Rate hopes fade, page-3

Mass immigration, rising power bills and the cost of living will not allow rate drops. Labor has also handed out billions in pay raises which (while nice to receive) won't help lower prices. Mortgagees are on the hook for a long time. The govt keeps borrowing and spending which also drives up inflation. The banks basically sucked everyone in on super-low rates only to see those rates rise. These homes will end up costing well above what people think they paid for them if you allow for rates. If the economy stalls down the track, then they may see some relief.