The sales executive bought a $2 million house in the inner-west Sydney suburb of Haberfield in June 2021. He borrowed the lot, with $400,000 on a variable rate, which he has paid off, and the other $1.6 million on a fixed rate of 1.79 per cent. But the fixed rate will end in June.
His repayments will increase from $69,000 a year to nearly $110,000, based on the current variable rate of 5.5 per cent.
What do you think, is he the only one? Is he the worst of it?
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deflation coming like a tsunami
I'm on the lookout for a tinny.
They get cheaper each week.
Few swaps - they all want cash.
All the toys people bought during COVID will land on Facebook market place soon.
The only downside there is having to have a FB account
