Just seen on the news that alot of economists are predicting that the RBA will drop interest rates tmrw another .25%. Some buyers are waiting to borrow until they get the rate cut. This cut will bring a new record low rate ever in Oz. I'm going to sit on the side with my popcorn and watch the bubble become even more inflated over the next couple of years!
I fixed for 2 years at start of this year, because late last year it looked like the likelihood of another drop was slim as it had been stable for well over a year. So if there is another one at 0.25% that would be a 0.5% drop since then. But I expect it will all come out the wash in the end, so no biggie.
7.30 report on ABC 1 just did an article about it and they had the finance minister on also. The main concern is about Sydney's RE market turning into a bubble. Melbourne is starting to flatten out which is great. The recent slump in iron ore price is the real worry as the mining sector is taking massive losses. Going to be an interesting year 2015 is!
It's going to be an interesting day. The RBA obviously wants a weaker dollar to support exports, but that doesn't address any of the fundamental issues. .
Wasn't the RBAs goal for the AUD to drop slow and steady? That has been happening and has continued to happen since the last rate drop. I doubt they will drop rates again today. It's all hype IMO
This is the main reason they haven't dropped rates further this year. ASX also shot up this morning, anticipating a rate drop. Sportsbet paying $1.75 for 0.25% drop (was $1.50) and $2.00 for staying the same (was $2.50). Will be an interesting decision
Well, they kept it on hold. Silver dropped 25 cents and gold dropped AU$15, just under a percent. Nothing to see here, move along now.
O.k so rates are staying where they are for at least another month!!! RBA are going to monitor present situation and unemployment figures and after next rate cute of .25% in May they will be watching what The Federal Reserve do over the rest of the year. I really hope The Fed start raising rates sometime this year.
LA lost 2-1 in a shootout against Vancouver today. With this lost they've lost the last Stanley Cup playoff berth, overtaken by the Winnipeg Jets. LA is facing the Oilers next.
It is always a buying opportunity. But if you want to buy it cheaper than now there are 2 easy options. 1st: Wait and you will see the price drop considerably over the rst of the year. 2nd. Find a shop/company in the USA that you can open an account with , load it up with cash and again wait. If/when RBA drops the rate later on down the line option 2 will allow you to double up on your savings. I see no other option than for silver to reach new lows this year, so with your money in USD at a US company NOW you will save when the AUD drops more and when silver continues its downward trend. I am just making this up as i go, but the more i think an]bout it the better option 2 sounds. I may just do this myself if the maths works out Though that would mean buying at spot , and i no likey that
Well I cant wait until next month....Its about 95% chance that the RBA are going to lower rates by .25% again. Cant wait to see the roof get blown off in the Sydney RE bubble over the rest of 2015. Surely it cant go on for much longer. Can it???
