Craig

The Australian swimmer who won three Olympic gold medals back in 2008.

She was born on this day in Brisbane in 1988.

And having a look on this day in the history books, Captain James Cook first sights Australia.

And he writes in the logbook, What we have seen of this land appears rather low and not very hilly, and the face of the country is green and woody, but the seashore is all white sand.

Enjoy your morning coffee.

Wake up every morning to the Real Estate Podcast.

And rising interest rates are a new phenomenon, as we know, for many, many borrowers.

We've had a long decade of interest rate declines associated with several property booms.

But it comes as no surprise that in June for 2022, you and I,

are now at a turning point with interest rates rising from those historic lows.

But digging deeper, how will the rising interest rates impact the property market?

Well, let's dive into this whole aspect with Rich Harvey, CEO and founder of propertybuyer.com.au.

Good morning, Rich.

Welcome back.

And boy, a big subject to cover today.

Yes, certainly.

And it was back in December of 2021, the RBA was predicting to lift its cash rate by the first quarter of 2023.

That completely went out the window, Rich.

Yeah, I think the big problem that the RBA have got and they recognise is that the inflation is going to get a whole lot worse than before it gets better.

But as you say, everything is firing.