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Reserve Bank of Australia lifts interest rates by 50 basis points to 1.35 per cent
lvlrsSTI

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#1

05-07-2022, 12:59 PM
https://www.9news.com.au/national/austra...a43f488861
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lvlrsSTI

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#2

05-07-2022, 01:26 PM
https://www.9news.com.au/national/austra...aa72d911e8
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lvlrsSTI

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#3

05-07-2022, 01:43 PM
This is the 3rd time within 3 months RBA raises interest rate, last month was also 0.5% hike
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(This post was last modified: 05-07-2022, 02:38 PM by lvlrsSTI.)
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lvlrsSTI

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#4

05-07-2022, 01:43 PM
Australian property boom is over, prices will drop at least 20%
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wulala

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#5

05-07-2022, 02:17 PM
1.35% only... no worries... Rotfl
even at 2%-3% many still can afford. cheap money Rotfl
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lvlrsSTI

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#6

05-07-2022, 02:39 PM
(05-07-2022, 02:17 PM)wulala Wrote:  1.35% only... no worries... Rotfl
even at 2%-3% many still can afford. cheap money Rotfl

1.35% is cash rate, the mortgage rate is already 3.35%
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lvlrsSTI

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#7

05-07-2022, 02:43 PM
(05-07-2022, 02:17 PM)wulala Wrote:  1.35% only... no worries... Rotfl
even at 2%-3% many still can afford. cheap money Rotfl

Variable home loan rates before July rate hike from National Australian Bank.
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wulala

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#8

05-07-2022, 06:54 PM
(05-07-2022, 02:43 PM)lvlrsSTI Wrote:  Variable home loan rates before July rate hike from National Australian Bank.
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unless the loan quantum is big (in million), a 0.5% rate increase base on 500k per month just need to fork out extra $170+- per month, which many can still afford
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lvlrsSTI

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#9

05-07-2022, 06:56 PM
(05-07-2022, 06:54 PM)wulala Wrote:  unless the loan quantum is big (in million), a 0.5% rate increase base on 500k per month just need to fork out extra $170+- per month, which many can still afford

Medium house prices in big cities are above 1 million, so many are having 1 million dollar loan.
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