800,000 Australian mortgages due to come off fixed rate and on to variable, this year alone, in other words 10 interest rate rises in one hit !
How will this affect the already over priced Australian real estate market ?
Reserve Bank wants an interest rate under 3%, but with increased immigration and demand on infrastructure goods and resources, the demand will see inflation remain high for a long period, so interest rates will stay high
for the foreseeable future it appears ?
800,000 Australian mortgages
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