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It’s Not All About Interest Rates
Hotspotting
English - June 19, 2023 06:49 - 2 minutes - 3.87 MBInvesting Business Society & Culture Places & Travel hotspotting propertyinvesting propertyinvestment firsthomebuyer smsfpropertyinvestment Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Where Is It A Good Time To Buy?
You have to wonder what needs to happen before economists and other usual suspects let go of their cherished theories about residential real estate prices.
After the June rate rise by the Reserve Bank, the usual suspects are forecasting that this will cause prices to fall.
The big bank economists and others have been telling us for the past 12 months that rising interest rates mean prices must fall – indeed, fall a lot.