Although there was little in last night's budget for millions of homeowners struggling under the weight of 11 recent interest rate hikes - one small detail could mean the end is over.
It will be a "close call" when the RBA meets next week, as new figures show inflation has slowed to 7 per cent as cash-strapped Aussies cut their spending.
The central bank revealed in its board meeting minutes prior to announcing its April decision members considered hiking the cash rate again as the beat of inflation remained stubbornly high.
Households on lower incomes, renters and recent borrowers with large debts are the most at risk of financial stress after the Reserve Bank of Australia aggressively hiked interest rates.
Philip Lowe warned Australians not to become complacent after the central bank decided to pause its relentless interest rate rises at 3.6 per cent in April as there are still economic headwinds ahead.
An Aussie landlord who has multiple mortgages says his portfolio has become unaffordable after the RBA hiked interest rates for the 10th consecutive time.
Suicide Prevention Australia's latest quarterly data has shown 46 per cent of Australians have reported an elevated distress level from cost of living pressures.
Borrowers are forecast to become increasingly trapped in their mortgages after Australia's financial regulator decided to keep a high buffer on home loans to prepare for future rate rises.
Australian wages are surging but trailing far behind inflation, leaving workers worse off overall, according to data taken from job ads around the country.
The Reserve Bank of Australia offered the government a choice of displaying a portrait of King Charles III on the $5 banknote or replacing the image of Queen Elizabeth with a design that honours First Australians.
Two of the big four banks have passed on the Reserve Bank of Australia's cash rate hike to savers after the country's consumer watchdog announced an inquiry into deposit rates.
Philip Lowe has refused to put a limit on how far the Reserve Bank will go to contain inflation, as he faces a grilling by a senate inquiry in Canberra.
Global economic downturns are unlikely to lead Australia to a devastating recession instead financial experts warn we should be looking for the warning signs locally.
Consecutive interest rate rises have pushed borrowers onto a mortgage cliff and financial experts are also concerned businesses may too fall off the precipice.
The design of Australia's $5 banknote has been drawn into the public eye following the decision to not use an image of King Charles III on the new design.