Just curious as interest rates keep going up here in Australia. Plus I do not really understand why housing and interest rates and everything else change so suddenly. If you could please point me to a site that gives a simple mans explanation to the world of finances. My friend said he’s waiting until theres a recession to buy a home but I just nodded and said good idea so not to embarrass myself as I have no idea what a recession would cause.
My family earns enough to comfortably afford mortgage repayments for a 350k loan but just don’t have enough knowledge in the area and don’t want to risk inadvertently putting my family at risk