Heise Says
#housingmarket #interestrates #heisesays
Approaching 7%.
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So I'm guessing CBA wants to shift borrowers to Variable!!
Goodness me, what's going on!!
So…. What does CBA know that I don't know?
It’s amazing that people are shocked by this.
History repeating the game of You Will Own Nothing Whilst the One Percent Own Everything is being replayed, only this time they will take 90% from the gullible sheep
Thhey all are duh
Well we all know that the RBA didn't force them to raise their rates. Maybe the CEO wants to push more profits than they already made last year. This will not help all those with existing loans and certainly will not stop inflation.
I feel bad for the young people that rushed in 2020-2022 thinking property prices will just keep increasing. The owner occupiers, not the investors. They were fckd over and ripped off, sadly many likely are new families too., and their children's quality of life has been changed forever. Paying for a property way over its actual value out of fear and FOMO. This is a property market correction, not a crash, that said it was def caused by the macro economic situation.
So would anyone like to make a guess at where they will top out at?
My guess is rates will top out at 17%
Come back and see me in 9 years time to confirm……
With a the focus on the RBA, its as if many people have forgotten that banks can raise rates any time they want to.
Is 1.4% alot? Holly Molly Batman, houses will only go to the moon right? I'm so so so glad I sold everything! Time to sit back and see the calamity and pick up houses on the cheap cheap!
I trusted RBA same as trust our politicians! By the way, I trusted our politicians!
Are you still thinking we're not going to have a crash? Cost of living skyrocketing, mixed with fixed rates due to expire and having to jump to 7%… 😰
Simultaneously, their NetBank Saver rate is still a catsh.t 0.3%.
On cue Mr Heise. When reality hits! We need t-shirt saying. "Grab Your Stein of Coffee…I MoFo Told You So!"
Side note…where are all the regulators, agencies blah blah blah blaaaah policing this magic show??????
I enjoy you're content Florian but I am surprised you can't yet see the inevitable total destruction of the western economy being right around the corner. There is a reason why this is all happening so quickly and that is the great reset.
My 27 year old nephew bought a new build house in QLD, on a postage stamp sized lot for around 1 million in 2019. He and his wife also got a loan for 1.2 million for an investment property in 2020. They must be shitting bricks right now.
Bankers will own it all..
the controlled demolition, as expected.
No problem, wage rises are on the way.
Just ask dr Phil Lowe (for a dr he is)
Love that photo of Heise! 😱😱
CBA fixed like nails, screws and liquid nails into a piece wood!
Builders already going bust, today a new neobank collapsed. In the USA (leads Australia by a few months) retailers discounting heavily and restaurants shutting down. Europe about to enter a self inflicted energy depression. Do we get:
A) war
B) depression
C) hyperinflation with helicopter money
D) rational monetary and fiscal policy
"probably" .. their teacher is? .. the Yankees .. the champions of euphemisms .. like? .. "friendly-fire" .. rates will never come down
As a first home buyer, I'm glad I stayed out of the market in 2020 when my peers were cashing in super because of FOMO. – Seems like the best move would be to buy after the reserve rate is peaked and prices have a chance to come down to reality, That way you can buy at a cheaper price and ride the interest rates down.
IMO the RBA will continue to raise the interest rates until it hurts too much then lower them in a panic.
That's what you get for being ignorant about electing career politicians by(voting in a rigged electoral system) and believing their rhetoric. Also every Australian is responsible for allowing the march of economic rationalism to continue in Australia. Sorry through your individual ignorance you have allowed criminal governments to continue and make normal backhand deals with globalised corporations. The electorate have allowed politicians to ride the gravy train for decades and to act as puppets for the International corporations. The piper is now whistling.
Let's push interest rates back to 10% !!!!
Interest rates are only part of the picture, currency collapse is by far the bigger picture that will have devastating effects and when combined with continued increases in oil prices this will destroy almost everything.
Focus on the 20% increase not the rate % good work on excel!
T H E " N E W N O R M" is here. More rate increases to follow.
Biggest aussie bubble EVER
sorry heise i have had people pay break costs and move from 2% to 5% from fear of even higher rises down the track.
HOW THE FUCK IS IT LEGAL THAT THEIR SAVINGS ACCOUNT IS 0.9% INTEREST. FUCK THIS WORLD I HOPE IT ALL BURNS, ESPECIALLY BEFORE THE BOOMERS DIE.
Maybe your right, its worring but the reserve bank seems to think that people have the money to absorb the hikes and no sign of a recession insight.
I think its time for a correction but remember it will only be small and short in duration, the govenment will step in if it gets to stressed.
Theres a money tree out the back of parliament, its called the RBA.
Give with one hand and take with the other thats what govenments and RBAs do.
And they need all those unsanctioned psykers ….. er… migrants to be funneled to support the Golden Throne …. er … Australian Economy.
Still got 18 months at 2.09. Not sure what to do. Have a smallish mortgage but can lock in with nab for 5 years. Can someone advise please.
Just remember 5 year fixed going so high indicates that the banks think variable rates in 3 years will be around 9% . It's a blended rate and they want more people on Variable rates . Similar to the GFC that hit the USA a decade or so ago is going to hit here , AND a BIG recession along with inflation , high Government debt , falling commodity prices ( iron ore , coal etc ) that the country depends so much on . Commercial real estate is falling over in the USA , 8 million people are facing eviction because they are a long way behind in rent . Consider this unemployment will explode in the next 12 months as businesses close , or reduce staff . Does anyone see good on the Horizon ???
Blame Putin. That Russian, planed to destroy the housing market.
Lol, its either a controlled demolition or its supreme incompetence. Either way heads should roll (metaphorically speaking of course).
I rent and just renewed our lease with only a $50 increase per week. So thankful right now! “But buying is cheaper than renting!” Riiiiight
How the hell does my neighbour islam friend with 6 kids still able to hold on with his house and travel every year back to palestine while I struggle with no kids to hold onto m house!?!?! What am I doing wrong?
How the hell does my neighbour muslim friend with 6 kids and housewife still able to hold on to his house and travel every year back to palestine while I struggle with no kids can't travel coz of work to hold onto my house!?!?! What am I doing wrong?
I have never met a wealthy financial analyst…
How quickly the world turns a couple of years ago I was reading a risk assessment for the banking Industry about the effects if negative interest rates were passed on to savers and people hoarding cash and using cash instead of electronic payments a major source of income for banks. Yesterday it was reported that discretionary spending was up 10% and confidence was down 20% are people bringing forward purchases that they might not be able to buy next year ?
Get ready for 7.2 by the end of the year