Dr Sam Wylie

And then the value of your apartment will go up with inflation.

So it won't be all bad.

And in the end, it might be the good might outweigh the bad.

The problem is the bad is very front loaded.

And so you need to bear that in mind.

And you need to think forward a little bit.

If interest rates went up 2%, am I going to be able to handle that?

Am I going to have enough cash flow to make sure that I can make my payments?

Or am I overextending myself?

So your question and your observation throughout this, Kate, is that there's a set of things that you need to concentrate on.

And interest rates are one of them.

And so when people say the RBA interest rates, you know, when you hear on the radio that you are, when you hear on Triple J, for instance, sometimes I say to Triple J, which shows you what an old guy I am, because when I was your age, that's what they were called.

They were Sydney radio station, believe it or not.

And sometimes I actually say that, and my kids wonder, what is he talking about when he says 2 triple J?

But anyway, you hear on triple J that interest rates have gone up.

The RBA has increased interest rates from 0.1% to 1%.

Now, that wouldn't happen.

They would only increase it in quarter percent increments.

They might increase it from 0.1% to 0.35% to 0.6%, et cetera, small increments.

They meet on the first Tuesday of every month.