Will the rate hike have a severe impact on real estate?

Personal opinion: there is no doubt that real estate has been hot in the past two years, but there is not a very big bubble existing. On the other hand, the interest rate hike will affect real estate, but it will not affect my ability to buy related stocks or REITS at reasonable prices.
I would refer to $Goodman Group (GMG.AU)$ $Scentre Group (SCG.AU)$ $Stockland Corp Ltd (SGP.AU)$ $Vicinity Centres (VCX.AU)$
For REITs: $Charter Hall Social Infrastructure REIT (CQE.AU)$ $Waypoint REIT Ltd (WPR.AU)$ $Centuria Industrial REIT (CIP.AU)$

RateCity.com.au found a single person, earning $100,000 before tax with no dependents and no debts is likely to see the maximum amount they can borrow from the bank drop by around $20,000 on the back of Tuesday’s 0.25 per cent cash rate hike.

By May next year, the same person’s borrowing capacity (the maximum amount they can borrow from the bank) could drop by a total of $123,400 if the cash rate soars to 2.25 per cent.

The RBA has estimated a 2 percentage point increase in interest rates, which is now considered likely by many economists, could lower real housing prices by approximately 15 per cent over two years.

See my previous post below
High probability that mortgage holders will pay an additional $104 per month