Real-world ramifications of rising rates
There\u2019s still more gas in the Reserve Bank of Australia\u2019s (RBA) rate tank if economic indicators continue the way they are\xa0going.\xa0So where to from here for Aussie borrowers?
Peter White AM, the managing director of Finance Brokers Association of Australia (FBAA), sits down with host Grace Ormsby to run through the \u201creal\u201d impacts of the current\xa0rising rate\xa0environment, expressing his disappointment in the RBA\u2019s lag and lack of current data indicators.
Peter reflects on the resilience of Australia\u2019s investors over the past 18\xa0months\xa0before pointing out the potential for more pain in 2023 before rates\xa0begin\xa0to subside and optimism returns to the property market.