the reason why our property market isnt going any higher even with these rate cuts is because the property market is already so expensive, the Australian property market is even more expensive than London and New York.
The best time to have bought Australian property was in the late 80's and 90's interest rates were above 15% then. I would much rather cheaper property prices and much much higher interest rates like in the 80's and 90's.
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imagine the carnage when rates go up, page-70
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