Overview
- On March 17, Michele Bullock and her husband settled a four-bedroom Yamba property for about $2.05 million as the Reserve Bank lifted the cash rate to 4.10 percent.
- The purchase was listed that day in her updated declaration of material interests on the RBA website.
- Brisbane Times reported settlement papers list the couple as joint tenants, and 7NEWS said the disclosure records the home as a jointly owned investment.
- The RBA declined to comment, and Bullock said on March 17 that the rate rise was tough news for people with mortgages.
- The central bank cited high inflation and an oil price shock tied to conflict in the Middle East for the increase, while coverage noted her reported $1.195 million salary and the property’s luxury listing as context for scrutiny.