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I think the market is fearing an interest rate rise this year. Probably speculating from the lower US employment rate. Anyway it caused our stock market to fall yesterday enabling some investors to pick up cheaper stock....."buy on the rumour, sell on the fact" as they say.

Yeah the crazy will see reality and so will the economy IMO. Higher interest rates will mean less investors and it wont make it easier for first home buyers either.

US to raise interest rates this year Oz rates to rise Not good for our housing market