I came across this article on Australian Property Investor about where rates might possibality be? Ive attached the entire article for your referance.
In 12 months from now interest rates will sit at around the same level as they are now, according to BIS Shrapnel senior economist Jason Anderson.
"From a cash rate point of view we're not factoring in any rises in the cash rate over the next 12 months," he says.
"In a year from now they'll still be the same as they are now roughly."
"But it's hard to predict what the banks will do – the 'cost of funds' issue remains a factor for them.
"Possibly from the bank rate point of view (interest rates) could go up a bit."
Anderson notes that the weakness in the Australian economy is the business investment constraint.
"There's a lot to work through in terms of the decline in business investment, we're only a few months into that process."
"There's a huge gap to be made up there somewhere else in the economy and housing is the number one target to make up that gap."
This information was gathered from
http://www.apimagazine.com.au/api-online/news/2009/08/where-will-rates-go
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