Pity Australia’s fixed rate mortgage fools - MacroBusiness
7/6/2022 12:00:00 AM2 years 9 months ago
by Unconventional Economist
by Unconventional Economist
Pity the poor Australian home buyers who went out and borrowed to the hilt based on the Reserve Bank of Australia’s (RBA) 2020-21 guidance that they would not lift interest rates until 2024. As shown in the next chart, a whopping $145 billion worth of mortgag…
Pity the poor Australian home buyers who went out and borrowed to the hilt based on the Reserve Bank of Australia’s (RBA) 2020-21 guidance that they would not lift interest rates until 2024. As show… [+2066 chars]
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