The thing is, my property value could halve but I'm still going...

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    The thing is, my property value could halve but I'm still going to live there and continue paying a mortgage even if it's greater than the value of the asset.
    It's if interest rates rise rapidly and people start to default is where the problem lies.

    My concern is that the big end of town banks, big business etc are out of touch with "average" people and think they can continue squeezing blood out of a stone. Maybe it's a rise in arrears or mortgage defaults that would wake them up.

    The employment number might be up but I reckon it's still tough to find a job. It's also going to take some time for business to part with the money and offer staff wage increases.
    Personally I really hope rates don't rise as my last 3 out of 4 grp tax certs have been negative thanks to falling hours worked and multiple wage freezes. Things are really tough.
 
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