INHO from a lifetime in the property industry it has always been my contention that mortgage rates in Australia as a developing country should be between 6% to 8%
This is the figure that people should have in their budget figures, investors can take advantage of lower figures as they can sell within a short space of time if the rate becomes uneconomic
Money is a commodity like wheat, silver etc and should never be worthless, otherwise it is of no use
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