RBA boss buys $2m luxury holiday house on rate hike day
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.

You May Also Like

Disturbing Video Captures Individuals Riding a Couch Down Darkened Canberra Street

A Canberra driver has captured a bizarre and alarming sight: two young…

Experts Warn Against Today’s Interest Rate Hike: Here’s Why It Could Be a Misstep

Experts caution that another interest rate hike today could push Australia into…

Full-Time World Traveler Reveals the Hidden Dangers Behind the Glamorous Lifestyle

Since she was a child, Ombeline Daragon Ferreira felt a deep urge…

Matthew Faces $2,640 Charge Due to ‘Confusing’ Water Bill Error

A state-owned water company has apologised over an IT issue which resulted…

Deadly Hantavirus Outbreak Strikes Atlantic Cruise: Three Fatalities Confirmed

IN BRIEF The WHO said an investigation was ongoing but that at…

Jewish Australians Highlight Concerns Over School Environments in Antisemitism Inquiry

In Brief The Bondi royal commission has opened a series of public…

Trump Announces Strategic Initiative to Navigate Stranded Ships Safely Through Hormuz Starting Monday

IN BRIEF The United States will soon start escorting ships through the…

Understanding Hantavirus: The Suspected Cause Behind the Deadly Cruise Ship Outbreak

In brief Three people have died after a suspected outbreak of hantavirus…

The Voice Referendum: Analyzing the Impact and Outcomes of a Pivotal Campaign in Australia

The seven-month journey leading to the referendum on the Indigenous Voice to…

Deputy PM Richard Marles Reaffirms Labor’s Commitment to Uluru Statement Amid Voice Referendum Fallout

Deputy Prime Minister Richard Marles has reaffirmed the government’s dedication to the…

Unveiling the Hidden Perks of a Cruise Captain’s Life: Free Lifetime Vacations and More!

A seasoned captain with over three decades of experience at sea shares…

Tragic Discovery of Newborn at Campsite Leaves Regional Community Heartbroken

The community in the Riverina region of New South Wales is reeling…