SG Talk

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

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

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

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

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

(05-07-2022, 02:43 PM)lvlrsSTI Wrote: [ -> ]Variable home loan rates before July rate hike from National Australian Bank.

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.