Higher rates are good for home buyers

Stay Awesome!

It should drop 30 percent
It only bothers people who thought they were rich cos they went up so much
As they say if you don't hold it in your hands the money that is you don't own it

insolvency is a prick

Anybody heard that banks maybe closing for 7 to 10 days from Sept 24th??? May not be true, but its being circulated around some social media groups….(Qld, Aus)

Higher rates are good for financially responsible people that look to save money to buy property (and things in general) they can actually afford rather than be a cashflow for a bank for 30 years paying off an overpriced asset and living in a fantasy world dependent on cheap credit. The cash rate again was 4% or higher for most of history prior to May 2012. There is a reason rates were kept low for a decade- It fosters financial dependence through a positive feedback loop of borrowing large sums money to grow a property asset bubble. It was a way of suckering people into abandoning financial independence with the illusion home ownership makes a 30 year mortgage borrower somehow different to a tenant. If you don't pay your mortgage, you will find out who the real "homeowner" is. There is a reason the media have constantly been on the offensive with rate rises. Look who funds them. There is a reason too banks have been quick to pass on rate rises to borrowers but slower with savers.

Mate this might be worth looking into! Gas giant Origin Energy is abandoning plans to frack for gas in the Northern Territory’s Beetaloo Basin. They said they are starting the transition to green carbon friendly energy it’s now starting…

Here's hoping that Lowe takes rates to the moon.
It's a shame he's been so negligent up until this point, but at least now he's finally doing the right thing.

6-8% OCR, normal interest rate levels, lets go!

Heise I rely on you to get the updated cash rate. Don't stop the ball in relying on you

🎯

Did you say wanker or banker ?.

So many Australians are stuck on the govermant TIT and need to stop expecting them to fix anything