In this episode, we discuss the latest monetary policy statement released by the Reserve Bank. We cover the potential rise in interest rates that property investors might expect, as well as both the Reserve Bank's and the Treasury's forecasts of house price growth.
The Reserve Bank currently forecasts that they may begin to lift the OCR from mid-2022, rising to 1.75% in 2024. Last time the OCR was at this rate, the 1-year interest rate hovered around 4 - 4.5%.
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The Property Academy Podcast