WESTPAC, ING and National Australia Bank increase interest rates

Perth will boom to the moon forever starting next year but high prices are a drag on society and must be stopped?

 

It begins...

Interest rates to rise even if RBA holds: Australia’s Big Four banks - realestate.com.au

 

Good Morning Australian Mortgage Holders.

Here come high interest rates.

Here come the tears.

Sell your homes now before you loose them.

If you think you can wait you will find out nobody will be buying.

We have seen all this before.

 

You ok?

 

Sort of sad but if anyone thought rates would stay at all time lows forever then they really have no one to blame but themselves

I am sure there are plenty of us on here who will give the foreclosed houses a new home in a portfolio

 

I agree! Do the fire sales before the end comes to wipe us all out.

btw out of casual interest, please PM me the addresses of the places you're all selling.

 

You evil scavenger you.............get in line!

 

You are so jovial in your public service announcements, i find them almost comical.

Good Morning Australians... Death is nigh... blood in the streets.... Rejoice!


Can I ask how Perth is going to Boom in such turbulent times of ridiculously high mortgage rates and associated pandemonium?

 

"The register, released today, concludes that land more than twice the size of Victoria is foreign-owned and that figure has grown by 2.5 million hectares in the last three years."

"Last year, a survey by ABC Rural found a quarter of Northern Territory pastoral leases were wholly or partly foreign-owned. ABC Rural concluded 12 months ago that of 223 pastoral leases, 47 had some form of foreign ownership, covering a land mass of 149,702 km2, which was 25.1% of the 596,310 km2 pastoral estate – 44% – of the Territory’s total land mass."

"The top four foreign landholders in Australia are the United Kingdom, followed by the United States, Netherlands and Singapore. China is fifth on the table, just ahead of the Philippines"

"But the figures appear to be very much a preliminary snapshot, compiled by the Australian Tax Office ahead of new laws that came into place on July 1, forcing companies to disclose foreign ownership amid an increasingly rancorous debate about undisclosed or hidden Chinese investment in property and agriculture in Australia. A better picture of who owns what in Australia may not emerge for another 12 months in the wake of the tougher disclosure laws, and may lead to a substantial jump in foreign holdings."

Here are the top 10 foreign land owners in Australia

 

Better fixed the loan now as its around 4% for 3yr