澳洲Australia property Interest rate rise POLL | Sydney


在澳大利亚 The pool at of an IP needs to be resurfaced (or so the pool doctor says), the cost was estimated to be $10K ($10,000), after recoverying from my impresssion of a cat coughing up a fur ball, it just seems far too much. Its just a standard poo I need some advice regarding a property purchase. Property - semi-detached house Bedrooms - 2 Condition - average needs internal reno to modernise Street - one of the best in suburb Location - excellent Close to schools - yes Transport - 50m


Just a poll to see if we can predict the future like the octopus??
YES OR NO to an interest rise !!  

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Paul is dead......must've got a bad oyster :rolleyes:

You left out the "Don't care" option.
But thanks for reminding me, it is that time of year again when I review the rents :)........"it's beginning to feel a lot like Christmas" :p  

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I think your poll needs bit more clarifications. If you mean will the RBA raise rates then the answer is NO. But if your poll is whether interest rates are going to be raised next week then I believe it will be. Banks will try and sneak in now rather than wait till Dec which is close to Christmas.

Cheers,
Oracle.  

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Propertunity said: ↑
Paul is dead......must've got a bad oyster :rolleyes:

You left out the "Don't care" option.
But thanks for reminding me, it is that time of year again when I review the rents :)........"it's beginning to feel a lot like Christmas" :pClick to expand...
This time of year???

I review mine weekly :) each week or fortnight someone gets it.  

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yeah Nate; I put mine up ever other day too.  

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Nathan said: ↑
This time of year???Click to expand...
Sure, why not? :D
I usually only look carefully 2 x a year for the long termers and on a change of tenancy for the others as they arise. I'm too busy generally otherwise.....and they are usually locked in for 6-12 months at a time anyway.  

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Propertunity said: ↑
Sure, why not? :D
I usually only look carefully 2 x a year for the long termers and on a change of tenancy for the others as they arise. I'm too busy generally otherwise.....and they are usually locked in for 6-12 months at a time anyway.Click to expand...
Makes the most sense to me. Only takes 2 seconds to do a quick check and review them every 6-12 monthly, its not like it needs to be a full time job even if you do have 10-20 properties.  

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I'll throw my hat in and say YES.  

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i'm in the don't care basket as everything locked in at a wiffling 5.19% for another 18 months. :D

otherwise ... i'll say no to the rba, yes to the bank (who have just made record profits) trying to screw us over again.  

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Gee, I'm running against the crowd. I voted that they'd stay on hold last month, which I got right, and I'm voting up on Melbourne cup day. I know inflation seems to be under control, but the RBA won't wait forever before raising them. I still reckon its time for a hike.

Half mine are locked now at 6.99%, but the other big development loan is variable through the build at 8% today. When its done it will revert to a resi rate and I'll re-assess but at least the rest are all locked down now.

Cheers,
Michael  

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I thought it would be on hold last month and I vote it will be on hold this month. We have near parity with the USD, house prices are stable, inflation within their range. Why increase?

I am not a banker, but i dont see how their funding costs have increased. Surely their funding costs have eased now that we are coming out of the GFC and their is more certainty now, than 12 months ago. Also the banks have govt guarantees so that should stabilse funding costs. I just think those banks are greedy and they believe they have a right to continue their mega profits. Time for the govt to increase competition and make it a bit easier for smaller players to get into the home lending market.  

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Interest rates up 0.25%

The link is here. Another one the economists got wrong (oh and me too)  

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how about that!!!!!!!!  

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Propertunity said: ↑
....it is that time of year again when I review the rents :)Click to expand...
Rents have been reviewed - and decision by this LL is that they are all going UP. Letters are going out this afternoon.  

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Seems like 73.21% got it wrong.  

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So the more pertinent question is what will the banks do now? Will they take an opportunity to raise above 0.25% on home and business loans? And deposit rates?

I can't help but imagine the grins on bank exces faces with this IR rise.  

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Parity within days with the Fed about to announce QE2.

Why do so many people think the A$ is in a bubble?  

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Another indicator that the economy is probably broken, and running at 2 speeds.

RBA needs to build in lots of buffer to bring the smelling salts out when needed

ta
rolf  

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Buzz...I expect to see at least 10 to 15 basis point increases on top from the banks...essentially this will be a 0.35% to 0.4%.

This might be good thing as I can't see the rates go up more than another 0.5%. When bank increases are included about 1% in total.

This is probably what the labor government and to some extent what the RBA wants. The banks then become the bad guys......



buzzlightyear said: ↑
So the more pertinent question is what will the banks do now? Will they take an opportunity to raise above 0.25% on home and business loans? And deposit rates?

I can't help but imagine the grins on bank exces faces with this IR rise.Click to expand...
 

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Sunfish said: ↑
Parity within days with the Fed about to announce QE2.

the announcement moved the aud 1c up to 99.8.
would have been a nice trade considering no rate rise was mostly built in.

Why do so many people think the A$ is in a bubble?Click to expand...

cos they haven't studied US fundamentals...
 

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