House prices surge; surprise inflation spike triggers rate fears; warning of higher rents

Thursday 1 June 2023

House prices rose in every capital city across the country in May, as the rebound in the mortgage market gathers steam. 

Also today:

• The ASX tumbles as inflation figures hint at another rate rise.
• Reserve Bank Governor Philip Lowe warns that the rental market may get even tougher.
• Chipmaker Nvidia rides the AI boom to crack the $US1 trillion mark

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