Nine less negative thoughts around rising interest rates
I’ve spent most of my working hours over the past week unpicking the somber news of what a second and sharper interest rate rise will mean for the property market.
The RBA left no room for ambiguity – interest rate rises ain’t over yet and there are certainly more to come.
We have come out of a property cycle that has seen extraordinary growth. Last quarter, Australia’s national medium house price was over one million dollars, up 18.4% on year. However, now the party’s clearly over.
But the fact we knew a further rise was coming (albeit higher than anticipated) doesn’t make it a less bitter pill to swallow.
So life feels like a lot at the moment. I’m not trying to be Pollyanna, but I am endeavouring to find some bright spots in what feels like a dark cloud. Indulge me, I need it. Here are nine less negative thoughts around rising interest rates.....
Read the full opinion article by ALICE STOLZ here
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