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How worried should lawyers be about rising interest rates?
For legal professionals considering property purchases in 2022, there are myriad factors to consider, from when the Reserve Bank will raise interest rates to what’s happening in the world around us. In the face of all such factors, proactivity remains a lawyer’s best friend.
Robyn Tongol
On this episode of The Lawyers Weekly Show, host Jerome Doraisamy speaks with Legal Home Loans lending specialists Rachael Massoud and Luke Mansour about the extent to which lawyers should be concerned about interest rates and when they will be raised, the impact of the Omicron wave – if anything – on the property market, declining purchase rates and geographic trends for property purchasing.
Ms Massoud and Mr Mansour also reflect on the continuing trend of purchasing without finance, an increasing number of auctions as opposed to private treaties, whether the recent floods and the onset of war in eastern Europe are affecting, or will affect, prices and/or interest rates, countering any fears of missing out, and tips moving forward.
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