Meh...I'll leave the thinking till after Christmas I think....
Welcome. I am an Australian property investor sharing my thoughts as I travel through the maze of home ownership and investment property nightmares. You will find blogs about agents, the property market, our own properties any anything else in between. Enjoy.
Sunday, December 6, 2009
OMG...rates are climbing faster than I thought..
Before I could even finish my favourite 2 piece feed from KFC, interest rates have jumped by a MF HUGE 75 base points. The fact that rates are on the way up does not in itself pose a real issue for my portfolio, or the portfolios of most investors I assume, but the rate of the increases is alarming. Three consecutive rises, three more attempts to subdue the good old inflationary influences and already, people are beginning to question the market. Are we heading for a mini USA (dare I say it) "sub-prime-like" offloading? Possibly...I am looking at discounting one of my properties, just to free up some cash flow, but still....people are buying...the new trend feature on realestate.com.au (which as an investor I absolutely love) is showing increased interest in properties across Australia. So a dilemma....should I wait, with minimal cash flow, or discount and sell....just to have better SANF.
Labels:
interest rates,
market commentary,
re.com.au
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