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 ?
- Forums
- Property
- 800,000 Australian mortgages
800,000 Australian mortgages
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)