Cost to borrow ‘will increase’ if interest rates rise further

REA Group Economist Anne Flaherty says the cost to borrow money “will increase” if interest rates rise further. Ms Flaherty said property prices are unlikely to finish falling yet. “If interest rates continue to rise as we do expect them to, the cost to borrow is going to increase for people,” she told Sky News Australia. “Which means that they can’t borrow as much, so of course that would put that downward pressure on property prices.”