Will Interest Rates Affect Investment Market?

Morrell & Koren buyers advocate director David Morrell said cashed up investors, who are prevalent in almost every inner-city auction, aren’t concerned at all about the rise

“If you’re worried about a 0.25 per cent interest rate rise, then you really shouldn’t be in the kitchen,” said Mr Morrell.

He agrees with agents that say the bottom end of the market will feel a pinch, but doesn’t think it will last long. “People still have to live somewhere.”

“We’ve seen this happen many times before – these buyers are like sheep at a gate,” said Mr Morrell. “One stops and they all stop and if one goes through, they all trundle through.”

“I expect they’ll attend auctions with hands in their pockets this weekend.”

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.