It’s Not All About Interest Rates

Jun 19, 2023

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.