So did pay rates

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Arguably my Automobile is Awash with Alliteration - Subaru Sti S202

5x @ 1/4% was it? So 1 1/4% in total?
8.3 % > 17 %
But also, were the rates rises not also brought in to stop inflation which was being caused by consumer spending? If people learnt how to manage money properly then they would be able to afford any rate rise upto maybe 3%. The problem is, that people have the "want now, not later" attitude, and put themselves into a situation where they cant afford to live. Over purchasing, buying that new 42" plasma, buying property that they actually cant comfortably afford to live in....... then because of a rate rise, bag the government for their own inablity to manage funds
Lets put money on that in the next 4 years with labour in government, the rates will rise by over 2% easy.

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09 Evo X

Not mine haha and Im in mining. Still, glad I bought a house 5 years ago!

Edit: Ill put money on that in the next 4 years with liberal in government, the rates will rise by over 2% easy also. Its just going to happen.

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betty banger

Surely your pay in the mining industry has increased? WPS? Otherwise your working for the wrong company

Haha, yeah true with the 2%.... but history (that we've been alive in) show that under labour the interest rates rise higher than under liberals, so maybe that 2% would be in 2 yrs labour....4yrs liberals

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09 Evo X

My pay goes up up every year but I have less money in my pocket each month. I'm not complaining about my job, just seems that Australia is becoming an expensive place to live.

Pissing a couple of hundred bucks up the wall on the weekend didn't seem to hurt like it does now, doesnt buy as many drinks either

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betty banger

interest rates will rise under any goverment thats in power... its due to our strong economy....

If ur scared about interest rate rises then FIX ur house loan SIMPLE...

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I'm a jockey kunts...

Yeah been thinking about refinancing, its around $500, looks like it might be worth it.

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betty banger

you should be able to switch banks without paying any fees... id look into that and force the bank that ur with to do it for free... u have to talk to the banks or they wont give u anything...

p.s LABOR SUX...

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I'm a jockey kunts...

Just be aware....
The latest trend of switching banks to compensate the cost of the rate rises are also making banks etc having to put in 'release fees' to cover their so called losses..... resulting in exit fees from $500 - $5000.

So your bank now may not have such a exit fee... but in the new banks 'insurance' as you may jump ship again, your new loan may have such a policy.

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09 Evo X

moral of the story

live at home with your parents and say u cant afford anything with your new wrx on apprentice wages.

seems to be working fine