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Perth retains its appeal for property investors in 2023

Property Investment Podcast Network

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The Pressure on Rising Rates Will Stalled the Mortgage Market

A lot of people now who would like to move but are locked into those fixed rates of 3% for 30 years. They know if they move, they've got to pay now 6% or 7%, 6.5%. So it's stalling the market a little bit. People just don't move. The volumes are stalled and I think that's going to stall the market for some period of time. If you could play the mortgage game quickly, everyone should be on the lowest rate possible at an important time. It's very much more state-oriented over in the US in terms of taxes and everything else interconnected with it. And you've got the same problem here. You've probably

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