RBA slaps down property DOOMSDAY Sayers! Mistakes, Inflation & Pain for Homeowners [RBA Spotlight]

The Reserve Bank of Australia (RBA) has slapped the pessimists concerned that its super-sized interest rate rises will crush the housing market and the economy. The negative media agenda has even gone as far as to say that there will be a 40% rise in household repayments (monthly) as well as a $650 per month premium for mortgage holders within the next 18 months (2023)! But, why does the Anthony Albanese (Labor) government 'believe' the RBA has 'made mistakes' and is failing Australians in their property market dream?

In her first speech as deputy governor on Tuesday, Michele Bullock delivered a crucial RBA analysis to argue household balance sheets can handle a potential 3 percentage point increase in the cash rate (since May) by mid-2023 in line with money market pricing. Cynics say the RBA needs to justify why households can afford significantly higher than expected rates. After it misled borrowers as recently as last year, the cash rate was unlikely to rise until 2024.

In this video, we'll break down Michele Bullock statement and answer the following questions:

🤷 Are interest rates still below where they need to be?
🔎 Who is right? The RBA or doomsayers?
✅ Are the RBA correct to predict another 1.5% interest rate hike?
🏦 What are the major Australian banks saying?
📈 Where will the cash rate be by 2023?
💰 What can mortgage holders expect in 2022?
🆙 Will your home loan increase by 40% this year?
📰 What are the key statistics driving the cash rate?
🧮 What measures do the RBA use to calculate the interest rate and inflation?
🇺🇸 What can we learn from the United States?
🟰 How do I use a Home Loan Extra Repayment Calculator
🗑️ Why the RBA review will be a waste of time
😱 Why should mortgage holders brace for short-term pain?
🔑 What are the RBA doing to tackle inflation?
😲 Why should the RBA review examine their own recent run of mistakes?
🗳️ Why does the Albanese government believe RBA have made mistakes?
🤷 How high could interest rates go in 2022?
🛑 Why should we never listen to the mainstream media?
✋ Why you should BEWARE in 2022?
🏚️ Where will property prices be in 12 months' time?
👌 Is NOW a good time to buy a home?
😟 Should current homeowners be worried?
💹 How does the Reserve Bank Of Australia's cash rate affect property prices?
🏘️ Will property prices increase in 2022?
🔓 What's better? A fixed or variable home loan.
📈 Will the Reserve Bank of Australia lift the cash rate again in August?
💰 Why Your Mortgage Could Be Costing You!
✋ Should I fix my home loan in 2022?
👍 Is now a good time to look at variable rates?
🗣️ Why you need to speak to a mortgage broker?
✋ How cautious should you be in 2022 with your mortgage?
✅ When should you use a mortgage broker
📋 What your mortgage broker can do for you?
🫰Should you refinance in 2022?
🔥 What can first home buyers do to get ahead of the market?
👌 Is NOW a good time to buy a home?
😟 Should current homeowners be worried?
🏘️ What next for the Australian property market?
↕️ What does a 7% inflation rate mean?
🚀 What should property investors do in 2022?

Here's what we learned in this video:

00:00 RBA slaps down the property doomsayers!
00:15 Albanese government 'believes' RBA has 'made mistakes.'
01:20 Reserve Bank of Australia failing due to surprising problem
02:45 Where will the RBA Cash Rate be by 2023?
03:30 40% rise in repayments? Mortgage example.
04:30 Why you shouldn't listen to the doomsayers!
06:00 Inflation, Income and the Future of Money
07:25 What you need to know about the Australian property market?
08:20 The 'Golden Goose' of Australian property!
10:00 A $650 Repayment monthly increase?
11:00 Mortgage holders should brace for short-term pain.

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DISCLAIMER:

[ryanbeckerman]

Take this with a grain of salt. Remember, mortgage brokers want you to take out loans as that is what makes them money. They will be helpful but never completely honest.

[ant]

Bookmark this statement, I get the feeling it won't age well.

[lizzie]

The FED has lost it and the sad fact is it's pretty obvious we are headed for hyperinflation.i think stores better have tight security because when people can't afford to feed their families, things might get ugly

[Jay-fpiy]

The RBA are idiots though. On average isn't every Australian. Data shows that 1/3 of mortgage holders have less than a months savings and don't have a stacked offset account.

[aysinduarte]

The RBA needs to just be silent.
Every time they talk there is another lie/manipulation/ bullshit basically.

I love how these people high up on the income chain talk about how “we” are all okay when it comes to paying off our mortgages. It makes me laugh.

[DBBBB]

What an incredibly stupid and out of touch statement from the RBA.