Feb 24, 2022
Our national obsession has taken a break from sport and focused on the one thing many home buyers worry about but have little control over – interest rates. Media is not content to let us enjoy the benefits of historically low interest rates or listen to the Reserve Bank Governor when he says rates are not going to increase any time soon.
Instead, day after day, week after week, month after month, we have to endure this endless speculation that interest rates are going to rise and, as a result, property prices will crash.
The speculation is driving everyone crazy, and I can understand why.
The endless commentary about when interest rates are going to rise and what it will do to the market are just that, it’s commentary.
It’s pure speculation, not news of substance.