Graph 11  Repayment Increases for Fixed-rate Loans Changes in required repayments under rising interest rate scenario* %  Percentage change  Dollar change  By expiry month  75th percentile  40  30  $ 1,000  Median  750  20  500  10  250  25th percentile  0  <0  0 to 20 to 40 to 60+ M J S D M J S D M J S D M <20 <40 <60 2022 2023 2024  0  *  Assumes future variable rates increase by 300 basis points to mid-2023; timing of rate increases broadly informed by market expectations; excludes loans that will expire beyond 2024.
The gold rush of the mid-nineteenth century helped to propel the city of Melbourne in particular to globally significant size and affluence (though there were later excesses that led to a serious depression). The things the Dutch and others couldn’t see under the ground when they surveyed the inhospitable northwest four centuries ago are the source of massive wealth today.