MEDIA
If it wasn’t bad enough that the Reserve Bank of Australia (RBA) went way too far with 12 consecutive interest rate rises (hurting those who could least afford it), it’s no longer the RBA we need be concerned with. Now our so called customer focussed ‘big four + one’ banks are at it again . . . raising interest rates independently of the RBA.
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The proliferation of recent newspaper headlines such as It’s A Buyers’ Market; Home Repossession Rates Skyrocket and Interest Rate Increase Causes Slump in the Property Market,suggest that now is not a good time to buy real estate. Many commentators are saying the market is down, sellers are lowering price expectations and as a result now is a good time to remain ‘on the side-lines’.
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