OCR set to stay high and first home grants gone!

Send us a question/idea/opinion direct via text message! It's been a busy day for property news, and in this shorter, reactionary episode, Nick and Kelvin first discuss the Reserve Bank's tough-talking monetary policy statement, then quickly cover off the announcement that first home grants have been canned. In a nutshell, inflation is still a problem, and OCR cuts seem off the table until 2025 - meaning 'higher for longer' mortgage rates too. Regarding first home grants, the decision will ...