"To add more on top of what we've already increased over the past six months would have been, not the be all and end all for us, but it would have been a negative and a bit of a sad way to to end our first couple of weeks in our home," he said.But despite the initial excitement at the reprieve, he said the couple will take the central bank's warning of potential future hikes on board.
"So we'll monitor and everything and see how we go and kind of make a little bit of a plan for if they do continue to rise, and if they don't then that's a little bit of extra spending money."
The RBA is why the increase happened don't try to make them out to be heroes, So What's the Difference between the ABC and Newscorp.......not a joke a serious question, anyone?
Should've locked in at 1.9% a couple of years ago
I'm very grateful for it, but I just got a cost of living increase in my salary. Probably instead of a pay rise, but still: gratitude practice. So my buying power has increased again so.... what was the point?
That's nothing my real estate just told me they want to increase my rent by 19%!!!!!
$500 a month increase means they have 230k to 270k in mortgage. Doesnt mean they're not feeling it but they're in a much better position then a lot of other people.
No room to breathe for renters woohoo pay up right now or be evicted
how room to breathe? they're still paying the extra $500?
Still paying the $500 extra….
. Blame immigration. Lobby against immigration. Protest against immigration. .
Always super risky when banks start lending in an uber low interest rate period. To people who can afford that but can't take a rise of a couple of percent. Banks code of practice is to assess risk. Where is the risk assessment here?
Just wait until next time.
This is meant to be an inflammatory headline, right? Others' mortgages have gone up higher and renters weekly rents have gone up more in some cases.
Don’t worry.. soon that $500 will only be the bread bill for the month
I used To own my home… divorce is horrible.. the 3 kids live with me but I lost 65/35.. it’s all for the woman 😩😩
You can ask your bank for a decrease in rates. They will do it if your general position/equity is good. I got over 1% off last month. They don’t like to lose customers.
Wow they are lucky mine gone up over $1000
They should not be smiling. Take any opportunity to keep paying off the loan, get ahead.
Just 500?is it worth to report?
What! Only $500. They're doing well.
Very disappointing and rates must increase.
Abandoned the cheapest form of energy around (coal). Demanding more services, stuff and solutions from big govt. Tolerating bullshit jobs and inefficient govt spending. Tayla & Jeremys lunch has been eaten and they don’t even know it.
This is of course BS as the banks can raise or lower interest rates on their loans as they see fit. Home owners with mortgages know that they are at the mercy of the lending institutions.
The RBA are ones turning the screws so creditors to the government can get maximum returns on the loans they extended the government. It shouldn't be up to people with a mortgage and renters to save the economy from runaway profits.