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
The ConversationClive 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...







