the real estate boom is over, now business confidence is falling. perhaps the rate rises were too much too soon, the RBA may well have misjudged this one…
http://www.personalinvestor.com.au/columns/fbmnews3.asp
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Only because I fixed one of my largest loans last week for a period of 5 yrs.
I have no idea. One of the problems of negative gearing I suppose. But at least the properties are not in rural or regional Australia. Got to find a positive.
The terrorist threat (Madrid) and the potential effects of Europe now being involved will also have a dampening effect.
Realise that the issue of terrorism is much more significant or its implications more serious than their effect on interest rates….(it is no silver lining…)
James
Most brokers would have been very aware of what the trend is likely to be the moment they saw several lenders trying to push fixed rates at a rate which clearly indicated that those lenders didn’t think rates would dramatically run away.
Pisces
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