Heise Says #housingmarket #rba #heisesays
With six interest rate hikes predicted, could you manage a mortgage with variable rates over 7%?
Twitch
https://www.twitch.tv/heisesays
Check out HeiseSays International
https://www.youtube.com/channel/UCojfY2lvCR0AQBsCkl4QURg
📝 Become a HeiseSays Member
https://www.youtube.com/channel/UCe9Q_WLN-Z9tLVLoDIY24pg/join
🎙My Kit
Rodes Podcaster – https://amzn.to/2IfOEVV
Logitech C920 HD Webcam – https://amzn.to/2Kh6UR5
Rode PSA1 Swivel Mount – https://amzn.to/2WI2DNl
Rode WS2 Microphone Windshield – https://amzn.to/2K9edI1
Stream Deck – https://amzn.to/364HDjO
Drawing Screen XP-PEN https://amzn.to/3wuuO05
Alternative Media Channels
Lbry – https://lbry.tv/@HeiseSays
Goldpass Email: (Donate Gold)
florian.heise@heise.com.au
Buy HeiseSays Merch
https://says.heise.com.au/shop/
🟠 Referral Links 🟠
Amazon Australia Link – https://amzn.to/2KHmtiv
AussieBroadband Referral Code – 1826841
Independent Reserve Referral Link
https://www.independentreserve.com/invite/SSEFMM
eBay Affiliate Link
https://rover.ebay.com/rover/1/705-53470-19255-0/1?mpre=https%3A%2F%2Fwww.ebay.com.au%2F&campid=5338609762&toolid=20008
📬 Postage
PO Box 3404 Sunnybank South QLD 4109
Read More:
Why Buildings Stand Up
https://amzn.to/2stNb5O
Why Buildings Fall Down Why Structures Fail
https://amzn.to/2RqpREZ
Great Streets
https://amzn.to/2YsORy0
A Pattern Language
https://amzn.to/2K7qA7B
Donate and support my content
Patreon – https://www.patreon.com/HeiseSays
PayPal – https://www.paypal.me/fheise
Social Media
Discord – https://discord.gg/uj9Y4sy
Facebook – https://fb.me/Heisesays
Twitter – https://twitter.com/FlorianHeiseAus
Heise Architecture
Our Architectural Practice.
http://www.heise.com.au/
Point Clouds Australia
Our Point Cloud Scanning and Equipment Hire business.
http://pca.heise.com.au/
What people don’t realise is this is all speculative – no one knows what is actually going to happen and listening to the news and “experts” will do more harm than good. The media want you scared.
When Shell advertise its latest all-time greatest profit rate do you really think the War in Ukraine was a spur of the moment ??? That slimy cun$ that was elected to lead Ukraine is purely a muppet to the corporate machine . Here in Australia our elected leader and government has absolutely no interest in the working class taxpayer … When we had people like Len Buckridge the ALP and its Union Henchmen were out to break BGC … BGC are the only company producing building materials for their own … How Dinky Die is that ???
7 percent borrowing rate will likely smash most real estate markets in Oz. Especially in expensive areas.
😳😮🤔🙏👍😉😀😀😀wow 👍👍👍
Gonna get nasty
'You'll own nothing and you'll be happy' – some evil cnt with last name schwab. Get ready to eat zeee bugs 🐛
Why do you or anyone assume that they would be 6 x 0.25% instead rate rise to equal to. 1.5% increase. What if they are 6 x 0.5% or 0.75%????
You’ll own nothing and be happy….. remember
Commonwealth bank economists predict a rate cut by the end of the year. There is about a 6-month delay on inflation with rare rises filtering into the economy. Plus, lots of ppl finish their fixed rates this year, putting restraints on the economy. The RBA are useless, but they should have risen the rates slowly over the last 3 years with all that money printing inflation was always going to happen 🤦♂️
i feel sorry for Australians ….
Lessons learnt, buy what you need not what you want!
What happened to the rate cut predictions? How do we go from one extreme to another in one news cycle?
The next generation might laugh at Heise Says when they get negative interest rates because of the CBDCs that deducts money from people's bank account whether they like it or not.
Companies put up prices on their products because of bandwagoning and increased input costs. Increasing interest rates to counteract this does precious f all except make loan repayments larger.
What rubbish, honestly. Highest interest rate increases in 40 years here and around the world, it hasnt and it wont manage 'supply driven' inflation, only supply will. Without floods (impacts food and massive rebuild), fuel leveling off and much lower building starts, inflation will level out and drop naturally, especially as supply comes back. Recessions already in major economies and ours. Maybe 2 more rate rises at best
gonna be bad for building industry…
Prices will come down eventually. They can't just keep hyping up people to take out $1M dollar loans for houses. It's insanity people want to live in a clown world where we all worship property because they're afraid of hurting a bunch of soft people who got duped. I mean imagine the things we could do without all this mis-allocated capital. Maybe we'd have real science and technological breakthroughs again. Or we can just spend another 50 years playing the property ponzi scheme. People are spineless.
They will protect the property bubble at all costs. No way they will go to 7 percent
Every generation needs to work out the system they are dealt…i had fuck all at 30 id retired by 46 🤷♂️
Australians voted for the whole thing,they are quickly learning that the three major parties and their cronies,(like majority foreign owned banksters,RBA etc) political donors etc are not their friends,time for better including a big new public owned bank,(ask China etc about it),close RBA etc.
And loans are much higher than 10 years ago . Houses have doubled
"Could You Handle A 7.48% Rate?" If we could still handle this rate, that devil would keep increasing.
I'm so glad I bought a cheap little unit instead of a 500k house as the bank wanted me to. I'm about to sign off on 2yr fixed rate loan just to get through all this