RBA boss buys $2m luxury holiday house on rate hike day
Share this @internewscast.com
Bullock and her husband Ian, who jointly own two other investment properties, bought the four-bedroom home in Yamba in NSW’s Northern Rivers region on February 3 and finalised the transaction on the day the RBA board hiked interest rates to 4.1 per cent.

The Reserve Bank of Australia’s website recently updated its material interests declaration, revealing a new property acquisition by Bullock, announced on March 17.

Michele Bullock bought the four-bedroom home in Yamba in February and settled on the purchase on March 17. (Alex Ellinghausen)

Bullock’s latest purchase is a $2.05 million residence that features four bedrooms, two bathrooms, and a wine cellar, offering ample space and luxury.

This expansive home, situated approximately 1.5 hours from Byron Bay, was marketed by its agent as epitomizing “luxurious coastal living.”

The RBA document also details Bullock’s property portfolio, which includes her main home in Russell Lea and two investment properties located in Chiswick and Drummoyne, all in Sydney.

Small business owners react to RBA decision
The RBA voted to raise the cash rate by 0.25 per cent to 4.10 per cent on March 17. (9News)

In her role funded by taxpayers, Bullock earns an annual salary of $1.195 million.

The Reserve Bank of Australia has chosen not to provide any comments on the matter.

RBA’s monetary policy board decided to increase the cash rate by 0.25 percentage points to 4.10 per cent, citing high inflation and the oil price spike caused by the war in the Middle East as deciding factors.

Australia’s big four banks have predicted triple rate hike pain, with economists forecasting yet another cash rate increase at the RBA’s meeting in May.

NEVER MISS A STORY: Get your breaking news and exclusive stories first by following us across all platforms.

Share this @internewscast.com
You May Also Like
President of the European Commission Ursula von der Leyen meets with Prime Minister Anthony Albanese at Parliament House in Canberra on Tuesday 24 March 2026.

Australia Reaps $10 Billion Annual Windfall After Nearly a Decade’s Anticipation

The best part of a decade after negotiations started, Australia has finalised…

After 14-Year Visa Struggle, Iranian Soccer Team’s Asylum Sparks Mixed Emotions for Ferdos

Ferdos experienced a whirlwind of emotions when she heard that Australia had…
Keli Lane, 51, has been seen on special supervised day release from maximum security Silverwater jail with her boyfriend Patrick Cogan.

Controversial Decision: Baby Killer Keli Lane Receives Day Release Privileges

Convicted baby killer Keli Lane has been granted day release from prison…
Melbourne Storm coach Craig Bellamy delivered news on Eli Katoa on Channel Seven's Agenda Setters on Monday night

NRL Star Eli Katoa Undergoes Emergency Brain Surgery Following Severe Head Injuries: Latest Health Update

Craig Bellamy, the coach of the Melbourne Storm, has expressed concerns that…
Rugby Union Test.Nelson Mandela Challenge Trophy  Australia    V South Africa at Telstra Stadium Homebush, Sydney.  Image    shows Wallabies Wendell Sailor  happy after their win.  Saturday 9 July 2005.    Photo by SIMON ALEKNA. SPECIALX 38943

Legendary Dual-Code Athlete Arrested After Alcohol-Fueled Incident: ‘Do You Know Who I Am?’ Shocker

The oft-repeated excuse of the famous when caught in compromising situations seemed…
Petrol & diesel prices continue to increase as the war in Iran persists. Pic shows drivers queued for petrol at BP Mascot where lowest prices in the area saw lines stretched down Botany Rd.
In response to the ongoing conflict in Iran, nations such as Sri…

Community Rallies Against Woolworths Closure: ‘No Viable Alternative’ Says Gove Residents

Residents of East Arnhem Land have been taken by surprise as Woolworths…
ICE agents outside Louis Armstrong International Airport.

ICE Agents Take Minimal Action on Lengthy Airport Queues Across the USA

Travelers at Houston’s George Bush Intercontinental Airport are being warned of potential…

Central Land Council Calls for More Aid to Remote Communities Amid Rising Fuel and Living Expenses

Remote communities, often home to some of the country’s most economically disadvantaged…
Keith Urban has accepted a modest new job as he adjusts to single life following his split from Nicole Kidman

Keith Urban’s Surprising Career Shift Post-Divorce with Nicole Kidman: A Humble New Beginning

Keith Urban has taken on a humble new role as he navigates…

Tragedy in Colombia: Air Force Plane Crash Claims 34 Lives – Latest Updates & Insights

In brief The plane was carrying 125 people and was transporting troops…

Iran Refutes Trump’s Negotiation Claims Following U.S. Postponement of Power Plant Strikes

In brief US President Donald Trump says he is postponing a planned…