How latest interest rates rise will affect house prices, rental market. Ray Ellis speaks to news.com.au
There’s been lots of talk about how hard house prices will be hit by repeated interest rate rises, but as the Reserve Bank of Australia (RBA) prepares to hike the cash rate again, a new crisis is emerging.
First National Real Estate CEO Ray Ellis and Greville Pabst, Executive Chairman of property valuation firm WBP Group told news.com.au to expect rents to continue to surge as rates rise.