This is the 3rd time within 3 months RBA raises interest rate, last month was also 0.5% hike
Australian property boom is over, prices will drop at least 20%
1.35% only... no worries...
even at 2%-3% many still can afford. cheap money
![Rotfl Rotfl](https://sgtalk.net/images/smilies/Animated/rotl_s.gif)
(05-07-2022, 02:17 PM)wulala Wrote: [ -> ]1.35% only... no worries...
even at 2%-3% many still can afford. cheap money ![Rotfl Rotfl](https://sgtalk.net/images/smilies/Animated/rotl_s.gif)
1.35% is cash rate, the mortgage rate is already 3.35%
(05-07-2022, 02:43 PM)lvlrsSTI Wrote: [ -> ]Variable home loan rates before July rate hike from National Australian Bank.
![[Image: D4-A0919-A-7231-414-C-B635-A9-E3-CF56-F509.png]](https://i.ibb.co/VT83xDP/D4-A0919-A-7231-414-C-B635-A9-E3-CF56-F509.png)
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
(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.