http://www.smh.com.au/articles/2004/07/28/1090694005162.html?oneclick=true
Inflation’s up .5% in this last quarter, due mostly to oil price increases *gasp*. Whilst inflation’s still in the mid-range of the RBA’s acceptable Band, the .5% increase is quite something for a quarter.
Any implications for the RE market?
kay henry
interest rates up!
Interest rates up – not likely
Full CPI details are here: http://www.abs.gov.au/Ausstats/[email protected]/0/938da570a34a8edaca2568a900139350?OpenDocument
A good paper about interest rates & how they’re unlikely to move for awhile here: http://download.hsbc.com.au/markets/anzweekly/oz040726.pdf
It also talks about how we’ve actually already had the soft landing for property….I guess the doomsayers should put their placards away for a few months.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.– Jan L.A. van de Snepscheut
Hey Aceyducey,
you’re the man (or woman)[king] — once again brilliant advice. Have you ever thought of writing the definitive book on real estate[thumbsup2]
Keep the knowledge coming.[grad]
Your Number 1 fan [blush2][blush2][blush2]
Does CPI really matter interm of property investing? I know it does effect, but I never care……..information overload…
Kind regards
Jet Dollars
[Retire Young, Retire Rich]
Share Investing Forum: http://www.aussiestockforums.comOriginally posted by kay henry:Inflation’s up .5% in this last quarter, due mostly to oil price increases *gasp*.
kay henry
Oil tops $43 for the first time ever
http://cbs.marketwatch.com/news/story.asp?guid=%7B5825C39B%2D1CA2%2D4684%2DA2C1%2DCA253B0C50CA%7D&siteid=mktwCheck this out!
http://tradingforaliving.netfirms.com/household_debt.htm
It’s a chart of consumer debt as a % of GDP since 1964.
I’m still a bear!
Oil may be at $43, but in real terms is only around 50% of the level during oil price shock times.
Lots of blue sky there still.
Stay a bear Wayne, we need people like you to buy from.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.– Jan L.A. van de Snepscheut
Wayne
I had a look at your graph. Thats why we need to be conservative and make sure that we can afford to keep our properties if interest rates rise. It no good borrowing too much. Its all the more reason why we need to save a sufficient deposit before making another purchase.
Hi all
Kay i i’m not sure i agree with the comment that “.5% is quite an increase”. This is well within what the RBA would be hoping for and i think they would be very happy with the results.
As far as implications for the Property market, the immediate and biggest one is interest rates. the RBA has always said that there is no need to increase interest rates if there is no Inflation the CPI at 2.5% shows there is no inflation at the moment. But High fuel costs can trigger large cost increases, so they will be watching that in future months.
regards westan
I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database
Originally posted by Aceyducey:Oil may be at $43, but in real terms is only around 50% of the level during oil price shock times.
Lots of blue sky there still.
Yeah agree! Just a bit of sensationalist reporting
Stay a bear Wayne, we need people like you to buy from.Sorry mate, I’m not a seller. Future buyer though.
Cheers
You must be logged in to reply to this topic. If you don't have an account, you can register here.
