“Having that healthy cash flow has helped me prepare for interest rate rises,” he said, adding that he has factored in an interest rate rise of up to 6 per cent when crunching the numbers on his portfolio.He said while inflation was responsible for the RBA’s move to hike interest rates, it was also responsible for rising rents.
“If the rate went higher than 6 per cent I think a lot of people would be in trouble and that could burst the whole economy.”He said he expected the cash rate to grow as high as 2 per cent in the short term. This enabled them to purchase their dream house in Schofields before buying further investments in Queensland.After the pandemic hit, the pair decided to jump in and buy another 12 properties just as housing values started to climb.
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