We have big interest rate increases back in the 2000s, from 4 something % to 7 something % peak. But there was not any sign of property collapse, even with 2008 GFC. Syd was around $300k in 2000, now
$1mill + (going through rate hikes & GFC).
Rate hike indicates the strengthening of the economy & gradual inflationary pressure that requires tightening policy. Economy 101.
Let's bring back strong inflation
.
Avoid thinking like a poor dad & miss the growth
.
