Steve argues that our property bubble could continue if the RBA lowers interest rates. In Canada the average property price is $503,000 according to the CREA, with mortgage rates averaging around 2.75%.
In Australia the average property price is well over $600,000 with mortgage rates averaging around 4.25%..
Could Aussie property double again in price if interest rates are halved and bought in line with Canadian rates?
I’m sure the Bulls will say yes but I’d hate to be around when it bursts.
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