Interest rates on an all-night bender while property gets depressed
API Magazine Editor Craig Francis draws upon an old-school journalist's bar-room view of the world to assess what the current interest rate cycle and economic situation means for property prices.
Interest rates and property prices are displaying very different energy levels. (Image source: Shutterstock.com)
Property seems locked into an unhealthy relationship with interest rates.
The higher the latter soars, the more depressed the former becomes.
It wasn’t long ago that property was the one out dancing while interest rates sat on the floor cross-legged watching the world go by.
Interest rates clearly found their mojo and the question now on property’s lips is, when will interest rates finally settle down?
The answer seems to be that it’s midnigh…
