SFA048 A history of home loans (752 words)

Description

This article looks at the history of home loans from the 1970’s to 2022, detailing the rise of inflation and consequent interest rate spikes. It also provides tips and strategies to assist when interest rates rise.

Introduction

Post-pandemic economic shrinkages coupled with the Russian invasion of Ukraine in early 2022 have seen inflation spike to the highest level since the Great Inflation of the 1970s.

This surge in inflation has prompted the Reserve Bank of Australia (RBA) to increase cash rates, making it difficult for new homeowners, with the situation looking to deteriorate before it improves.

What can we learn from the rise of inflation and consequent interest rate spikes that plagued the 1970s and 1980s??

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