History shows housing ailments won't be cured by lower interest rates
Housing shortfalls and an affordability crisis in the capital cities are unlikely to be eradicated by a magic wand that might eventually come in the form of lower interest rates.
There's no quick fix cure for the housing crisis but those hoping lower interest rates may provide some pain relief are probably mistaken. (Image source: Shutterstock.com)
Those expecting interest rate reductions in 2024 may have felt a little let down by the comments of the Reserve Bank after their May meeting. Rates are now on hold
, and without further substantial declines in inflation, are unlikely to fall until perhaps 2025.The concern around delayed rate reductions to expected interest rate cuts seems to provoke a lot of anxiety. The so-called “housing crisis” – some hope – will be eased when rates fall. It’…
