Reserve Bank of Australia governor Michele Bullock settled on the purchase of a luxury $2 million holiday house with a wine cellar in northern NSW on the day the bank raised interest rates.
Bullock and her husband, Ian, bought the four-bedroom property in the coastal holiday town of Yamba, near Byron Bay, for $2.05 million on February 3 and finalised the transaction on March 17, just as the RBA board increased the cash rate for the second time this year, to 4.1 per cent.
