Buying a house during a recession may be a good idea if your job seems secure because the Reserve Bank of Australia often lowers interest rates during a recession.

Question

Quizplus · Accepted Answer

During a recession, the Reserve Bank of Australia tends to lower interest rates to stimulate the economy. This means that mortgage interest rates would also be lowered, making it a good time to buy a house as the cost of borrowing would be cheaper. However, this assumes that the individual's job is secure and they are able to meet mortgage repayments.

Buying a House During a Recession May Be a Good