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Interest Rates
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oneonesit View Drop Down
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    Posted: 29 Dec 2022 at 9:08am
Probably deserves its own thread considering the impact they have on everyday living. The Big 4’s predictions are a bit all over the place. None too good though for the economy anytime soon. Let’s see how their predictions pan out
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Points: 38928 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Tlazolteotl Quote  Post ReplyReply Direct Link To This Post Posted: 29 Dec 2022 at 9:15am
Nowhere near high enough.Big smile Cash rate should be above inflation rate which it usually (always?) was until the central banks embarked on their crazy asset appreciation experiment.
Manners are of more importance than laws

Edmund Burke
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Points: 50286 		Post Options Post Options   Thanks (0) Thanks(0)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: 29 Dec 2022 at 9:16am
This could be a bit of fun. Let’s keep track of the number of times we hear Albo mention the word “interest rates”. 

Up until now I’ve got down at “zero”

Time & place should suffice
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Points: 95515 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Passing Through Quote  Post ReplyReply Direct Link To This Post Posted: 29 Dec 2022 at 9:22am
I predict there will be no increases or cuts in January.
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oneonesit View Drop Down
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You would 😂

Don’t worry - they will make up for it in Feb 
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oneonesit View Drop Down
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Points: 50286 		Post Options Post Options   Thanks (0) Thanks(0)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: 29 Dec 2022 at 9:57am
Interesting. The average home loan amount across Australia is 600k. That obviously include loans across a long time period & across all markets

So , not hard to suggest that in a market like Sydney the young ones are well into the million dollar plus range. So based on April 22 actuals vs May 23 predictions the increase in Monthly repayments ;

* 1 million loan = $2,150 - 25 yrs  
* 1.5 million loan = $3,225 - 25 yrs (could be a bit more assuming fees also higher)

These are the increases - not the actual repayments. On the 1.5 million loan it would be well over $10,000 per month
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