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Banks Hike Rates 40 Points Before The RBA

#Cashrate #housingmarket #heisesays
They’re not waiting for the RBA.


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  1. The problem with people that bought before covid mania is that a big part of them have been using equity from their homes to bankroll lifestyles or to leverage new investment properties. Society is leveraged to the max and the effect of these higher rates are going to see a fair few Rangers and Jetskis disappear.

  2. I bought 4 properties between 2012 & 2019. My original starting rate was 5.09%. i did three years interest only on my investments and saved and invested the extra. Rent has increased a bit, mine are still way below current market rates but i mostly have family renting from me. 2.5 property mortgages are fixed under 3% till June 2025. Other variable loans have full or partial offsets. I've been out of work for over two years but still manage.
    My opt out strategy is to move to Asia where i have other properties. Anyone can do it. Just plan, set goals and do it. Stop whinging

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