hmm....another view saying rate hike seems likely
'...Investors now tip a one-in-three chance that the RBA will raise its key cash rate next month, up from a one-in-seven chance yesterday. And the market now has a 70 per cent chance of a hike priced in by August, up from 48 per cent a day earlier. ...'
http://www.businessday.com.au/business/hawkish-rba-warns-of-rate-rise-20110506-1eb3n.html
...so ill do one of two things:
1. Buy now before rates increase
2. Forget it, continue to rent and put my $ elsewhere.
Ofcourse i think option 1 is the better thing to do, as i still believe long/med term real estate will outperform most other investments in that timeframe. Id like to get in now, and fix for 1-2 yrs.
oh,..and could someone tell the RBA that not everyone works in mining and thus does not have $ coming out the their a$$.
'...Investors now tip a one-in-three chance that the RBA will raise its key cash rate next month, up from a one-in-seven chance yesterday. And the market now has a 70 per cent chance of a hike priced in by August, up from 48 per cent a day earlier. ...'
http://www.businessday.com.au/business/hawkish-rba-warns-of-rate-rise-20110506-1eb3n.html
...so ill do one of two things:
1. Buy now before rates increase
2. Forget it, continue to rent and put my $ elsewhere.
Ofcourse i think option 1 is the better thing to do, as i still believe long/med term real estate will outperform most other investments in that timeframe. Id like to get in now, and fix for 1-2 yrs.
oh,..and could someone tell the RBA that not everyone works in mining and thus does not have $ coming out the their a$$.