Domains Alice Stolz
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What are the current trends in mortgage interest rates?
it's the real estate podcast across every state city and town of australia and welcome to another episode of the real estate podcast available on iheart radio and also spotify and apple podcasts or wherever you get your podcast from It is a Thursday, the 16th of June for 2022. And coming up in just a moment, we're talking with Alice Stoltz, Domain's National Managing Editor, about mortgage interest rates and what your mindset could be towards them to help navigate through them. So it's an interesting conversation coming up in just a moment. And I see that monkeypox has spread to Western Australia with a person infected with the disease. There are now five cases of monkeypox in New South Wales and three cases in Victoria.
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Well, whichever way you look at it, the rise in the cash rate is here to stay for a while, isn't it?
How can first home buyers navigate rising interest rates?
How do you fight against it? What can you do to improve your anti-mortgage rate rises that have been unleashed? Well, sadly, many would say probably nothing, zero, zip. Just a classic example of a homeowner being squeezed because of the runaway inflation rate. Well, suck it up, people are told. Get on with it. Yeah, easier said than done. Well, the other day I was reading an opinion piece by Alice Stoltz, Domain's National Managing Editor, And she said the RBA left no room for ambiguity. Interest rate rises ain't over yet and there are certainly more to come. We have come out of a property cycle that has seen extraordinary growth. Last quarter, Australia's national medium house price was over $1 million, up 18.4% on year.
However, now the party's clearly over. Alice goes on to say, but the fact we knew a further rise was coming doesn't make it a less bitter pill to swallow. She says, I'm endeavouring to find some bright spots in what feels like a dark cloud. Well, that seems like the appropriate moment to bring Alice into the conversation. Good morning, Alice. Great to have you back on the show.
Good morning, Craig, and thank you for having me.
Sounds like you're kind of thinking a little bit less negative thoughts around rising interest rates, which is good.
What mindset shifts can help during economic challenges?
And you've got some pointers for people. And the first one is first home buyers. You say, now it's your time.
Look, that's right, Craig. I kind of got through the end of a bit of a vicious media cycle last week where every morning I was talking around this sort of terrible scenario of rising interest rates. And it sort of brought me back down to earth by the end of the week when I reflected on the fact that, you know, a month or so ago, we're all scratching our heads wondering how we're going to tackle this.
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Chapters
6 chapters
1
What are the current trends in mortgage interest rates?
0:02–2:41
2
How can first home buyers navigate rising interest rates?
2:41–4:18
3
What mindset shifts can help during economic challenges?
4:18–5:53
4
How do rising rates impact property prices?
5:53–7:47
5
What should sellers consider in today's market?
7:47–10:07
6
How can Australians prepare for future interest rate hikes?
10:07–11:35
Speakers
3 identifiedMore from Aussie Real Estate Podcast
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