The only difference with the US is that you have interest rates for the term of your mortgage whereas in Australia we can only lock in an interest rate for up to 5 years.
So not only are house prices up, but interest rates are also through the roof and those who bought pre covid at low interest rates are now having to bear todays interest rates.
So not only are house prices up, but interest rates are also through the roof and those who bought pre covid at low interest rates are now having to bear todays interest rates.