House price slump; RBA to lift rates; Aussies shift from veg to fruit (& energy drinks)

Monday 2 November 2026

House prices fall for a seventh month in succession and are now dropping at the fastest pace in at least 40 years.

• All the major banks now expect a rate hike at tomorrow’s Reserve bank board meeting
• Aussies are off vegetables, but loving oranges, kiwifruit and grapes
• Federal finance minister Katy Gallagher says the Cabinet is under pressure to find cost savings
• The US mid-term elections this week will decide how powerful Donald Trump will be in the final two years of his term

 

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