The RBA will be announcing whether or not they’re raising interest rates again on Tuesday. Only earlier this week, many pundits were ready for a hold on any rises this time around, but recent inflation data has thrown a spanner into the works.
Property prices are increasing, especially on the East Coast, but the Government has changed the laws of foreign investors buying property due to property demand driving up housing prices. What impact will a rate rise have on the property market? Will First Home Buyers be unable to purchase? Will investors flood the market?
Do you feel Australia is ready for another rate rise?
Have your say in the comments below.