RBA's Unofficial Briefings: Interest Rates Headed Down Soon
- Thread starter annie lumen
- Start date
There is the answer to all your questions
Answer to this thread
http://www.smh.com.au/business/nothing-swan-can-do-to-stop-rate-rises-20110506-1echp.html
Answer to this thread
http://www.smh.com.au/business/nothing-swan-can-do-to-stop-rate-rises-20110506-1echp.html
How can you think that? I thought we were about midway and heading up.
Rates are still rising from the very low GFC rate cuts.
Rates are still rising from the very low GFC rate cuts.
Below article from SMH yesterday is saying the bank will put rates up after budget and RBA warned they will have to do something to curb inflation before it gets out of hand.
http://www.smh.com.au/business/nothing-swan-can-do-to-stop-rate-rises-20110506-1echp.html
http://www.smh.com.au/business/nothing-swan-can-do-to-stop-rate-rises-20110506-1echp.html
Rates are going to go very high. Recession around the corner. Hang on to your job Samalayasa, might not be there soon.
I figured we had several rises, the economy was not booming along, and we were approaching longer term average levels. Given the fallout of the GFC will take years to clear the system, I figured rates might hang a bit this cycle.
That was my initial reasoning. Based on newer information, especially around inflation, I'm revising the view to having several further moves upwards.
He he my job is quite safe i work for a company that will operate regardless of the economic conditions, if we stop operating people will die
I do not have a single debt
and i got enough savings to take me through any situationrates are going high because the good times are starting to roll. With the dollar at $1.50 or whatever, jobs aplenty and a roaring economy we will soon remember why we are called the dumb lucky country
I personally don't care whether interest rates go up or down!
If they go up, prices come down, so with cash deposits i can accumulate more houses!!
If they go down, prices go up, so i've got more equity in what i already own, so i can borrow more, to buy more
Locko
Good point mate.
The problem with IR's going up is that our borrowing capacity goes down so although we could have plenty of equity we might not be able to finance our next purchase.
So those of us who are interested to grow their portfolio but are close to their borrowing limit should be buying sooner rather than later.
I personally don't care whether interest rates go up or down!
If they go up, prices come down, so with cash deposits i can accumulate more houses!!
If they go down, prices go up, so i've got more equity in what i already own, so i can borrow more, to buy more
i think the issue is being exposed to RE in the first place.
it's hard for a lot of people to buy anything - and those that could end up jumping through hoops to prove serviceability.
while credit is there, it ain't easy to get. while houses are becoming more affordable, we're not allowed to buy by those lending - or they want more flesh int he game that a lot of folk don't have.
rock-hard place kinda scenario.
