Reserve Bank governor Philip Lowe will not be reappointed – reports

Philip Lowe, a father of three, lives in the wealthy suburb of Randwick in the city’s inner south-east, where the median house price is $2.9million

 His home with a park-style garden would be worth considerably more, with a likely value of more than $4million

Dr Lowe, who is on a total remuneration package of $1,037,709 and a base salary of $890,252, is protected from the cost of living crisis