I was just watching this video from ABC where they used the term "Higher than usual interest rates" of where we are now. This is very misleading we now have normal interest rates. The 30 year average is 4.14% and we are sitting at 4.35% now.
If anything they should probably be higher to balance out the decade of cheap cash flooding the system.
We need to stop blaming interest rates and start blaming the terrible government policies of both parties that fuelled housing speculation. I don't have anything against investing in property but you shouldn't be expecting public funds for losing money on a deal. It's dole bludging for the rich.
https://www.youtube.com/watch?v=KKtSYbHS5Cw&ab_channel=ABCNe…
Hey mate, 4.35 is higher than 4.14.