this post was submitted on 06 Jun 2023
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Whelp there goes my savings. (www.abc.net.au)
submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]
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Who else is having their mortgage fecked by interest rates at the moment.

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[–] andy47 2 points 1 year ago (1 children)

I know it's painful for me, and I think anyone who has a mortgage is feeling the pinch at the moment, as is anyone who rents. Meanwhile - https://www.theguardian.com/australia-news/2023/jun/08/a-quarter-of-homes-sold-in-eastern-australia-in-2022-were-bought-without-a-mortgage-data-reveals

[–] [email protected] 2 points 1 year ago (1 children)

Yeah i was hearing that a couple of days ago. Who the fuck is cashed up enough for that ....

Ohhhhhhh thats right.... Investors .....

[–] [email protected] 2 points 1 year ago

It was likely a lot of oldies who were still exiting the cities - selling their mortgage free homes and buying with the cash in the burbs & regions.