Home Loans & Mortgages

Interest rate rises hit everyone, those with higher pays in the Mining States of Western Australia and Queensland, as well as those consumer based economies in States in the South Eastern States of Australia, who haven’t enjoyed these pay rises businesses who can only dream of the raises in demand for their goods and services, or workers not enjoying the higher employment rates in high income work, as the wealth of the mining boom filters through the economy.

There is a lot of speculation on Australia’s home loan interest rates, both here and in the US, that Australia’s wonderfully low unemployment rates and growing business investment will mean RBA will have to lift its interest rates, and how that will affect the housing market.

Interest rates rises concerns for Australian home buyers and homeowners need to be addressed by the RBA and the Government There is evidence that any mortgage rate increase will lead to mortgage stress for a lot of homeowners who has overcommitted of mortgage finance, either recently, or by buying at the top of the real [...]