Mind For MeRBA Rise: -$115+/month 📉
Sitter Swap: +$120/saved 📈
Work Commute: +$250/saved 📈
Don't cut back. Swap back.
#MindForMe can save you the entire cost of the rate rise, and more, without working a single extra hour!
Mojo ♻️The RBA looks set to reverse course, with economists now predicting a rate hike as soon as February 3rd, following higher-than-expected inflation data.
While the central bank cut rates three times last year, stubborn inflation is forcing its hand. The big question is: can stressed borrowers handle it?
Key Points from the Analysis:
* A single 0.25% hike could push 1.3 million Australian households into mortgage stress.
* Economists are divided: some urge immediate action to curb inflation, while others warn hiking too fast risks "snuffing out" consumer spending and economic growth.
* The RBA faces a tough communication challenge, trying to explain why rate rises are necessary to people struggling with high living costs and massive housing debt.
#RBA #InterestRates #Inflation #AusPol #CostOfLiving #MortgageStress #AustralianEconomy
Over 1.4 million Aussie households are now facing mortgage stress—and it's getting worse.
This video breaks down the top 10 hidden causes of the housing crisis: interest rates, wage stagnation, migration pressure, policy failures, climate risks, foreign buyers, and more.
Not just a real estate story. It’s a survival story.
#housingcrisis #mortgagestress #auspol #urbanplanning #costofliving #climate #realestate #rentcrisis
Millions of Australians Will Lose Their Homes—Here’s Why!
A massive 71% of Australian households say they need a rate cut just to keep up with their mortgages, putting pressure on the Reserve Bank to provide relief at their next meeting. #InterestRates #MortgageStress #CostOfLiving #ReserveBank #Australia #FinanceNews
The East Coast gas cartel is draining Australia's economy. Skyrocketing energy prices have pushed interest rates to unsustainable levels for Aussie mortgage holders.
This foreign-owned, China-aligned, undertaxed, job-sparse parasite is destroying industries and making Australia poorer, not richer—while strengthening China and leaving us vulnerable to its supply chains.
#gasprices #australiaeconomy #eastcoastgas #energycrisis #mortgagestress #economicjustice #industry #australianpolitics #china
https://www.macrobusiness.com.au/2024/11/the-gas-cartel-is-bleeding-australia-out/
The gas cartel is bleeding Australia out
The gas cartel is bleeding out the Aussie economy. The price of energy has shifted interest rates to a level that the underlying Australian mortgage structure cannot cope with. As such, since the Ukraine War, the Australian private sector economy has been in a permanent recession. This might be OK if we were substituting unproductive
Nearly Normal (=>÷)The only obligations banks will meet will be to unswervingly maximise their profits.
Mortgage stress is the result of basic banking strategy.
The less likely you are to repay a loan the harder a bank will make it for you to repay.
Peter Riley"In its majestic equality, the law forbids rich and poor alike to sleep under bridges, beg in the streets and steal loaves of bread." - Anatole France
#richparents #mortgagestress
#workingpoor #supermarket #pricegouging #Capitalism
Record number of Australians at risk of #mortgagestress as #RBA interest rate rises bite. Roy Morgan research shows 1.5 million people – almost a third of all mortgage holders – are spending 25 to 45% of their income on their #home loan. #australia
Linda PamYep. I tooted this a couple of weeks ago…
My heart bleeds for these pollies. No hope on removing negative gearing on these investments any time soon.
18 members on economics committees own 41 properties.
(May be behind a paywall but you get the gist) #auspol #mortgagestress
https://www.afr.com/policy/economy/mps-grilling-lowe-are-feeling-rba-rate-rises-20230214-p5ckip
Keith Agius‘An economic fairytale’: Australia’s inflation being driven by company profits and not wages, analysis finds https://www.theguardian.com/business/2023/feb/24/an-economic-fairytale-australias-inflation-being-driven-by-company-profits-and-not-wages-analysis-finds?CMP=Share_iOSApp_Other #inflation #Auspol2023 #profits #wages #economy #wageslavery #obsceneprofits #mortgagestress #RBA