Property investors need to prepare for inevitable interest rates hike – economist

Economist Cameron Bagrie has warned property investors to prepare for an inevitable interest rates hike, Newshub reports. Without being able to rely on asset price growth, Bagrie says Kiwis with money tied up in property will need to look for an alternative to make a living. Bagrie also noted the need for a far better fiscal policy. Fiscal policy is led by the Government, while monetary policy is the domain of the Reserve Bank.