Opinion

No sign of economic boom busting in the Illawarra

By Alex Frino
Updated May 14 2022 - 7:18am, first published May 13 2022 - 10:00pm
Property boom: On average, the owner of a home in the Illawarra region is almost $180,000 wealthier than 12 months ago.

The big news last week was that the Reserve Bank of Australia increased interest rates for the first time in 11 years. The increase was one-quarter of one per cent and most banks were quick to pass it on to mortgage holders.

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