#59 Australia's Interest Rate Tsunami

Feeling the pinch of the Reserve Bank of Australia's recent interest rate hike to a whopping 4.35%? Wondering how this surge will hit your wallet in terms of everyday spending, inflation, and fixed costs like rent? Join us as we delve into the nitty-gritty of this significant shift, examining the stark contrast in loan sizes and repayment amounts from a year ago compared to now. We will discuss the impact on households and contemplate whether this new norm is truly affordable, especially when so much of the income is siphoned off toward repaying a mortgage. Ever wonder how podcast ratings and reviews can help you attract better guests and extend your reach? Let's unravel the secret together. In this episode, we also share insights on the art of podcasting, emphasizing the importance of ratings and reviews in attracting quality guests and broadening our broadcast radius. For those looking to bolster their podcasting knowledge or lend their support to our show, we'll also discuss ways you can chip in and help us grow. Plus, we'll reveal strategies to help spread the word about this episode to those who need it most, and share how to connect with us on Instagram. Your input can make a world of difference, so don't miss out on this opportunity to join us in this exciting journey!For any inquiries or to connect with Oscar, Zeke, or their company, Asset Road, listeners can visit the following links:Finance Bible Podcast InstagramAsset Road InstagramAsset Road WebsiteThe advice shared on The Finance Bible is general in nature and does not consider your individual circumstances. The Finance Bible exists purely for educational / entertainment purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needsDid you like this episode?Support the show🎧 Enjoyed this episode? Follow us on Instagram @zekeguenthrothofficial @oscardonproperty and @assetroad for daily insights, property breakdowns, and behind-the-scenes updates. Explore more at www.assetroad.com.auTop 10 Finance Podcasts in Australia on Feedspots ranking- https://podcast.feedspot.com/australian_personal_finance_podcasts/Disclaimer: The information provided in this podcast is general in nature and does not constitute personal financial advice. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on any information, you should consider the appropriateness of the advice, having regard to your own objectives, financial situation and needs. Asset Road Pty Ltd recommends you seek independent financial, legal, taxation or other advice as required. All investments carry risk. Past performance is not indicative of future results.