Backyard Aquaponics
A place to discuss aquaponics

I will give you 2 to one

They?

I don't remember voting in a bank.

Recession? exactly what is that, in terms of its controllers not its effects,?

Since most of us end up paying for an interest rate rise, ie debit, who gets the credit?

I would put economics slightly ahead of psychiatry but a long way behind say witchery in terms of reality.

pensioners sleepe

My loan comes out it's 5 year fixed term in October. I'm in for a massive payment increase, given that we fixed in at 6.3%.

I'll be staying with variable this time around. I'm with C1 on this one, particularly looking at what else is going on around the world.

4.5% PA (more than 100% better return in Au)diff between the US and Aussie. 7.25% -3.75%
I would doubt we have another rise before we see the downward trend.

The rate rise has not stopped new home owners or investors from buying though, we have had good sales at the office for February and expect decent ones for march, Esperance on the other hand have alot of listings and not many sales, this is good for buyers as they can negotiate from a stronger position.

A buyers market is re-presenting...

interesting...............maybe i'll wait and see................

Nothing can keep going up for ever.... The economy has ways of balancing itself out. Whether we like the way in which it does so or not.

Just like the housing boom cannot stay at is current level, it is not sustainable. Either the prices will come down or salaries would have to go up. There is no sense in having a growing nation where no one can afford to live anywhere.

Take this period to really look at what you are spending. Invest where you can... (silver is going up...hint, hint). Think before you buy that new TV, car or go on that expensive holiday...

Also try to keep our money in Australia. Don't take the low US Dollar ($1.06) as an excuse to go crazy buying stuff from the US.

Totally agree with what ur saying TC, what interests me is the housing in particular (like you couldn't guess) The housing boom here (kal) will still be happening for the next 5 years IMHO whereas other towns won't have it due to location of mines. I will also venture to say Albany's housing will start to rise due to the Welsted mine and another mine starting to the north east.
For people that are on the ball and don't mind a punt there will be plenty of opportunities in the future.

I now of a few people who where very, very glad that they fixed there interest rates before they went through the roof last time around (late 80's of early90's?).

THe banks are run by people who are just trying to get promotions and not get fired so naturally they try and make the most money for their employer.

Most of them are good enough at this that you will find that they don't have to market just one strategy effectively to make money. They will make money almost no matter what you do. For you to make more money of a bank then you have to be smarter than the people at the bank. That would be difficult for me to do consistently if at all.

Having said that it can be done. I know a guy who borrowed 1.5mil when rates were really high last time on a vairable rate and then he made a term deposit (with a fixed rate). Lossed at first but then made a tidy sum once the variable loan rate came down about 6 months later.

Also we don't want banks to be bad at making money. If you think that times are tough now when they are making mega profits look back in history at how bad things get when banks start to fold.

Hex has suggested the prime rate in the UK is about 5.25% so we here in Aussie have the highest interest rate in the world today.(developed nations)
Most countries are reducing their rates, to keep the market growing, we have an over heated property market, and a growing resource market but
new arrivals are coming here with plenty of money and are used to paying
more than we do for private property.
If you look at the property owners in europe verses renters there are more renters than owners.
The owners, own multiple properties but equity is what is keeping them in the property game.
I still see growth in the property market, but not mainstream.
Coastal and mine and tourism locations hold the best chance to grow.IMHO.

Your place is two out of three there C1 Talking up the market

Mere coincidence b2b

Nice to see you'r all taking a 'corporate' attitude to being " " up the " ".

C1
If pensioners are getting all the benefits from everyone else they are either (a) spending it, not actually controlling so called inflation or (b) Saving it, a supposed inflationary depressant. So which is it?
Then work out the cost to everyone and how many pensioners could benefit and what their profit would be. Then tell me its likely