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UniversalTrader

7,679 Posts.

3

07/04/18

19:13

Post #: 32293891
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Originally posted by Barg ↑

Hi UT
No, I don't expect rates to reach 10% (although anything is possible). I was just using the 10% mortgage rate as an example, given my discussion with Sierra about the late 70s crash. Nevertheless, I agree with your premise.
In my opinion, under the current overleveraged position of Australian household mortgages, it would only take a rise of <2% to cause another property crash. That said, there can be other catalysts (political-domestic or international, environmental etc) that can have the capacity to cause a property crash. Risk is always out there.

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IMHO it isn't that bad - but people need to learn to cut back their lifestyles. Certainly there will be areas that will crash but the property market is large and most areas will be fine.
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