Will interest rates drop in 2024? My take is it's a 50 /50 answer. You know, there are commentators already saying interest rates are most likely going to drop in 2024. But I think there are the number of factors that the RBA has to look at.
Inflation, unemployment, cost of living, and of course, housing. Housing, in my view, actually hasn't slowed down and we've still got a shortage of houses. We've got a rental crisis that's happening right now.
Regardless of whether interest rates do drop, most likely they may drop in 2025. This is the time you want to be given. in and buying property where not many are buying investment properties
because rates are perceived to be high.
Because what I've seen in the last five, or six rate rises is the ones that get in when the rates are high, 'll see a significant appreciation in their capital growth or equity soon after the rates start dropping down.
So independent of whether the rates drop this year or early next year, I'd still be buying property. Just make sure you buy in an area where you can rent that property out. The property is bringing in good cash flow to cover your repayments.
And you'll see that you're gonna be making some good equity in recent times after the interest rates drop down.