to 0.35 per cent, with more to come, would weigh on the property market.
But NAB chief executive Ross McEwan said homeowners were more vulnerable to price increases than businesses.“Pretty much everything they touch has got more expensive,” he said. “That does hurt household income, they’re less flexible about what they can do.”
swrighteconomy rachelclun Pass on my thanks to Moody's Investor Services. I feel so much more enlightened now, as does my mate, 'Blind Freddy'. 🙃
swrighteconomy rachelclun It is truely amazing how many people came down in the last shower, including many in the media and finance industry.
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The risk of ‘liar loans’: Can overstretched borrowers cope with higher interest rates?Millions of Australians have pushed the envelope on mortgage applications to get a foothold in the housing market. Now they face the threat of higher interest rates. auspol I wondered what variable meant Fair Work Commission are about to meet to set the new Minimum Wage. “Woolworths and Wesfarmers backed lifting pay for 320,000 of its workers to keep pace with inflation, which could mean wage rises of 3.7% from 1 July” Aged Care maybe 15%-20% rise. This will soften the landing. Yes but my 10 houses are sky-rocketing in value. 😀 Vote Liberal. AusVotes22
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The risk of ‘liar loans’: Can overstretched borrowers cope with higher interest rates?Analysis: Millions of Australians have pushed the envelope on mortgage applications to get a foothold in the housing market. Now they face the threat of higher interest rates | clancyyeates clancyyeates May God continue to bless you Julie_fx_trader, I never believe it's going to work out because I have lost alot in different places I Know one day they will face the judgement. I really appreciate Julie_fx_trader clancyyeates The greatest economic catastrophe since the Great Depression was only 10yrs ago and was caused by “liar” loans, otherwise known as subprime loans. This can’t be a serious issue surely?! I’m gobsmacked. This obviously was never taken seriously in Oz clancyyeates
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'The new normal': Higher mortgage repayments will keep hitting home owners in 2022, analyst saysThe Reserve Bank's 25-basis point increase is just the first of many on the horizon, and Queensland homeowners need to brace for higher home loan repayments over the next 18 months, a leading property analyst says. Interest rates were never going to stay at emergency levels. THAT is completely normal. It's nothing new. Have you figured it out yet? The RBA and the Government serve the rich and powerful. They're not doing it for you! People paying off mortgages take the fall to keep inflation low. 💩🇺🇦🇦🇫 JusticeForRefugees BringThemHere LetThemStay Everyone knows this already, the good thing is we had no interest rate rises for over a decade let's talk about that ABC. 🤔
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