Are interest rates about to hit 6% in 2022? If industry experts and the mainstream media are to be believed, then "YES!!" Property prices acorss our capital cities, including Sydney, Melbourne, Perth, Adelaide and Brisbane, could tumble as much as 15 per cent from their peak earlier this year by the end of 2023. Reserve Bank of Australia (RBA) governor Philip Lowe has given an interest rate forecast, predicting what might lie ahead for the cash rate, and for those with a home loan, it appears there still may be months of rate rise pain ahead. Whenever the RBA hikes the official cash rate, Australian banks and other lenders are generally quick to follow, raising the interest rates they charge variable rate home loan borrowers. So far this year, the RBA has hiked the cash rate three times, and each time, banks and lenders have followed suit, most recently following the July cash rate hike. But the real question is: Will the Australian property market turn from a housing BOOM to a housing BUST?
In this video, we'll analyse where interest rates could end up by the end of 2022 and beyond, as well as answer the following questions:
🤷 How high could interest rates go in 2022? 📈 How will interest rates affect the Australian property market? 🔮 Where will the RBA's cash rate be by 2023? 🛑 Why should we never listen to the mainstream media? ✋ Why you should BEWARE in 2022? ⏮️ What happened during Australia's property boom? 🏚️ Where will property prices be in 12 months' time? 🔥 What can first home buyers do to get ahead of the market? 👌 Is NOW a good time to buy a home? 💥 Is a property boom still on the cards? 🏦 What role do the major Australian banks play? 😟 Should current homeowners be worried? 💹 How does the Reserve Bank Of Australia's cash rate affect property prices? 🏘️ Will property prices increase in 2022? 🔓 What's better? A fixed or variable home loan. 📈 Will the Reserve Bank of Australia lift the cash rate again in August? ⚒️ Should You Consider Breaking Your Fixed Rates? 💰 Why Your Mortgage Could Be Costing You! ✋ Should I fix my home loan in 2022? 👍 Is now a good time to look at variable rates? 🏘️ What does this mean for my borrowing power? 🏦 What have the banks recently announced? 💰 Why are the banks taking such a tough stance on home loans? 🇦🇺 Why the changes from lenders across Australia? 🗣️ Why you need to speak to a mortgage broker 🤑 How your Mortgage Broker can save you thousands! ✋ How cautious should you be in 2022 with your mortgage? 🏡 What next for the Australian property market? ↕️ What does a 7% inflation rate mean? 💰 What do these rate rises actually mean for your mortgage? 🚀 What should investors do in 2022?
And to make matters worse, homeowners have been warned to brace for a double whammy of interest rate rises on Tuesday and again in August, with total monthly repayments expected to be driven at least $333 higher on the latest predictions.
So, the real question is: "WHAT NEXT FOR THE AUS PROPERTY MARKET?"
00:00 Forecasted 6% INTEREST RATE RISE! 00:50 Where is the Australian Property market heading? 01:20 Why the Reserve Bank of Australia's forecasts were WRONG! 01:50 The best prediction of where rates will be in 2022! 02:10 Fixed Vs Variable Interest Rates across Banks 02:55 Is a 6% Interest Rate Possible by 2023! 03:50 What impact will this have on your mortgage? 05:00 What should homeowners do? 05:45 From the Banks: THIS IS SURPRISING?!? 06:25 Why you can take comfort from the bank's announcements 06:40 What to do as rates rise?
