US stocks mostly rose ahead of a Federal Reserve decision, with analysts expecting the central bank will keep rates on hold today.
"In the 12 months to September 2023, capital to regional migration accounted for an 11% share of all relocations, compared to 9.1% making the move from the regions to the city," the report found.While newly arrived migrants from overseas overwhelmingly tend to settle in the big capitals, particularly Sydney and Melbourne, existing residents are still exiting the big smoke, especially Sydney.
The number of Australians "at risk" of mortgage stress has increased by 766,000 since May 2022 when the RBA began a cycle of interest rate increases. It says the numbers of mortgage holders in stress would increase to 1.58 million, or 30.4 per cent — an increase of 8,000 — if the RBA increases interest rates next week.
The variable that has the largest impact on whether a borrower falls into the "at risk" category is related to household income — which is directly related to employment.