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Suppose they rise theirs by 50 points to 1.50%, the impact of such a rise is of 50%, Hi All Re Sparks Comment "Suppose they rise theirs by 50 points to 1.50%, the impact of such a rise is of 50%, much more than 50 points here for example (which would be only 10% rise). This is the reason...

Acey you posted "Only if the differential between US & AU interest rates drops will the propensity to borrow money in the US and lend it to AU reduce" I agree and that was my point as well that as the US and others raise rates then the RBA can raise here and the differential stays the...

Hi Acey There are so many points it will be hard to cover them all but in reply to your comments I write. 1. I greatly appreciate you acknowledging my good points. I enjoy the forum and a good debate but it is always a shame when either bad sportsmanship or personal attacks get in the...

HI All Firstly prices are falling in Eastern Sydney ( my area) . My personal experience in in this post. http://www.somersoft.com/forums/showthread.php?s=&threadid=13984 Reply to Acey asked of Jim Acey, you often ask others to support why rates are going to go up? So what do...

Hi Tibor Seems we have been busy over the long weekend and a number of posts have been added. In reply I'm surprised the figures don't add up as it was taken from RBA doc however it could have been typed from by journalist of me. I thought it said as a high income earner you have to...

Hi Acey Whilst I'm still in the "correction to happen" camp I did notice this article in Thursday 22/1/04 Fin Review which made me think. TITLE "Safe as houses..... for a while" p45 by David Bassanese Essentially article goes on about how property tax lurks are too generous and...

Mirvac comments Hi All First, thanks for your post Pitt St. Must have taken some time to find all the graphs. I read with interest. Re Mirvac I don't believe a major player buying land reflects the OA IP market position as: 1. Mirvac are a development machine (multiple staff...

Hi Acey, With a fear of looking like a fool as I’m no economist (p.s. that's an invite to those who are to help!) I have a go to support my comment. Firstly, I agree that OZ and USA are different economies. So different it would be impossible to list all the variables here but I believe...

IMHO rates in OZ depends on the rates in USA. A lot of talking of need to raise soon. Peter

Eastern Sydney Viewpoint Good to see you back LB. The forum has been quiet without your unique viewpoint. From my observations we will not see homes in Sydney drop 45% or even 30% as 70% are owner occupied and they will sit and hold regardless of value. Can say however the home market...