RBA HIKES Cash Rate To HIGHEST LEVEL Since 2011! #shorts #inflation #economy #australia

By Scott Kuru

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Higher interest rates hurt. But if you’re in a position to buy property, they can also create something we haven’t seen much of in recent years. LEVERAGE. Higher borrowing costs have pushed buyers out of the market, properties are taking longer to sell and sellers across parts of Australia are accepting increasingly large discounts. That doesn’t mean you rush out and buy anything with a reduced price. It means conditions have changed. Less competition gives serious buyers more room to negotiate, while Australia is still dealing with extremely tight rental supply and record-high rents. And this is where I think investors need to separate SHORT-TERM fear from LONG-TERM fundamentals. Interest rates move. Property cycles move. But buying a quality asset in a strong location at the RIGHT price can affect your wealth for decades. Nobody rings a bell when the market hits the bottom. Usually, you only recognise it once confidence has returned and the opportunity has already started

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