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The next interest rate rise will be three times harder than the 1990’s

March 21st, 2017

This alarming article puts an historical perspective on the risks of over gearing in today’s world where real incomes are falling,  underemployment is rife and now (if the latest figures are to be believed), unemployment is rising.

Those of us who were there and survived the ’90’s when market rates literally went up 5% overnight, will never forget it.

With 25 years of almost uninterrupted economic growth in the meantime, we only hope today’s recession free generation won’t have to learn the same hard way.

http://www.smh.com.au/business/the-economy/why-the-rbas-next-rate-rise-will-hit-three-times-as-hard-as-in-the-1990s-20170315-guz2h5.html

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    • Curtis Associates is a leading buyers agent and property buyers agent in Sydney. For over a decade, we have helped Sydney property buyers and commercial real estate investors secure Sydney real estate through our established networks and contacts in Sydney and access to 'silent' or 'off-market' listings. Chris Curtis, the principal, lives and works in Sydney and is passionate about the ever-changing and often complex Sydney real estate market. Call the preferred buyers agents at Curtis Associates for personal attention and care when buying your next dream home.

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