The cost of a mortgage is set to increase 50% in less than a year and you guys think that you can beat monetary constraint through inflation. 6.25% mortgages will be here in Q1 2023.
500k mortgage was $825 @2% interest a fortnight That same mortgage will now be $1420 @ 6.25%
There is no way land lords will be able to raise rents to keep up.
This will the cost of living pressures, food prices, cost of fuel after the excise returns +21c, energy crisis. Where will these home owners be getting the money from? Stock market is tanking to excess equity is down the drain.
