.

However, affordability constraints, normalising population growth and the prospect of an RBA rate hike … remain headwinds.

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Source: www.theguardian.com

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Written by: truelightfm

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