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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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53668291 No.53668291 [Reply] [Original]

>9th interest rate rise for AUSTRALIA mortgage holders who were told in 2020 that there would be no interest rate hikes until at least 2024

>> No.53668302

>>53668291
yeh it is pretty pretty pretty good. ~800k cunts coming off 1-2% fixed rates to 6-7% in the nek 6-months.

>> No.53668310

>>53668302
Someone indoors said August will be a blood bath

>> No.53668312
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53668312

>>53668310
she comin baybee, ohhh she comin

>> No.53668365

>>53668291
Australia and Canada both have higher household debt than Japan at their 1990s peak, which prices still haven't recovered from.

The global real estate ponzi is toast.

>> No.53668441

>>53668291
Nothing ever happens

>> No.53668458

>>53668365
They deserved it. These cocksuckers was bidding houses to ath during lockdown

>> No.53668469

kek baggies

>> No.53668483

>>53668365
Japan wasn't importing 1% of its population every year

>> No.53668486

good

>> No.53668496
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53668496

Leddit is a goldmine for these.

>> No.53668499

>>53668302
What going to happen to these people?

>> No.53668505
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53668505

>>53668486
>>53668483
>>53668469
>>53668458
>>53668441
>>53668365
>>53668312
>>53668310
>>53668302
>>53668291
ausfag here
1. most rate-hikes havent even been passed on, meaning it will get worse when they do
2. half the people on mortgages are immigrants, most mortgage stressed part of sydney is lukemba [90%+ lebanese/arab]
3. houses last year sold in under a day at my block, now 3+ houses are unsold after a month
4. cost of living crisis is eating all the money

>> No.53668647

>>53668505
I hope inflation refuses to peak and they keep having to hike rates until landlords, real estate agents, and bankers start dropping off rooves
My luck would exponentially suck more but it already does so I may as well see some leeches get their comeuppance

>> No.53668670

>>53668647
mutts get set rates for the most part.
we don't do this type of shit anymore.

>> No.53668677

>variable rate mortgages
I know America is cucked in plenty of ways, but what the fuck were Aussies thinking? lmao

>> No.53668713

>>53668677
Fixed rate home loans have always maxed out at 5 years

I don’t even think you get 5 years anymore

It’s not like the US where you can get 25 year fixed, that’s never been a thing

>> No.53668816

>>53668291
The whinging about interest rates in the Australian unreal. I'm enjoying it - I hoping rates reach 5-6% and the screeching will be amazing