5c move in 1 week…… :(
This is the problem you get when Australia has 2% returns and the rest of the world is desperate for yield, happy to lend it to as many Aussie banks as will take it.
Maybe we’ll see a rise on Australian mortgage costs sooner than we expected. Especially when you see articles like this around already – http://www.abc.net.au/news/2016-03-04/borrowing-costs-and-the-dollar-on-the-way-up-analysts-say/7222380
Don’t worry, it is just a reflection of market jittery re. US general election, Brexit referendum and other stuffs currently going on in the market. Underlying Australian economy is commodities and the index price has been going down >100bp since its peak in May 2014 ie. a whopping +/-50% drop! http://www.indexmundi.com/commodities/?commodity=commodity-price-index&months=60
The world is definitely not viewing Australia as a fundamentally save heaven, unless somehow commodities are back in the money. It is only short term until market is less jittery.
Cheers,
Catts
Here to learn the ropes of property investing, not trying to sell anything.Cattleya
Here to learn the ropes of property investing & share knowledge, not trying to sell anything at all.
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