Heise Says
#RateRaises #Housing #HeiseSays
Mortgage interest rates are heading to 5%, surprising no one. Will people who have fixed in a lower mortgage prepare for the rate raises?
Twitch
https://www.twitch.tv/heisesays
📈 Invest in US Stocks and ETFs on Stake. Join today and we can both get a free stock. https://hellostake.com/referral-program?referrer=florianh757
📈Get 5 Free Trades from SelfWealth (And give me 5 free trades)
https://secure.selfwealth.com.au/Registration/Plan/5/yn2JA
🥩Join MeatRX and get a free coaching session.
https://meatrx.com/?raf=ref1253219
🔴 Check out HeiseSaysUS
https://www.youtube.com/channel/UCojfY2lvCR0AQBsCkl4QURg
📝 Become a HeiseSays Member
https://www.youtube.com/channel/UCe9Q_WLN-Z9tLVLoDIY24pg/join
🎙My Kit
Rodes Podcaster – https://amzn.to/2IfOEVV
Logitech C920 HD Webcam – https://amzn.to/2Kh6UR5
Rode PSA1 Swivel Mount – https://amzn.to/2WI2DNl
Rode WS2 Microphone Windshield – https://amzn.to/2K9edI1
Stream Deck – https://amzn.to/364HDjO
Drawing Screen XP-PEN https://amzn.to/3wuuO05
📺 Alternative Media Channels
Rumble – https://rumble.com/user/HeiseSays
Lbry – https://lbry.tv/@HeiseSays
Bitchute – https://www.bitchute.com/channel/oe5Z4EIyR4BW/
🥇 Goldpass Email: (Donate Gold)
florian.heise@heise.com.au
🌐 Buy HeiseSays Merch
https://says.heise.com.au/shop/
🟠 Referral Links 🟠
Amazon Australia Link – https://amzn.to/2KHmtiv
AussieBroadband Referral Code – 1826841
Independent Reserve Referral Link
https://www.independentreserve.com/invite/SSEFMM
Trade Crypto on Binance
https://www.binance.com/en-AU/register?ref=Z77Z5FSC
eBay Affiliate Link
https://rover.ebay.com/rover/1/705-53470-19255-0/1?mpre=https%3A%2F%2Fwww.ebay.com.au%2F&campid=5338609762&toolid=20008
📬 Postage
PO Box 3404 Sunnybank South QLD 4109
Read More:
Why Buildings Stand Up
https://amzn.to/2stNb5O
Why Buildings Fall Down Why Structures Fail
https://amzn.to/2RqpREZ
Great Streets
https://amzn.to/2YsORy0
A Pattern Language
https://amzn.to/2K7qA7B
Donate and support my content
Patreon – https://www.patreon.com/HeiseSays
PayPal – https://www.paypal.me/fheise
Support (crypto) – https://says.heise.com.au/support/
Social Media
Discord – https://discord.gg/uj9Y4sy
Facebook – https://fb.me/Heisesays
Twitter – https://twitter.com/FlorianHeiseAus
Heise Architecture
Our Architectural Practice.
http://www.heise.com.au/
Point Clouds Australia
Our Point Cloud Scanning and Equipment Hire business.
http://pca.heise.com.au/
Jeez three grand a month mortgage is that the average payment..wow
It's just started I think interest rates are going to go a lot higher I know it will hurt a lot but that's tough
Yes you need to to plan you have been saying it for ages but I bet not many took any interest
So many just thought low rates we re here to stay
Yea your morguage keeper is on the shelf they have tried everything else
So many want the big house the 4×4 and boat stick it on the house
Shiell be right mate
No I think you are on the money and given people a wake up call many times but so many sit back and dont listen
If labour get in with their regional 5% deposit scheme house prices to the moon in the regions. Go buy a shack within 2 hours of major hub now !!
Or … if stagflation hits hard and social unrest rises, we end up in Mad Max world
Right then. Just get another job and retrain- no worries. How much is retraining? Time off for reskilling. Courses going up in cost. Extra child care costs cancel any benefits of working an other job. Not to mention damage to the kids long term- 2 parents required for a reason. 1 needs to work. 1 needs to raise them. As it used to be. (Don’t care which does what).
If inflation is at 5%+ and rising, surely the minimum mortgage rates should be greater than that?
It is inevitable that people will default on their home loan, but I suspect car and other short term loans will be the first indicator.
Well people prepare? . There’s 2 sides to that . Existing home owners keeping their houses and the future of sales and prices. House prices are set from sales. Not existing home owners. I hope people are prepared for a fall in house prices. How many have been using there house as a atm machine. It’s also not only the drop . There’s thousands of businesses and people involved in housing. The economy will not do well if house prices drop. Be careful. Look for signs of demand for houses crashing. Open homes empty, auctions failing , listings in your area climbing fast. Reduce debt if you can , is your job Secure. Do you have room to bump the years up on your mortgage to give you a breather. Could you get a flat mate
muppets will be muppets..
nuff said
Bring on the crash… like SERIOUSLY bring in the crash…..
all the 'woke deadshits' who bought into the whole 'property to the moon' market will get 100% burned…
better if you lived in Lismore and got wiped out…
the sheeple will get led to the slaughter…. 100% each and every time….
PERIOD
ALL my properties are paid at a minimum of 8%…. 100% can handle ANY RATE RISE….
your welcome sheeples
Consenting to REpay higher interest rates on the credit YOU created – when the bank merely pretends to loan you …. is what I call insanity.
But I guess most can’t or won’t even try to comprehend what I’ve just put down. Preferring to believe Iam the one suffering from insanity. 🤦♀️
Imagine if …. thousands of customers chose to question their fraudulent mortgages, proved they never signed any lawful binding contract and ceased making the REpayments until provided the material evidence.
They’d soon realise this is impossible to do for any bank – because a certified copy of the credit agreement, Memorandum of common provisions (where your assigned POA is found) and all trust documents are concealed. They will never see the light of day …. otherwise this epic financial fraud scam would be over.
Go figure 🤷🏼♀️
I will guarantee most people won't 'prepare'
I look forward to higher internet rates at least we might get some return on savings
The rate will be going higher than 5%.
Just hurry up and give us the great reset, at least we'll be happy then
The public will need to budget for 3 to 3.5% rates as a minimum (bank rate). That's going to hurt on it's own!
As a tinfoil aficionado; “prepping” is only a dirty word to those who will become food in the post-apocalyptic ruins of my future stacker kingdom.
No, because we’re stupid. You warned us and I heed the call. I will give you beef or venison if there’s a barter transaction available. What do you have?
I thought rugpulls were illegal??
So rates have gone from 2 to near 5 %, the Fed only moved up 0.25 and the RBA not even moved yet.
Going wit 3% buffer now one has to be able to afford 8% interest rate. Getting heavy imagine when the RBA starts moving.
The economy will crash long before we hit 5%
6 of 1 or half a dozen of the other will come to the rescue of the poor suffering housing industry with another price spiking scam.ooops, I mean scheme.
I won't be doing anything I didn't take out a mortgage when I knew this would happen eventually. I don't want to pay higher cost of living via inflation just so the IDIOTS who bought in don't have to face the consequences of their actions so I hope rates increase significantly.
Mortgagekeeper 😂 Will the government also help themselves to a % of the property value if this happens?
Goodluck to all 🙏 Tough times are a coming …Plan up guys 😝
I want the savings rates to go up.
When I purchased my 16 houses between 2010 – 2013 I did my numbers to be able to afford 9% interest rates.
My best yield now is 28% (rent/debt). Rents have gone up over 50% since I bought.
Excellent , let the blood flow , Labor will be a one term government with Australia answer to Joe Biden, albo.
I'm paying my maximum rate possible within the fixed interest till 2024, I have savings, just finished my 2 year pandemic Masters.
I recall paying around 10% in 2007.
It’s only an issue if you’re max’d out in the house, the driveway & the pantry.
If your government cripples you, cripple your government
Sell.. for sale.. down down prices are down… smart people would sell now, unless the can absorb it and brought many many years ago
Average mortgage in NSW is a lot higher than 580k, do the math on that.
Go the RBA & Big 4
So next time there’s a little headcold……..
Let’s push on 🤣👍
Mortgage rates to 5% , savings rate -1 , banks will us bail ins . Banks fault for letting too many ppl us equity