Search results

Consumer confidence rose by 6.3% in November to a six-month high. Google 'Westpac Melbourne Institute Index of Property Sentiment'

Yes, partly. It's been expected for a couple of months now that rates would soon fall... personally I thought they should cut in October, but they waited for the inflation data, which is fair enough. Back in November 2010 the RBA raised rates by 0.25% and the banks added another 0.15% on top...

Today's ABS housing finance data showed home loans in South Australia rose 7.6% for the month. Buyers are a lot more confident since rates have started to fall. Might be futile expecting much more in the way of price falls in Adelaide.

Yep, thanks. All together that comes to about $80K (see post 111). Like I said, would barely cover the stamp duty. Hardly seems worth it.

Hardly seems worth the effort of selling, moving, buying again. Do you plan to time the 'bottom' and buy back in then? You might have missed it. Best time to buy is usually just before or just after interest rates start to fall. If you're quick, you might get in before prices start rising again...

So not even enough to cover the stamp duty if you were to buy back in then? Not to mention the cost and hassle of moving. Why don't you ask him yourself on APF? Or maybe you believe he's just another 'troll'? :rolleyes:

Well, since you know the powers that be have an explicit agreement to devalue the currency, perhaps you should realise that asset values are destined to continue increase in real terms for some time. So maybe you shouldn't have sold your home to rent a few years ago? By the way, why haven't...

The RBA currently has an explicit 2-3% inflation target. This requires it to devalue the currency. The goal of positive inflation targeting is currency devaluation.