Relevant only to Australians

This site was published in 2020 as a consequence of home owner complaining about the rise in interest rates as we recovered from the economic crises caused by Covid 19.

It provided an opportunity all homeowners that had just entered the market in the last few years to get a historic perspective on purchasing a house and interest rates.

It provides an opportunity to go back to 1970 insert the reprices of the house that they purchased back in that year and follows the process of paying off that home over a reasonable period say 30 years

Of course I am an old folky and I do get and the lead at the ignorance of young people when they venture into public comment and particularly when begging for sympathy

Generations have gone before and some generations had to endure interest rates as high as 21% without loudly broadcasting the while we as me story

Because The amount of work required to do the calculations to allow you to see the rollout of that story requires a lot of computations and something for which a lot of database work is required I chose to lead Excel as the responsible software

Thanks to the generosity of websites that allow all the publication and use of Excel spreadsheets on the web I was able to make the facility available through an online Excel form

However because the response was so poor I chose not to keep funding that format on that site

I do make available however the actual Excel spreadsheet that you can download and use to be educated about the historic reality of buying a house and hopefullyyou will come to the realisation that is not really interest ratesthat you need to be wary of it's about the original capital price you pay for the purchase and what component that price represents of your annual income before tax

In 1968 my home cost me 4.1 times my gross annual income I understand some people today are purchasing houses that is moving towards 11 times the gross annual income.

I encourage new home buyers you to not focus on interest rates I want you to focus on making an informed decision about how much debt you should take on in acquiring your first abode. You may find this also informative.

1. To download the data file Click Here

2. Fill out the form in the form sheet by selecting you variables

3. See the RESULTS

*Suggest several Historic scenarios to be more informed and better prepared

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