In a recent interview with the ABC, RBA Governor Lowe predicted that inflation would likely reach 7 per cent by the end of the year and that the Reserve Bank would then be forced to raise interest rates to help bring down prices.
The media has been overflowing with negative messages, and consumer confidence has fallen due to worries about rising interest rates and the prospect of a recession.
What does this mean for our property markets? That’s the question Cam and Renee asked our regular expert Michael Yardney CEO of Metropole property strategist and host of the well-known Michael Yardney Podcast.
Take a listen below:
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