RBA Interest Rates to plummet early 2023, page-2206

  1. ciroc
    1,521 Posts.
    lightbulb Created with Sketch. 217
    clock Created with Sketch.
    23/06/23
    07:37
    Post #: 68429262

    The picture since then has darkened with the RBA lifting the official cash rate another 0.5% following hikes in May and June.In turn, Australia’s army of negatively geared property investors are facing further losses.Indeed, CoreLogic Head of Research, Eliza Owen, on Thursday released data showing that investors across Sydney, Melbourne and Perth are dumping their homes on the market amid soaring loan repayments.Borrowing to invest in real estate makes financial sense when interest rates are low and values are rising.When the contrary occurs, as it has recently, investing in real estate can turn into a financial disaster.https://hotcopper.com.au/data/attachments/5372/5372967-f9890fe0919c57dcc1de0c86e2709b37.jpg
    Likes Created with Sketch. 7  Upvote
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

BOT US FDA approves Botanix Pharma's excessive underarm sweat drug
right-arrow Created with Sketch.
AML Cultural heritage agreement puts Walford Creek exploration back on the map
right-arrow Created with Sketch.
GWR Scoping study and Phase 2 drilling progress Prospect Ridge magnesium play for GWR
right-arrow Created with Sketch.
JGH Jade's strong gas exploration results another step towards Mongolian development
right-arrow Created with Sketch.
RDN If you thought lithium was dead, think again. The Pilbara will be central to the next upswing
right-arrow Created with Sketch.
WAF West African Resources draws final US$100M from Sprott-backed loan for gold plant
right-arrow Created with Sketch.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.