Australia’s property markets have benefited greatly from the record low interest rate environment of the past eighteen months. But the perpetual question property investment pundits are faced with – around this same time each month! – is how long will our environment of ‘cheap’ debt continue?

Throughout life we have the opportunity to learn many valuable lessons. Some things we find out the hard way and some the easy way. All too often it’s the former however, as expectations go unmet and disappointment ensues, which begs the question, why is it we seem to set our children up for a fall?

According to recent data from the Australian Bureau of Statistics (ABS), as taken from the National Accounts, Australian household incomes have more than doubled since last decade. However, it seems we are all feeling the impact of interest payable on overall household debt.

The Reserve Bank’s October decision to maintain interest rates at a low 2.5% has engendered varied responses from property analysts and commentators.