Good points.
I think, though, that we are probably at the bottom of the current interest rate cycle.
Interest Rates - where now??
- Thread starter MTR
- Start date
Good points.
I think, though, that we are probably at the bottom of the current interest rate cycle.
exactly - the article is a hot mess of contradiction and makes little reference to any meaningful sources
We are definitely at the bottom, hope we have at least another 12 months before they start rising. I personally can not see rates rising next year.
FWIW, I don't think the RBA will be in a big hurry to raise rates. They have indicated they want a lower dollar, and that they would like to see more building construction.
My (almost) secret hope is that rates stay where they are for the next 2 and a half years so I can re-lock in at good rates!
I have started locking, got as low as 4.67% (3 years), amazing
Yet his employer put up fixed rates last week....
Maybe because this report just being released today by RBA.
Hope they drop the fixed rates again.
well not really, the emplpyers funder increased their costs so pass it on.
Im with Bill
ta
rolf
I'd expect the US dollar to strengthen next year on the back of solid (although unspectacular) growth there. That might help our currency down to the low nineties but also mean a further domestic rate cut may not be needed, especially in light of increasing spend in our property market. Could see a rate increase late next year, especially if the resources market picks up again.
All conjecture, but that's my take and I'm not paid as much as Bill Evans from Westpac!
All conjecture, but that's my take and I'm not paid as much as Bill Evans from Westpac!
more so than other economists with much larger public profiles.
His latest idealogy goes with my line of thinking on the macro evidence available.
ta
rolf
This is a very good article. Thanks, The Fence.
Hope the next cut will happen in feb-14.
interest rates to rise next year. why?
plus many more factors aswell, i see it happening middle next year.
economists can ONLY predict short term, NEVER long term.
Nick
- FHB'ers and familys buying up property while rates are low and almost good clearance rates too
- Investors buying more properties
- record amount of donations
- strong aussie dollar ( but not good for our country)
plus many more factors aswell, i see it happening middle next year.
economists can ONLY predict short term, NEVER long term.
Nick
its only good if you want to buy stuff overseas not in australia. if was dollar was 60 cents we'd have more jobs and exports in the country. hence why holden was such a strong car company 10 years ago. look at it now its falling beyond brink. i say buy aussie made products or we will (or are) the laughing stock of the world.
