Heise Says
#interestrates #housingmarket #heisesays
Interest rates surge to 2.35% as the Reserve Bank struggles to fight inflation.
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I pulled my cash out of the banking system, no returns!
The difference is the level of debts we have now compared to the past.
The markets have a great way of humbling people….capitalism without bankruptcy is like Catholicism without hell…
If bank interest rate is the price of money, then inflation is the price of interest rate!!!
Of course the ABC has pre-recorded stories, only a blind man doesnt see the monthly rate rise.
We cannot have cash rate running below inflation rate, that will decimate our Aussie dollar. Think Turkey, Lebenon, Pakistan, Sri Lanka
1. Cash rate will hit 6%, to match inflation, at the very least
2. Inflation is not coming down if the labour market remains strong. More people chasing diminishing supply of goods, price can only go up.
Historical long term cash rates sit at about 4-5%. I find it amusing that people today are outraged that they have to actually pay interest on borrowed money now, that it isn’t free. What a world we have become.
Let's have a look!
RBA reduces rates to SFA to encourage spending now the RBA increases rates to reduce spending!
I've got it I think??
.love your financial advice lmao
RBA IS THE STOOGE OF THE GOVERMENT TO KEEP THE PUBLIC POOR.
Does the RBA have any idea what they are trying to achieve?
By march, cash rate will be 3.5%. Give more builder grants… govt. Supercharged the economy..
Holy shit
Good news for savers!
Money is still really cheap… If it stays too cheap for too long… The results will ruin the masses anyway as prices for everything rises and they can't afford the bills anyway. IMO the damage is done and now we will reap the rewards of issuing hundreds of billions of iou's. What many people today call money.
Just give me my 20% you selfish mouth breathers Hahahahah
Wow.If put $1000 in the bank for a year??.
Go Rob & the RBA!!
It was the bed wetting Labor state premiers who wanted $$’s printed for hiding.Ozzie’s where to busy fighting over toilet paper to realise that they were being played 🤦♂️
I can answer the sob story part: Yes, they save them, I was interviewed about rising rates etc and how it will affect me, I could tell the interviewer was getting frustrated as I would talk about locking in a low rate and now been worried etc, she was trying different angles to try and get scared or upset answers from me, long story short the story never went live because it didn’t fit the narrative, they instead kept using sob story pieces and yes they do the stories ages in advance and plan when to plant it 😅
"Let's Havalook"
Greedy pay always 😜!
Stop promoting the phrase 'Russias invasion of ukraine'…those who know history laugh at it because 'ukraine' never existed pre 1919…its all Russian land and people, the Communist occupiers (who were dzews) created it to divide Orthodox Russia and weaken it…similar thing happened in Germany 1918 with the creation of Weimar republic by dzews
Once again no mention off government keeper. These people are in Dream Time truly…
Interest rates are not the problem.
Over priced housing is.
Everyone should follow simple rules when it comes to investing in any asset class.
1. Reversion to the mean for valuation.( For Australian Property 6/1 Household Debt to income).
2. Buy low and sell high. ( If you buy now your a fool ).
When i was a Accountant banker in a small new bank in Australia we worked on 1 % margin, just to cover the cost of the bank, and that was still barely making money, to cover the overheads.
you tube has now been renamed ''AD TUBE ''
Everyone is complaining about the cost of their mcmansion but no one wants to be a half owner of a house with either their children or parents. When interest rates were 18% that's how l got into the housing market for the first time. Stop wanting it all with your first house