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RBA Governor Michele Bullock Buys $2m Home in Beach Town on the Same Day Aussies Suffered Rate Rise: 'Revel in the Luxury You Deserve'
Michele Bullock and her husband bought a $2.05 million waterfront home with no mortgage on the same day the Reserve Bank of Australia raised interest rates by 25 basis points.
- On March 17, 2026, Michele Bullock and her husband settled a $2.05 million four-bedroom home in Yamba, the same day the RBA raised the cash rate by 0.25 percentage points to 4.10 per cent.
- The RBA said it increased rates because of high inflation and an oil‑price spike linked to the war in the Middle East, while Australia's big four banks and economists forecast further rate pain.
- Settlement documents list the couple as joint tenants and the title shows no mortgage on the property, described as 'luxurious coastal living' with four bedrooms, two bathrooms, and a wine cellar.
- The Reserve Bank of Australia declined to comment while Michele Bullock said the rise would be 'tough news' for people with a mortgage, drawing scrutiny amid household budget pressures.
- The RBA's disclosure shows Bullock owns three other Sydney properties and earns $1.195 million in her taxpayer-funded role, fueling transparency debates amid the March rate hike.
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16 Articles
Coverage Details
Total News Sources16
Leaning Left7Leaning Right5Center2Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
14%
R 36%
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