I have posted previously how I see things panning out for the economy and rates in the medium term. The return of the 2 tier economy could see rates rise sharply - else the new economy states will run out of control. If you are buying into the south eastern corner there is a danger of falling house prices amidst rapidly rising rates - a property investors nightmare. Tread with caution!
This article sums it up succintly....
"A new commodities boom could force the Reserve Bank into lifting official interest rates "very quickly" to almost 8 per cent"
http://au.news.yahoo.com/thewest/bu...ew-resources-boom-to-spark-faster-rate-rises/
NB: the implications for the AUD are enormous.
This article sums it up succintly....
"A new commodities boom could force the Reserve Bank into lifting official interest rates "very quickly" to almost 8 per cent"
http://au.news.yahoo.com/thewest/bu...ew-resources-boom-to-spark-faster-rate-rises/
NB: the implications for the AUD are enormous.