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Can we just simply build more houses / units to slow down the house price madness !!!, page-109

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dolcevita

31,485 Posts.

2088

10/06/21

15:52

Post #: 53772708
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Originally posted by StockSoldier: ↑

This is the view I used to hold, however clearly its not unsustainable right now if interest rates remain low / go negative if prices are continuing to rise? The cost to service a mortgage is at an all time low - a $500k loan only costs $10-15k interest per annum. What chance is there that interest rates will actually rise in the near future? From all the RBA have been saying its clear they want to keep them on hold for 3-4 years at least. Wont the govt do everything in its power to keep the train going???

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they likely cannot do what they promised.

Already ANZ is forecasting the RBA will be forced to lift rates in 2023. see Business Insider
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