<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Reserve Bank governor </span><a href="https://www.9news.com.au/michele-bullock" rel="" target="_blank" title="Michele Bullock"><span>Michele Bullock</span></a><span> settled on A $2 million holiday home on the same day the </span><a href="https://www.9news.com.au/national/rba-interest-rates-the-danger-on-the-flipside-of-the-rbas-rate-hike/0f884e4a-cc94-45b9-8ff4-98567d0cd712" rel="" target="_blank" title="RBA increased the cash rate."><span>RBA increased the cash rate.</span></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Bullock and her husband Ian, who jointly own two other investment properties, bought the four-bedroom home in Yamba in </span><a href="https://www.9news.com.au/new-south-wales" rel="" target="_blank" title="NSW's"><span>NSW's</span></a><span> Northern Rivers region on February 3 and finalised the transaction on the day the RBA board hiked interest rates to 4.1 per cent.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The purchase was noted in Bullock's updated declaration of material interests on the RBA's website, published on March 17.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>LIVE UPDATES:</span></strong><span> </span><a href="https://www.9news.com.au/world/us-israel-iran-war-live-updates-march-23-donald-trump-latest-world-news-headlines/ab76975a-165f-4487-9116-2b60ba5a4a4e" rel="" target="_blank" title=""><strong><span>Iran's latest threat after Trump issues ultimatum over Strait of Hormuz</span></strong></a><span>.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/australia-national-security-risk-of-military-attack/65bfe5c3-cb18-4eba-a3af-bb1a46e24932" target="_blank"><strong><span>Almost half of Australians think attack on home soil 'probable'</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>On that same day, the RBA informed Australian borrowers that </span><a href="https://www.9news.com.au/national/rba-interest-rates-the-reserve-bank-has-hiked-interest-rates-how-much-will-this-cost-me/230033ae-0a25-489c-bafb-7d5d7505cade" rel="" target="_blank" title="it had lifted the cash rate for the second time in as many months."><span>it had lifted the cash rate for the second time in as many months.</span></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Bullock's new $2.05 million home includes four bedrooms, two bathrooms and a wine cellar.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/rba-governor-michele-bullock-settled-on-multi-million-dollar-home-same-day-as-rate-hike-march-17/9e72bbdf-93b6-4bff-8173-cfec71f1f7e6" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The spacious home, located around 1.5 hours from Byron Bay, is described as "luxurious coastal living" by the agent who sold the home.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The RBA document also lists Bullock's three other homes in Sydney, including her primary residence in Russell Lea and two other investment properties in Chiswick and Drummoyne.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>NATIONAL:</span></strong><span> </span><a href="https://www.9news.com.au/national/fuel-crisis-australia-energy-minister-flags-work-from-home-as-sensible-option-for-millions/24b49ae8-9b6b-4cc7-8afd-02a569645e11" target="_blank"><strong><span>Energy Minister backs working from home amid fuel crisis</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Bullock earns $1.195 million per year in her taxpayer-funded role.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The RBA declined to comment.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>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.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Australia's big four banks have predicted </span><a href="https://www.9news.com.au/finance/interest-rates-reserve-bank-anz-cash-rate-prediction/f9dc2991-73c4-4483-982f-a29e70df4d8d" rel="" target="_blank" title="triple rate hike pain"><span>triple rate hike pain</span></a><span>, with economists forecasting yet another cash rate increase at the RBA's meeting in May.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><em><span>NEVER MISS A STORY:</span></em></strong><span> </span><strong><em><span>Get your breaking news and exclusive stories first by following us across all platforms.</span></em></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><ul><li><strong><em><span>Download the 9NEWS App here via</span></em></strong><span> </span><a href="https://apps.apple.com/au/app/9news/id1010533727" target="_blank"><strong><em><span>Apple</span></em></strong></a><span> 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