NAB has today announced the following changes to its home loan variable interest rates, effective Thursday 31 January 2019:
Variable rates for owner occupiers making principal and interest repayments will increase by 0.12% p.a. Variable rates for owner occupiers making interest only repayments will increase by 0.16% p.a. Variable rates for residential investors making principal and interest repayments will increase by 0.16% p.a. Variable rates for residential investors making interest only repayments will increase by 0.16% p.a.
>average falls of 25% nigga I lose that on LINK daily. Tell the aussies to stop being fucking pussies.
Brody Adams
But link is worthless trash and properties cost on average about $500,000
Cameron Price
Honestly who isn't surprised? It's a literal hell hole with creepy crawlies that could kill you instantly.
Fuck that place.
Joshua Phillips
>wait until the bubble is super inflated and then crashes before starting to hike interest rates again can they make it any more transparent that they are trying to amplify the cycles rather than reduce them?
Jackson Bailey
LIBOR has been raising and banks are meant to make a profit. It's not some scheme it's just about maintaining profits for shareholders. The rest of the Big 4 already raised rates last year. NAB held out longer but it's inevitable.
Ps: These rates so far don't cover the losses from LIBOR, so more rate rises are coming.
