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Inflation

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It seems that Governments all over the place like to talk the talk, but walk the walk, well they are just like banks.
From ABC News
Concerns are growing that the Western Australian government's Keystart housing program is locking low-income earners into home loans they can't afford by raising interest rates to 8 per cent.

Key points:​

  • Keystart provides low-deposit loans to help people on lower incomes buy their own homes
  • Concerns are being raised as the state-government initiative raises its variable interest rates to 8 per cent
  • Keystart could not provide a spokesperson to be interviewed on Friday

Launched in 1989, Keystart is designed to help people enter the housing market by providing low-deposit home loans for borrowers who can later refinance when they have paid off a portion of the loan.

The loans are only available to people whose income does not exceed the program's set limits, and there are caps on the amount that a person can pay for their property depending on where they live and their household.

A single person in Perth city would, for example, have an income cap of $105,000 to purchase a property worth $560,000.
Click to expand...
8% Interest to help low income earners get a housing start.
yea, that seems equitable.
Mick
 
3456347375357635673567.jpg

Iron ore's been pummeled too so yeah, there's some ugly stuff on the horizon. All the more reason for the government to throw open the immigration floodgates.

Migration + drop in interest rates = house prices (certainly in sydney anyway) continue to rise.
 
over9k said:
View attachment 155369

Iron ore's day is done.
Click to expand...

Declining iron ore price means confidence in China's industrial output is shaky to say the least. There has been talk of a Chinese economic rebound this year but I am not convinced. I think the CCP has swept a lot under the rug to keep up appearances and the Chinese economy is in a lot worse shape than is commonly thought and the market is in for some surprises this year.
 
greggles said:
Declining iron ore price means confidence in China's industrial output is shaky to say the least. There has been talk of a Chinese economic rebound this year but I am not convinced. I think the CCP has swept a lot under the rug to keep up appearances and the Chinese economy is in a lot worse shape than is commonly thought and the market is in for some surprises this year.
Click to expand...
Agreed. Been saying this for a long time.
 

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