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Yeah I know, that's why I threw that big wink in there! ;) PS I'll call 75bp now for mid-Feb! :D Michael

Forget Ross Gittins, I pointed out 100bp was on the cards back on the 6th November when I started this thread: http://www.somersoft.com/forums/showthread.php?t=47104 ;) Then some know-it-all economists all lined up and called 75 basis points, and a few scaremongers started calling up to...

Tash, So long as your income is secure so you won't be forced to sell your asset into a depressed market, then you can't go wrong buying now given a long term horizon. Prices are down, interest rates are down, rents/yields are up and vacancies are low, construction is down, immigration is...

And my rate with WBC following that 80bp cut is now 6.11%. Not much in it really... Happy days! :D Cheers, Michael

The result is in and its 100 basis points! :D http://www.rba.gov.au/MediaReleases/2008/mr_08_27.html Cheers, Michael PS 5 posts with the result all within seconds of each other. I guess there's a few of us here on Somersoft who were a bit interested in this result!