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…
Yup. Its scary that people are crying about todays interest rate.. LOL absolute nut case. Imagine when we truly have high interest rates, people will be jumping off buildings. Even 2004-2007 we had higher rates than today.