26-11-2007, 08:06am
abusa Wrote:Better lock in your Mortgage Rate as if the wages go up so will it to offset them.
I find it interesting Australians voted out a Government that has put the country back in the Black financially on the premise its time for a change!
10-15 years ago it was a rarity someone bought a new car or bike, now everyone seems to be buying them, young and old.
Lets see if he can deliver on his promises, I expect there will be a few he cant!
Hey mate I don't think people are buying new cars and bikes because the country is doing well - I think it may have a little something to do with bank and lenders throwing finance at them left right and centre.
If I was to guess how many people are buying these new vehicles outright (i.e. with their own money) I would say maybe 15% tops ?
The rest are taking out loans to pay for them.