The Quicky House Prices & Interest Rates: Winners & Losers In 2022
After years of record lows there is speculation that 2022 could be the year when the Reserve Bank of Australia will finally increase interest rates, but would it be enough to drive down house prices?
Research shows that even a modest 1% increase could prove devastating for new home owners who've been pushed into huge mortgages, but at the same time many retirees are desperate for a rise to finally see some return on their savings.
To find out who would benefit and who would suffer, and how likely any of this really is, The Quicky speaks to an economic expert to discuss what is really going on with interest rates in Australia.
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CREDITS
Host: Claire Murphy
With thanks to:
Dr Zac Gross - Lecturer in Economics at Monash University, and formerly an Economist at the Reserve Bank of Australia
Producer: Claire Murphy
Executive Producer: Siobhán Moran-McFarlane
Audio Producer: Ian Camilleri
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