Hey there, i am looking at buying a 2million dollar property in the the dural hills district area. my question is how high dose everyone thing the interest rates will go before dropping and if they end up really high will the property drop in value as there are no buyers?
The question as to where the RBA will halt increasing the cash rate is like asking how long is a piece fo string as dependant on so many facets of economic data.
Of course one way of not worrying about about future rate increases is to fix the rate of interest.
With regards to the supply and demand of the higher priced properties when interest rates are lower more people can afford a higher entry into the market but when prices increase affordability drops.
Richard Taylor | Australia's leading private lender
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