So thinking whether to fix or float it’s a question of how much exposure to high rates one can afford. Or will the savings of lower variable rates now offset fixing and the higher rates to come?
The Early Signs Of A Recovery The closing bell today showed the share market rose more than 1 per cent to a seven-month high, led by property stocks after data regarding the Australian economy was released today. The figures out today now show Australia is expected to narrowly avoid a technical recession, defined as two Read more about Recovery In Sight[…]
he Budget was released tonight with lots of mixed reactions.
All round though is the negative reaction to the projected deficit of 57.6 billion.
This is an Australian record and statistics show this will not be paid off for over two generations!
Interest Rates To Go Down? The Announcement was made today by the Australian Reserve Bank that interest rates are on hold at 3 per cent, as most expected. During the board meeting today, the Australian central bank decided not to cut interest rates. Most economists were expecting the cash rate to remain unchanged at a Read more about Interest Rates To Fall?[…]