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Aussie interest rates rising again,and again...
Well, todays interest rate hike will be the THIRD one since we arrived here in Melbourne in April 2007.
There is virtually NO WAY we could afford to buy a house here now and we came out with what we believed was a decent deposit! I feel sorry for people moving out here who think they'll be able to buy a huge house and live the dream as easily. House prices are continuing to rise despite the rate increase,demand is high and supply is low and if you plan to rent - the rent will be going up as well. All makes for not so cheeery reading I know , but it's reality out here I'm afraid. ( unless of course you want to live miles from anywhere or far out from the hub of things, THEN you can get an affordable house easily, but most people need to be within travelling distance to get to work here ) It sucks. *pearly* |
Re: Aussie interest rates rising again,and again...
Originally Posted by onepearlyb
(Post 5737104)
Well, todays interest rate hike will be the THIRD one since we arrived here in Melbourne in April 2007.
There is virtually NO WAY we could afford to buy a house here now and we came out with what we believed was a decent deposit! I feel sorry for people moving out here who think they'll be able to buy a huge house and live the dream as easily. House prices are continuing to rise despite the rate increase,demand is high and supply is low and if you plan to rent - the rent will be going up as well. All makes for not so cheeery reading I know , but it's reality out here I'm afraid. ( unless of course you want to live miles from anywhere or far out from the hub of things, THEN you can get an affordable house easily, but most people need to be within travelling distance to get to work here ) It sucks. *pearly* |
Re: Aussie interest rates rising again,and again...
Originally Posted by Vim Fuego
(Post 5737120)
Don't forget petrol prices ...
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Re: Aussie interest rates rising again,and again...
Originally Posted by onepearlyb
(Post 5737151)
Yeah, don't get me started on that either! HMPH!!!!
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Re: Aussie interest rates rising again,and again...
Thats why I went out and filled my lawn mower this week.
What are they now in the UK?
Originally Posted by crystal23
(Post 5737159)
Tipped to go as high as $1.75 next week:eek::eek:
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Re: Aussie interest rates rising again,and again...
Originally Posted by themerlin
(Post 5737176)
Thats why I went out and filled my lawn mower this week.
What are they now in the UK? |
Re: Aussie interest rates rising again,and again...
Originally Posted by Vim Fuego
(Post 5737186)
They are things that you cut the grass with :confused:
I'm trying to have a decent moan on here and your spoiling it for me and ruining everything. |
Re: Aussie interest rates rising again,and again...
Originally Posted by onepearlyb
(Post 5737193)
stop it!
I'm trying to have a decent moan on here and your spoiling it for me and ruining everything. |
Re: Aussie interest rates rising again,and again...
Originally Posted by onepearlyb
(Post 5737104)
Well, todays interest rate hike will be the THIRD one since we arrived here in Melbourne in April 2007.
There is virtually NO WAY we could afford to buy a house here now and we came out with what we believed was a decent deposit! I feel sorry for people moving out here who think they'll be able to buy a huge house and live the dream as easily. House prices are continuing to rise despite the rate increase,demand is high and supply is low and if you plan to rent - the rent will be going up as well. All makes for not so cheeery reading I know , but it's reality out here I'm afraid. ( unless of course you want to live miles from anywhere or far out from the hub of things, THEN you can get an affordable house easily, but most people need to be within travelling distance to get to work here ) It sucks. *pearly* Follow me and Rabsody. Wait for the share prices to crumble and put all ya dosh into bargain discounted shares :thumbsup: You might afford a house outright once they all stop kacking their pants and the values go back up :D |
Re: Aussie interest rates rising again,and again...
Originally Posted by Fleaflyfloflum
(Post 5737250)
Fear not Pearly
Follow me and Rabsody. Wait for the share prices to crumble and put all ya dosh into bargain discounted shares :thumbsup: You might afford a house outright once they all stop kacking their pants and the values go back up :D Ok. I'm very easily led, you know. Sounds like a good move. |
Re: Aussie interest rates rising again,and again...
Well that's going to put the bloody house prices down the pan even more :frown:
There's another rise in June too supposedly. We're all doomed....:ohmy: |
Re: Aussie interest rates rising again,and again...
For once in my life I love the fact that interest rates are rising. Now we are mortgage free self funded retirees the news is excellent for us (not to mention driving less and in a really economical car!). But, having been where you all are now in the days of HIGH interest rates my sympathies with everyone who wants to get on the property ladder! (And stay on it!)
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Re: Aussie interest rates rising again,and again...
Originally Posted by Vim Fuego
(Post 5737120)
Don't forget petrol prices ...
The weekly petrol cycle, you just have to love it! |
Re: Aussie interest rates rising again,and again...
Originally Posted by KLF
(Post 5737492)
You mean the 'how many fluctuations can we have for a litre of petrol in 1 week, every week?'
The weekly petrol cycle, you just have to love it! |
Re: Aussie interest rates rising again,and again...
Originally Posted by TraceyW
(Post 5737510)
Up and down more than Paris Hiltons knickers ;):rofl:
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