Borrowers have been warned to brace for further interest rate hikes after the Reserve Bank of Australia lifted its official cash rate to 4.6 per cent and cautioned more action may be needed to lower inflation.
Satterley has poached Ben Rosser from Cedar Woods and is making changes to its business structure, as it continues to expand into commercial property.
The West Perth-based developer has appointed Mr Rosser as its general manager of residential development, a role with a national focus.
Satterley, which has about $4 billion of projects in Western Australia, Victoria and Queensland, will also make changes to its Victorian operations.
Jack Hoffman, who heads up Satterley’s Victorian and Queensland portfolio, will solely focus on Victoria.
