‘Not good news’: Interest rates predicted to reach as high as five per cent in 2024 

Albo doing a fantastic job for the wef

The rates were always going to rise, simply because they were artificially low for too long

Well Keating had them at 17% so enjoy what you voted for

Had a gut full of the WEF AGENDA? vote ONE NATION 🇦🇺 PROBLEM SOLVED 👍

Australia is the most regulated country on the planet, it's unbearable place to live now...

Albanese has done everything possible to increase inflation since they came to power.

Remember “transitory” inflation?

Interest rates dropped far too low and house prices exploded. Ideally rates should stay between 4 and 5.5 percent. The reserve bank stuffed up ( no rate rise till 2024) now borrowers are facing reality.

Rents are already up 40%. Cant wait for them to put them.up another 10% because of this (and mega immigration). Looking forward to seeing the entire working population homeless...

Well the only way we will own nothing and be happy (NOT) is for personal wealth to be destroyed amongst the middle class. Interest rates, combined with Labor's utter incompetence at managing the economy, is the way this will eventuate.

So the " expert" comes on to plant the seed, then next RBA meeting up go the rates. How predictable.🙄

I guarantee you if interest rates go up another 3 times by the end of the year, it will be passed onto renters.

Big boost to house hold incomes? Bull Shit mate. Power companies, Telstra and insurance companies have already taken more than the tax cut before we can put food on the table OR fuel in the car.

6 percent soon .. just my opinion

The High Interest rate is just another tax collected by the Banks ...

Last year they took away the offsets increasing my tax by $20 a week, and now they "give" me $15 a week. Don't do me any favours albo.

I want to see RBA rates rise. And hopefully rid Australia of housing speculation, and return housing to its intended function: shelter for people. A place to call home. Not a weapon used by government, buyers agents, mortgage brokers, and real estate agents to enslave the Aussie population.

Recession is already here

Fiat monetary systems will always have 'sticky inflation'.

So.....what is the.main cause of Australia's demand-driven inflation and what is Canberra doing to fix the problem?

5% is a minimum. Come on. RBA, just do your job

They go up again and Albo can start packing his bags.

Rate hikes will force defaults so houses will be cheaper for the migration wave incoming. Us in tents and migrants in our houses. I can see this happening a mile away. My kids will lose their homes. This is disgusting

You will own nothing, you will not travel and you will learn to love the bbq bugs

Here it comes 💥

5 more rate hikes let's go 🚀

Every aussies are suffering and yet our govt sent 100mill of our tax money to zelansky

2% interest rates were always crazy and never sustainable. I can’t believe anyone ever thought otherwise.

23 bill in 23+ out instantly

Yes, Australians need pay raise but not mortgage rate raises. As soon tax go down Banks increase interest rate. Just another robbery 🥴😡😡

Be careful what you wish for… you might want higher cash rate, but whether you are a buyer or a renter, you will be homeless, and homelessness will be driven up. Remember: less investors = less rental properties Be VERY careful what you wish for.

16% up on house insurance. Do house insurers know the real rate of inflation better than the government who says it’s at 4%?

The CPI per capita is already in recession, there is really no need for further rate hikes.

Spot on! Cash rates will still need to rise for some time yet. All this talk of cash rate cuts was a "red herring" to avoid a massive sell off of properties by already overleverage greedy Aussies wanting to make quick gains by doing nothing productive that contributes to the economy. The "red herring" was to avoid a dramatic property crash to create more of a "soft landing", using the terminology normally used by the RBA in such a serious economic situation.

In the last twelve months the government has allowed over 500,000 visas. That is a city larger than the population of the A.C.T / Canberra! Can someone please tell me how long it took Canberra to be built and grow to a population of over half a million? That alone would drive house prices up! The economies in the USA , China and over a dozen countries countries are in recession ( using the formula we used for 39+ years) ( plus they haven't built a dam for drinking water, or a power stations to put electricity into homes for over 30 years. How many hospitals are in Canberra? Did Australia add 5 major hospitals last year. With plans to build 5 more per year ? Australia's birth rate is 300 per 1000 x 27 gives us a natural population growth of over 8,000,000 plus 0.5 million planned visa's for the next few years. Do we have the spots in our University’s to teach the Doctors and Nurses? Do we have TAFE places for Electricians, chippies and plumbers? The USA has over $37 TRILLION in debt, and its debt is increasing at over $1 TRILLION every 3 months. Interest on current debt is $1 TRILLION per year. Govt revenue is approximately $4.5 TRILLION. Current GOVERNMENT spending is close $7 TRILLION. The USA has maxed out its credit card and can no longer pay the minimum payment. China's is lying about it economy and GDP. Unemployment in the 20 to 40 is over 35%. China has exported 100's of thousands of unsold EV's into Europe. The EU only allows SOLD EV's to be shipped into the EU. If the average person believes Channel 7,9, 10 ABC or Sky economists " tell them tgey are dreaming" Albo doesn't have any control on what is about to happen! Like others I feel Australia's base Interest rate will be at 5%+ by Christmas, 10% in early 2025 and over 15% mid 2025. Now that said, with so many global economies failing all over the world they may create a black swan. WW3? along with CBDC's 😢 for governments to control where you spend your $ ?

Inflation is manufactured! It’s not a symptom!……banks just being greedy! Oh record profits you say?….RAISE INTEREST RATES!!! the more you go along with that narrative the more you empower the rich

He says Australia will avoid recession. We already in recession.

5% is actually healthy. !0% - 30% is troubled waters. An economy can't survive at 0% or -0% Unfortunately, a lot of people were conned into getting loans they couldn't afford with rises. Maybe the banks could be held accountable for this.

Smiles Miles the Queensland premier is helping. Giving his union mates 50 percent increase in pay. And having twice as many days away from work.

Maybe gov like vic should slow spending, gov created inflation with over spending.

the world is falling apart and he thinks the economy will correct its self

All the immigrants pouring in will certainly add to inflation. Higher interest rates are just another price we have to pay for the privilege of having our country stuffed.

Rising evvvreeething!

I recommend ceasing the tax rate reform that will take place on 1st of July. The rax rate decreases will definitely increase inflation hence interest rate rises.

I was paying 16.5% mortgage interest in 1989 under the Hawke government. I was broke.

never heard of ***JUDO BANK *** 😊

This wont help mortgage holders or renters.

Pump up those interest rates!! Not everyone wants them low.

i cant see them raising, people cant get loans to build houses because rates are so high which makes rents go up its a catch 22.

I remember paying around 16% during another Labor government. People are grizzling now?

"Not good news"!? It's bloody wonderful news!

Australians are addicted to debt like a drug. Now the drugs have got more expensive.

Yes it’s good interest rates should be 10% to control over priced property and groceries

Home/building insurance has risen from $1200/year to $1,600/year.

Rates are still cheap. Never should have gone below 3%.

These predictions change by the hour. Give it a couple….

Higher please, I need to grow my house deposit.

Interest rates are inflation not controlling inflation

Refined Olive oil from $10/ liter to $ 17/liter in 6 months time.

5% is nothing when new migrants reach 550,000. Can be higher than 5% at the end of 2024

any increase gets passed on to the tenant

Excellent always good to hear those in charge couldn’t work out a piss up in brewery fucking useless, vote no confidence and get em out

Frozen green beans has risen in price from $2 to $3 in 6 weeks period; , then from $3 to $4.50 in the last 2 weeks period..

Glad I got Silver and Gold. Goddluck everyone else believing in fiat currency.

Well said, Warren! It'd be better to let off steam now to prevent further stagflation.

For those of us old enough to be there this is nothing compared to the 20% plus we had back in the late 80's early 90's.

Your joking mine is already 7%NAB. So what you talking about

Classified minutes from the rba meeting. "OK let's increase unemployment, which will lower production supply, that will bring prices of fresh produce down".

Stop sending money overseas, so bring in immigrants. That’ll be a start

Good hope it goes to 20 % like it did not that long ago. And I hope the tax goes up even more. Also bring in the next Adam brandt government , come on Aussie vote properly ,Albos not hard enough. He needs to let much much more immigrants intot the country and represent the voters allot more. I think an open border with Indonesia will should be the go! Bring it on i say may as well.

5% or more would be great.. bring it on

Sky News. Its almost May 2024. Interest rates could go up in 2024 ?. They could go down also in 2024. But if they do go down. Will you blame the government?

Hell no albos gotta go!!!!!

Try 15% the time has come to take everything you have.

YIPPY MORE INTEREST FOR CASH

The joys of central banking.

Double digit interest will come to tame inflation.

Rate hikes from here WILL crash the economy and send us into a f’ing massive recession. Economy is really slow here in Brisbane no one has money ,

2 more interest rate rises to flatten the curve...

Hahaha, no surprise about interest rates needing to rise. The RBA have been living in pixie land. Basic Economics says we are heading for a recession and need rates to rise.

No longer a lucky country.

Economists always can talk something up or down, depending on who is paying them. Then when they are wrong, as they usually are, it is like climate change predictions, no accountability at all.

Great news if you've got savings .... otherwise forgwet what Chalmers is telling you ... he doesn't have a clue .... a fake treasurer waaaaay out of his depth.

at least one more rate hike needed.

It’s not only the interates it’s the extra tax labour has out on fuel etc,the worst government ever

“Not good news”!!!😊

Prices fell in April.

5 !? Shock horror zzzzzz

We own a shitty cheap house in a less desirable area near an airport that needs a lot of work. No mortgage. My kids go to private school. Many friends have high mortgages to live in desirable areas with good "free" schools and are being hammered. Raise the interest rates to 15% for me please. I'll happily take the savings boost.

Need a soft landing of housing boom. Need a control on people working crazy FTE of 1.5 or 2 a fortnight. All these things make a good proportion of people to spend more.

Meat bones $8 per kilo.

Ain’t going to happen. Stop creating panic amongst people.

100bps hikes inbound

Why would you want a soft economy?

Good if you are saving though. I hope it gets to 17% then I can tell all the ALP voters it is the recession they had to have.

Waiting for the bubble to burst

Got anything cool?

The very next thread... Predicted... 😆😆😆.... always a great belly laugh at sky Australia.

The ignorance of this audience is nothing short of staggering… fascists alive and well

Rba rates should be at 5% to 5.5% and stay above 5% for at least 5 years