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Clive Palmer's promise to cap mortgage rates at 3% would make it much harder to get a home loan

  • Written by Isaac Gross, Lecturer in Economics, Monash University
Clive Palmer's promise to cap mortgage rates at 3% would make it much harder to get a home loanThe Conversation

Clive Palmer’s United Australia Party continues to make waves in the federal election campaign, most recently with advertisements on massive billboards pledging a “maximum 3% interest rate on all home loans for five years”. But does this promise stack up?

Keeping mortgage rates at their record lows for five years...

Read more: Clive Palmer's promise to cap mortgage rates at 3% would make it much harder to get a home loan

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