Interest Rates Rise Again to 4.10%. Is economic damage around the corner?

Send us a textThe RBA Have Increased Interest Rates Again to 4.10%. It’s a hammer financial and psychological blow for households across the country.That’s 1% increase to rates in 2023 already, after 3% increases in 2022. For a million-dollar mortgage, repayments up to nearly 6k p/m from 3.7k a year ago. Up 62%!In this episode, we discuss:> Why they made this move> Is this the RBA's insurance policy at work?> Are the mixed messages by the RBA intentional?We then delve into the housing market?> Will this finally be the hurdle that slows down the housing market?  Is a second ‘double dip’ coming? Will Aussies be forced to sell up?Video coming shortly. Reach out to us at www.australianpropertytalk.com.au

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