Lol, you silly old fart:
It’s now highly likely that Australian mortgage rates are going to rise before the 2017 calendar year is out. While rate rises will not happen overnight, this week’s dramatic events on Wall Street all but lock in higher interest rates around the world, including Australia.
…This week, I happened to be yarning with Harry Triguboff, Australia’s biggest apartment owner and developer. Harry believes that, while there might be an initial dwelling price fall on higher interest rates, over time, higher interest rates will actually cause a further rise in dwelling prices.
