NZ move a disaster for Aussie mortgages
New Zealand has done something which will have a profound impact on its economy. Now Aussie mortgage payers wait for their moment of truth.
New Zealand has done something which will have a profound impact on its economy. Now Aussie mortgage payers wait for their moment of truth.
It may have seemed like a good idea at the time, but a $20,000 government scheme could cost hardworking Aussies $100,000 in the long run.
As the PM faces criticism over the vaccine rollout and Australia’s covid situation, it could be an unlikely factor that could decide his future.
Our economy hinges on interest rates not rising for 18 months but there’s increasing worry no one has a clue what will actually happen.
There’s been a notable change in strategy for countries dealing with China and there are signs that the world has had enough.
House prices are rising by $1266 a day in places like Sydney but there’s on huge factor that could see the Aussie housing bubble burst.
Many see it as the future of money and investing, but a debate is raging about cryptocurrency, which puts its entire future into question.
It’s a scenario many homeowners can’t imagine but if interest rates rise it could push average Aussies into mortgage stress.
One thing has helped Australia thrive through the pandemic, but if China’s plan goes ahead then Australia will be cut off.
Interest rates look set to rise but it’s unlikely the heat will come out of the property market and there’s a crazy reason why.
Original URL: https://www.news.com.au/the-team/tarric-brooker/page/22