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Interest rates are high compared to recent years, but yes they...

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eztrang

4,137 Posts.

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01/05/23

18:27

Post #: 67550301
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Originally posted by willyhill: ↑

huh? I don't usually post here.
But....
Property market crash - high interest rates mean property prices will have to fall.
interest rates are back to historical normal levels
Property market crash - high interest rates mean property prices will have to fall
I see no property crash, nil supply big demand (over 700,000 migrants in the next two years). People who over borrowed in the last two years will struggle -house will be snapped up (did i mention 700000 ppl?) and they will rent.
Recession - higher prices, higher interest rates and falling property market = falling GDP = recession.
sure higher prices aka inflation will be sticky, but solid wage growth as not enough workers and stage 3 tax cuts next year.

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Interest rates are high compared to recent years, but yes they are back to long-term normal levels.
I expect property prices also to fall back to long-term normal levels (and may overshoot on the downside).

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