메뉴 건너뛰기

XEDITION

Board

49126085261_00a2857afc.jpg

A 'boomer' homeowner has called on young Australians with mortgages to toughen up following the first interest rate rise in more than a decade.

The Reserve Bank of Australia on Tuesday announced a 0.25 percentage point increase in the official cash rate, which saw it climb to 0.35 per cent from a record low of 0.1 per cent.

The first increase since November 2010 will see variable mortgage rates from the big banks rise to 2.54 per cent from 2.29 per cent in coming weeks.

But Perth retiree Ron de Gruchy, 85, believes younger Australians should stop whinging about the rate hike, telling The West Australian that he 'adjusted' to 17 per cent RBA interest rates in 1990.

Perth retiree Ron de Gruchy (pictured) has called on young Australians in the housing market to toughen up following a rise in interest rates from the four major banks

'The high interest rates were a real squeeze on finances but you just adjusted,' he said. 

Mr de Gruchy says he lived a 'frugal' life while paying back his mortgage. 

That frugality included no nights out, overseas travel or trips to the casino. 

'Back then, people didn't complain - they just adjusted,' he said. 

'Higher interest rates are not the end of the world but I think youngsters have got it pretty good.'

While the demographic term baby boomer refers to those born from 1946 to 1965, the term 'boomer' has recently been turned into a disparaging term for older people lecturing the younger generations about being frugal.

During the past three decades, mortgage debt-to-income ratios have more than doubled, with property prices surging at a much faster pace than wages.

In 1990, Sydney's median house price stood at $194,000, 온라인카지노추천 Macquarie University figures showed.

With a 20 per cent deposit, an average, full-time worker on a $28,168 salary had a debt-to-income ratio of 5.5.

Perth's median house price was $101,125 which meant a full-time worker then with a mortgage deposit had a very small debt-to-income ratio of 2.9.

scriptript> scriptript>

Research from home loans marketplace Joust and Digital Finance Analytics (DFA) has revealed almost half of all homeowners with mortgages were already experiencing financial strain before the hike.

번호 제목 글쓴이 날짜 조회 수
62341 Advanced Poker Tactics BernieJcl516793 2022.06.13 1
62340 ПРЕДМЕТНАЯ ФОТО И ВИДЕОСЪЕМКА NolaSandoval02216 2022.06.13 1
62339 'Stranger Things 4' Uncanny Valley: Who Plays Young Eleven? SungToussaint8248267 2022.06.13 1
62338 Reasons To Hire A Professional Cleaning Service ShanonMehler582261 2022.06.13 1
62337 Erectile Dysfunction Supplement - Why Is It Better Compared To Drugs? ElaineHorvath3764838 2022.06.13 1
62336 Sowing Worry More Than Oil And Gas Provide As Russia Invades Ukraine Is Crass Opportunism RobynNickerson35737 2022.06.13 1
62335 Hidden Answers To Pretty Anma Revealed Otto5150541669707 2022.06.13 1
62334 What Is The Reason A Massage Is Beneficial? GrettaCoaldrake8 2022.06.13 1
62333 You Will Thank Us - Seven Tips About Play Backgammon Online You Need To Know FredPannell291513 2022.06.13 1
62332 Bénéfices D'un Laser Rechargeable Rappel LorenaPhilip61526875 2022.06.13 1
62331 5linx Isnt Definitely A Business Enterprise Chance TheronPastor369270 2022.06.13 1
62330 Access To Play PGSlot With Great Promotions For The Best Interest Of All Our Customers We Have Selected Great Promotions JonShapcott5437426 2022.06.13 1
62329 Online Slots 222Loggame Includes The Most Popular Online Games. AlyssaMaloney6580 2022.06.13 1
62328 912 Fotballdrakter Salg ElmerT RamonDunlea42459574 2022.06.13 1
62327 No-fuss Fish: Fish Stew With Chorizo, Bay And Tomatoes  CelestaMartinson707 2022.06.13 1
62326 How To Develop Into Far Better With On Line Booking Engine In 10 Minutes Swen79420498939 2022.06.13 1
62325 Wayne Rooney's Former Escort Jenny Thompson Shows Off Her Legs CindyNegrete98247247 2022.06.13 1
62324 Website Usability Tips www.m106.comple 2022.06.13 1
62323 PG Slot, PG Slot, Direct Website, Not Through Agents, Get Free Credit PG Slot1234 Slots NicolasHubert605269 2022.06.13 1
62322 Pt. Kencana Steelindo Buddy2807730531859584 2022.06.13 1
위로