Posted in: Other in Australia | Posted: |
Australians who have bought a house recently have a mortgage that needs to be repaid with interest. We all know very well there has been an increase in interest rates recently in May 2022 and worry that the Reserve Bank may soon increase interest rates further to reduce inflation. Once inflation takes root, it is difficult to control. Economists fear that rising interest rates will make housing more expensive and lower buyer demand which in turn will lead to lower prices.
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