Without trying to sound sensationalist or offensive to anyone, my personal opinion is if mortgage interest rates rise 1-2%, anyone who has purchased in Sydney or Melbourne over the past 2 years is at heighten risk of seeing the value/price of their asset fall below their purchased price. Now obviously there will be those who bought well in good locations that will be less affected, but for the majority the risk is elevated.
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- Some good advice for 1st HBuyers
Some good advice for 1st HBuyers, page-21
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