Search the Community
Showing results for tags 'australia'.
From Oz.... Commonwealth Bank has called the bottom on ultra-low rates, hiking its three and four-year fixed mortgage rates, with industry experts saying more banks will soon follow. The bank raised both its three and four-year fixed rates by 0.05 per cent on Friday. This leaves Commonwealth Bank’s three-year fixed rate at 2.19 per cent and its four-year fixed rate at 2.24 per cent. https://www.theaustralian.com.au/subscribe/news/1/?sourceCode=TAWEB_WRE170_a_GGL&dest=https%3A%2F%2Fwww.theaustralian.com.au%2Fbusiness%2Fcba-hikes-three-and-fouryear-fixed-mortgage-rates-more-banks-set-to-follow%2Fnews-story%2F2155091f910dd918bb584965b2cfade5&memtype=anonymous&mode=premium Subscription needed but you can see the headline. Maybe the demons are about to be faced at last
Chatting to a close friend who writes for a well known financial website which is regularly posted here. Lots of jostling for position in their office at the moment for lead correspondent on overseas property - all their contacts in the financial / property industry are getting quite nervous of the bubbles bursting. Not much better than 'a bloke down the pub said' hence why it's here in anecdotals but was much encouraged by the indications that the pros are coming to the same conclusions as the armchair pundits.