Publication: Finance Matters Newsletter
Author: Anthony Simon
Date: May 2010
Many people "believe" that as interest rates increase, property prices flatten, or even fall. This "belief" is at times justified due to the sentiment that property should drop when interest rates increase, coupled with a very short term drop in auction clearance rates. But when we look at the fundamental reason why interest rates are increased by the Reserve Bank of Australia (RBA) and overlay this with business confidence and past property price performance, we come to a very different conclusion.
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