618 what not to do in a rising interest rate environment + more
money money money
00:00
The False Economy
Interest rates are, well, you can get a fixed rate now with CBA. I checked the other day for under 6%. So that tells us, Glenn, that generally interest rates aren't going to go above that when they're covering 70% of Australia's banking. And also the borrowing capacities have reduced. So what we can lend now is a lot less than what it was two years ago. And the other part of it is building costs, building supplies. They've already increased 28 to 30% on average and they've leveled out quite a bit. If you are on a campaign to buy a property or you are on an election campaign...you probably are looking at worst case scenario
Transcript
Play full episode
