Interest Rates Keep Falling (Even if Cash Rate Is Unchanged)

The markets are counting on interest rates falling. Geared property owners should rejoice. The next two years should see bank interest rates at levels last seen in the 1950s, over half a century ago.

http://www.abc.net.au/news/2015-01-...lling-even-as-cash-rate-stays-on-hold/6024580

No doubt there will be a few shrill posters on this forum who will decry this as the end of the earth. Pay no attention: they own nothing (or next to nothing); they will never amount to much.

If you are a property owner, its time to rejoice as your IP moves towards being positive geared.

Is this a signal to go out and buy overpriced junk: personally, I think not. Shop around for bargains; those who do the work will reap the rewards.
 
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