I just read a report stating that residential property prices in Australia increased 3.7 per cent in September to a six year high, which inevitably is heightening the likelihood of a third consecutive rate hike in December.
Also the latest figures from Australian Property Monitors (APM) showed that Melbourne is the fastest growing real estate sector with prices rising 6.1 per cent in the third quarter of the year, the fastest quarterly increase since 2003.
With this supposed growth what do you think the likely hood that an interest rate increase happens again in Dec? Just wanted to get some of you guys perspectives on the situation.
Thanks.
Also the latest figures from Australian Property Monitors (APM) showed that Melbourne is the fastest growing real estate sector with prices rising 6.1 per cent in the third quarter of the year, the fastest quarterly increase since 2003.
With this supposed growth what do you think the likely hood that an interest rate increase happens again in Dec? Just wanted to get some of you guys perspectives on the situation.
Thanks.