Property expert warns latest rate hike the sign of a “global financial depression”

The USA’s interest rates now sit at four per cent. The rate was risen in September to combat inflation, marking the first rise since 2023. A professional investor with more than 400 homes has warned Australia’s latest rate hike is not the fault of the government, but the sign of an international debt crisis. Founder of B.Invested Nathan Birch said he predicted rate hikes would continue for a maximum of 12 months, before a ‘Global Financial Depression’ (GFD) would shove rates down towards zero per cent. “This is much bigger than Anthony Albanese or the Labor Party,” he said. “What we are witnessing is a global currency and debt problem. There are cracks appearing across the international financial system and Australia isn’t immune from them.” A professional investor has warned the latest interest rate hike was not the government’s fault, but the sign of a global debt crisis which could tank the economy. Picture: iStock The Reserve Bank of Australia lifted the cash rate for the fourth time this year on Tuesday; raising it to 4.6 per cent, its highest in 15 years. Mr Birch said Australia was just one of several countries following this trend, with several major economies barrelling to...