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flag RBA Governor Michele Bullock bought a $2.05M home on the same day interest rates rose, drawing scrutiny amid public financial strain.

flag On March 17, 2026, RBA Governor Michele Bullock purchased a $2.05 million coastal home in Yamba, NSW, on the same day the central bank raised interest rates by 25 basis points to combat inflation. flag The four-bedroom property, bought with her husband as joint tenants and free of mortgage, features luxury amenities and is located near the water. flag The timing drew public attention amid financial pressure on households from rising borrowing costs, though the RBA declined to comment on the purchase or any perception of disconnect, and Bullock acknowledged the rate hike would be difficult for mortgage holders.

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