Interest Rates Rise Again to 4.10%. Is economic damage around the corner?
- Author
- Redom Syed
- Published
- Tue 06 Jun 2023
- Episode Link
- None
The RBA Have Increased Interest Rates Again to 4.10%. It’s a hammer financial and psychological blow for households across the country.
That’s 1% increase to rates in 2023 already, after 3% increases in 2022. For a million-dollar mortgage, repayments up to nearly 6k p/m from 3.7k a year ago. Up 62%!
In this episode, we discuss:
> Why they made this move
> Is this the RBA's insurance policy at work?
> Are the mixed messages by the RBA intentional?
We then delve into the housing market?
> Will this finally be the hurdle that slows down the housing market? Is a second ‘double dip’ coming? Will Aussies be forced to sell up?
Video coming shortly.
Reach out to us at www.australianpropertytalk.com.au
