Housing, page-44

  1. 7,385 Posts.
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    > "Rising international interest rates which could increase our rates or limit any lowering by the banks as they get their funding overseas."
    I am pretty certain this is what is in store, although the local media doesn't publicise it. The RBA can only loan a limited amount, and the balance will be from international markets which means that at very least, riskier loans must reset at a higher rate.

    You make two points here : rising rates, and lack of ability to handle a lost job. Jobs are looking ok for the moment, I would be concerned about those fixed rates resetting shortly; if they must sell they should know that the market sets its price at the margins.
 
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