PROPERTY INVESTOR LANDLORD ECONOMIC NEWS & ALERTS AUSTRALIA/NEW ZEALAND

Saturday, October 10, 2009

WILL RBA RATE REACH 10%

THERE ARE REPORTS FLOATING AROUND THAT AUSTRALIA WILL HAVE AN IMMINENT PROPERTY BOOM AND THE RBA WILL HAVE TO RAISE ITS CASH RATE TO 10% TO SLOW IT DOWN.
I PERSONALLY THINK WE WILL HAVE OUR BOOMS IN SELECT AREAS, THERE IS DEFINITELY MONEY TO BE MADE, AS FOR THE INTEREST RATES I THINK THERE'S A STRONG POSSIBILITY THEY WILL SLOWLY REACH 8 OR 9% WITHIN 5 YRS. THIS DOSEN'T MEAN RUN OUT AND FIX YOUR RATE YOU MAY HAVE MISSED THE BOAT, CONSIDER ALL OPTIONS AND SAVINGS AND YOUR INDIVIDUAL POSITION & TOLERANCE.