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  1. boz

    RBA just put rates up again to 4.25%

    well, the news of the numbers of home loans declining came today at 11.30 the other news of hot property market is from yesterday auctions numbers. so, may be we should go for home price falling...;) Anyway, if you want a more accurate analisis the home loans represent the number of loans and...
  2. boz

    RBA just put rates up again to 4.25%

    Interesting point. So, if we put at 5% of GDP that is going towards building for newcomers that are probably around 2% (on top of the normal birth/death rate), I believe the key is weather those new people coming bring more gdp and wealth then the one working for it, otherwise this 5% could do...
  3. boz

    RBA just put rates up again to 4.25%

    the data is there and mathematic is not an opinion and i think it is quite conclusive: in 2009 loans to housing went up 9% (from 1007 bil$ to 1096 bil$), average interest on loans 5-6%, new dwelling build around 1%, inflation 2.1%. So at best we got a zero outcome, but I am pretty confident we...
  4. boz

    RBA just put rates up again to 4.25%

    I agree with some points, but it is very important to clarify the people in australia are not paying down the mortgage (as you can work it out in the RBA Financial aggregate), I agree that equity has been increased. There are country like UK where central banks gives data on equity withdrawal...
  5. boz

    RBA just put rates up again to 4.25%

    That is so true! that is so true as well! it is getting more clear by the day that Glenn Stevens doesn't want a house bubble with a consequent US style crash (but I don't think all RBA think that way, for sure Battellino would disagree...:rolleyes:)
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