PropTrack’s Cameron Kusher details when we may see interest rates finally start to be lowered.
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It’s dominated the news cycle for the past 18 months, but why have the RBA raised interest rates so high in Australia, and what is their ultimate goal?
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The RBA raised interest rates by another 50 bps in July, and the market expectation is that it’ll rise by another 1.5% by the end of the year. Homeowners in affordable, family-friendly suburbs may be most affected by the Reserve Bank of Australia’s recent interest rate rises, new data suggests, and PropTrack economist Angus Moore explains how this will affect mortgage holders.
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