http://www.theherald.com.au/story/2721866/council-votes-to-raise-rates-by-almost-50/?cs=305 did anyone see this today? I'm only fairly new to the property world so would love to hear some thoughts on weather this is a positive or a negative! has this happened in any of your councils?
rates to rise 50%
- Thread starter tomlemke
- Start date
The RBA has indicate that they are more likely to drop rates than raise them. We are talking record lows....lower than the early 60s.
Who knows what the situation will be like in 20 years from now? Maybe it will be up, maybe down. Either way, the future looks bright as mortgages are a helluva lot cheaper than they were in the 70s, 80s and early 90s.
Who knows what the situation will be like in 20 years from now? Maybe it will be up, maybe down. Either way, the future looks bright as mortgages are a helluva lot cheaper than they were in the 70s, 80s and early 90s.
sorry mate should of made my message abit more clearer, i was talking about council rates rising by 50% not interest rates
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