Interest rates rising, what now?

Many people may not remember the 1990’s when interest rate in Australia reached a peak of 17 per cent. Today, most home owners and property investors could be paying 4 -5 per cent at the most for their mortgage repayment. Even with the recent Reserve Bank of Australia (RBA) rate hike and even if all expectations of further rate increases materialise this year, interest rates will not return to their lofty levels 30 years ago.

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