Designate ( Designate6361@lemmy.ml ) to

Australia@lemmy.ml · 3 years ago

Whelp there goes my savings.

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Whelp there goes my savings.

Designate ( Designate6361@lemmy.ml ) to

Australia@lemmy.ml · 3 years ago

9

Cash rate surges past 4 per cent as RBA hikes again

Interest rates climb above 4 per cent for the first time in more than 11 years, as the Reserve Bank moves aggressively to clamp down on inflation.

Who else is having their mortgage fecked by interest rates at the moment.

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andy47 ( andy47@lemmy.world )
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3 years ago
I know it’s painful for me, and I think anyone who has a mortgage is feeling the pinch at the moment, as is anyone who rents. Meanwhile - https://www.theguardian.com/australia-news/2023/jun/08/a-quarter-of-homes-sold-in-eastern-australia-in-2022-were-bought-without-a-mortgage-data-reveals
- Designate ( Designate6361@lemmy.ml ) OP
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  3 years ago
  Yeah i was hearing that a couple of days ago. Who the fuck is cashed up enough for that …
  
  Ohhhhhhh thats right… Investors …
  - 🦘min0nim🦘 ( min0nim@aussie.zone )
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    3 years ago
    It was likely a lot of oldies who were still exiting the cities - selling their mortgage free homes and buying with the cash in the burbs & regions.