Agree that rates don't need to go as high and for this same reason I expect them to gradually peak lower and lower over the years.
I guess you just have to make sure your not in that first 10-20% that will be significantly wounded by the higher rates. It's these poor souls that take one for the...
I think the days of higher 10%+ rates are gone. The RBA raise rates to slow things down. Everyone carries more debt now so the desired effect is reach at a lower rate. In fact I believe the average rate will continue to drop each cycle.
Question is what will happen when rate pain is felt so...
