Just attended a very interesting conference today where it was suggested by a leading financial commentator that Australian interest rates can't remain as far apart from American rates in the future.
The options are that American rates will rise (unlikely given that there is talk they may even decrease to 0%) or else Australian rates will decrease in the near future to reduce the gap. Does anyone have any opinion on this?
Chantal
P.S. We're very happy that we've just settled our purchase today for an investment property in Cooloongup - thanks again to all of those who offered advice on Perth suburbs a few months ago!
The options are that American rates will rise (unlikely given that there is talk they may even decrease to 0%) or else Australian rates will decrease in the near future to reduce the gap. Does anyone have any opinion on this?
Chantal
P.S. We're very happy that we've just settled our purchase today for an investment property in Cooloongup - thanks again to all of those who offered advice on Perth suburbs a few months ago!