Mike
👤 SpeakerAppearances Over Time
Podcast Appearances
We are back causing strife and today we're talking about how to position yourself for the next round of rate increases.
It's not if, it's when and I think they're coming pretty soon.
So Jessica, long gone are the days of how low will the rates go.
From here on out, I reckon we're on the way back up.
And the Reserve Bank has kind of indicated that to us anyway, right?
And the market has priced in two rate cuts at least by the end of the year.
So reasonably speaking, we think interest rates are going to go up.
Now, we had a little chat off camera before we started this.
And I said to you, hey, when do your rates roll off?
Not August and September, eh?
And you said what?
And I said, well, you should probably listen to this one.
What year?
I can't remember when I bought mine.
That is peak.
Yeah, yeah.
Right, so you bought at the top of the interest rate cycle.
Yes.
So that's when you must have taken your mortgages out.
And ever since then, they've been going down.