Property Investment, Success & Money | The Michael Yardney Podcast cover image

13 things to know about the Australian economy right now, with Ken Raiss

Property Investment, Success & Money | The Michael Yardney Podcast

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The Reserve Bank Is Tightening Our Economy

There's going to be a false interest rate rise for a very large part of the population, as you say. But I think when you look back, despite all the property pessimists and the people talking about real estate Armageddon, the property values have dropped 7%, 8% overall in Australia. Some segments of the market have done worse, including the higher more expensive properties in Sydney and Melbourne. Others have done much better than that. And next year, we'll have challenges - but if you take a long-term perspective, this is just what happens in the cycle.

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