‘Good debt’: Man who has bought over 20 homes reveals interest rate reality

Mr Whitfield has amassed a property empire, but surprisingly, unlike some Aussies who are depending on the cash rate to drop in order to finally get some mortgage relief, he isn’t too concerned.

The 40-year-old from Perth said lower interest rates are a “positive sentiment” for the market but it doesn’t impact his dealings.

He isn’t looking at interest rates. He is looking at sale clearance rates, vacancy rates and area growth.

“It is about a lot more than interest rates. For me, there’s opportunity in all markets,” he told news.com.au.

For example, Mr Whitfield said that Perth hasn’t been negatively impacted by the interest rates holding for over a year at 4.35 per cent; the opposite has happened. He argued the market has “boomed” because of interstate investors.

He understands that the same can’t be said for Sydney or Melbourne, but he’d argue that every market in Australia is vastly different.

“When interest r...
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