Rate was high back in 2000s & kept on rising, yet property prices kept on accelerating (doubled in Perth & best in history). That's when many greedy property investors became rich overnight. Bring on the interest rate hike, can't wait to see Aussie economy recovering again & more job creations, resulting in more appetite in property investment again. The sooner the better.
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when rates rise again property will slump, page-29
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