RateCity’s Tindall said competition between lenders meant variable loans can still be obtained at sub-2% annual rates.
“The RBA has recently noted in their latest financial stability review the median repayment buffer for owner occupiers with a variable mortgage rate had grown to 21 months of scheduled repayments in February 2022, up from 10 months at the start of the pandemic,” Lawless said in a report released on Thursday.
Those on fixed rates would be insulated from the immediate rise, but face “a refinance shock” when their loan period expires, Lawless said.CoreLogic, RateCity, and CBA’s Aird all predict house prices, if they haven’t already peaked, will start to decline as interest rates rise.
just married planning for kids on 40 grand and 30 grand so where can we buy a house 2 beddy will be fine nothing flash ,well look we have nothing on the books in australia try outer mongolia or southern italy but be quick
leverage, it all depends on how badly you are leveraged ,equity repayments income ,an extra hundred a week , a mere baggatel to some ,a crisis for many ,luckily you have loan insurance so when the banks foreclose you wont be stuck with a half million to pay off
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