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Interest Rates Rise Again to 4.10%. Is economic damage around the corner?
Manage episode 365331509 series 3423409
The RBA Have Increased Interest Rates Again to 4.10%. It’s a hammer financial and psychological blow for households across the country.
That’s 1% increase to rates in 2023 already, after 3% increases in 2022. For a million-dollar mortgage, repayments up to nearly 6k p/m from 3.7k a year ago. Up 62%!
In this episode, we discuss:
> Why they made this move
> Is this the RBA's insurance policy at work?
> Are the mixed messages by the RBA intentional?
We then delve into the housing market?
> Will this finally be the hurdle that slows down the housing market? Is a second ‘double dip’ coming? Will Aussies be forced to sell up?
Video coming shortly.
Reach out to us at www.australianpropertytalk.com.au
61 episodes
Manage episode 365331509 series 3423409
The RBA Have Increased Interest Rates Again to 4.10%. It’s a hammer financial and psychological blow for households across the country.
That’s 1% increase to rates in 2023 already, after 3% increases in 2022. For a million-dollar mortgage, repayments up to nearly 6k p/m from 3.7k a year ago. Up 62%!
In this episode, we discuss:
> Why they made this move
> Is this the RBA's insurance policy at work?
> Are the mixed messages by the RBA intentional?
We then delve into the housing market?
> Will this finally be the hurdle that slows down the housing market? Is a second ‘double dip’ coming? Will Aussies be forced to sell up?
Video coming shortly.
Reach out to us at www.australianpropertytalk.com.au
61 episodes
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