May I but in here please. There is all this frantic scaremongering talk about property dramatically falling in value due to an interest rise. Some of course may welcome this. But can we put it into perspective. Rates have not risen, from memory since 2010.
I can only share my knowledge of the Perth market. There is a dire shortage of properties for sale and rent. Try to build a new property and you may soon meet many obstacles. Builders are going into administration for many reasons. This imo will soon get far worse due to the shortage of building materials. WA is the place where so much employment is happening due to mining etc.
This is without taking into a/c many people wishing to relocate here from other states for employment opportunities. Then when migration kicks back in, I can see property prices escalating. Carry on chatting though
