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Sector

35,472 Posts.

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13/10/19

17:35

Post #: 40858585
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Originally posted by Tumby: ↑

I remember taking out loans for $80,000 for a $120,000 property, nearly got wiped out interest rates went from 8% to 18%. Bought a house for $32,000 sold for $96,000 year after, Idiots abound, imagine loans for half a mil and interest rates hit 5% and that number is well below the long term average, Australian RBA will have to move rates back up if certain overseas events dictate the directional change.

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and how much capital gain did you experience during that high interest rate period? As I remember back then and if you held on cap gains were huge

Last edited by Sector: 13/10/19
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