August 3, 2026 — 12:01am

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It’s the helping hand that surprised even the Reserve Bank.

The bank always knew that its three rate hikes – in February, March and May – would slow the property market.

While governor Michele Bullock will say up hill and down dale that the bank does not target asset prices, the RBA’s interest rate rises were all aimed at taking steam out of the economy. And, as the Reserve Bank knows, climbing house prices make people feel wealthier and happier, leaving them more likely to open their digital wallets.

The so-called…

Read the full article at SMH.COM.AU