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Interest rates not the silver bullet to Australia’s property market, investment expert says

Press coverage 16 November 2021 Summary of published coverage
Interest rates not the silver bullet to Australia’s property market, investment expert says

Low interest rates were not the sole force behind the property boom and a rate rise would not push large numbers of households into hardship, PIPA chairman Peter Koulizos said. He identified easier credit access and buyer enthusiasm as more significant factors, and cited ABS figures showing the average owner occupier loan was $574,000 in September, countering broker industry warnings of widespread mortgage distress.

Reported by

Senior Producer, 9news.com.au, 15 November 2021

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