There’s increasing speculation that the Reserve Bank of Australia could lift interest rates, even as early as next year, much sooner than planned.
Support measures introduced by the RBA during the pandemic to keep the official cash rate on hold could be wound back as inflation increases.
The change of hear has come as mixed news for the housing market.
Speaking to the Mix 106.3 Real Estate show, Metropole Property Strategists CEO Michael Yardney said a quick increase of rates could see some Canberrans end up in mortgage stress.
However, he’s confident the banks have safeguards to protect homeowners, even if it means you’ll be stuck eating noodles for a while.
Listen to the chat below:
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