The Reserve Bank of Australia’s ongoing renovation saga continues to raise eyebrows, with a new twist adding to the mounting costs and delays. Despite the initial plan to cool construction activity through higher interest rates, the central bank seems to have missed the memo, embarking on a series of renovations that defy economic logic. The latest development involves a $15.3 million refurbishment of the former Perpetual Trustee Company Building at 39 Hunter Street, just a stone’s throw from the bank’s main headquarters at 65 Martin Place. This decision comes as the bank is still grappling with the aftermath of (Read more…)
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