Low Interest Rates

An economic downturn does have advantages. Record low interest rates are one of them! If you are looking to purchase right now, there are some amazing deals to be had.

Some lenders are offering rates below 3%: https://www.ratecity.com.au/home-loans/interest-rates

Considering they were up around 17% during the 1980's, that is a long fall.

Even if you are not looking to buy, you may be able to switch and lock in to a great fixed rate to save you money!