Hi all,
I’ve heard many times lately about 8% interest rates being the point where investors/home-occupiers will feel the pressure and things will start turning around. My question is, when it says 8%, does this refer to the Standard Variable rate that banks use as an index or does this refer to the RBA rate (which is currently at 5%)???
Thanks in advance,
Mike
Standard Variable Rate that the banks use.
cheers
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”i remember buying my first IP- which i regret selling years later, and intrest rates were at 13.5% also remember the bad old 17% days.
David kosch on Sunrise CH7 was talking about how the reserve bank feels comfortable at 5.5% and at the moment they’re below that ( 5%)and the economy is picking up… reminds me of the “cycle chart” for all investments- the wheels turning
REDWING
“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”
Thanks s.i.s
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