This is the highest it's been in 10 years.


The rate hike now adds an additional $77/month in repayments to a $500k variable rate owner-occupied mortgage & $116/month to a $750k mortgage

Repayments for the same amounts are up approx $821/month and $1,232/month respectively since April '22.

ChuChu Rocket wrote: Tue Feb 07, 2023 3:32 pm The rate hike now adds an additional $77/month in repayments to a $500k variable rate owner-occupied mortgage & $116/month to a $750k mortgage

Repayments for the same amounts are up approx $821/month and $1,232/month respectively since April '22.

EXPECTED....... WAIT UNTIL IT HITS 5% LOL

moey_dw wrote: Tue Feb 07, 2023 3:59 pm EXPECTED....... WAIT UNTIL IT HITS 5% LOL

That would be a killer for the average joe with a mortgage. Just think about it, the mortgage rate in Australia was 0.01% over a year ago now it's 3.35% so a mortgage holder with a $500,000 loan will be paying over $900 extra just in interest each month now compared to say April last year.

moey_dw wrote: Tue Feb 07, 2023 3:59 pm EXPECTED....... WAIT UNTIL IT HITS 5% LOL

Housing crash in down under is coming.