Hi Chris White
May i ask where you sourced that information….
Cheers
SGInformation was sourced from various places.
Financial Review – (on-line subscription)
ABS – Information is free
Mortgage & Finance Monthly Brief (subscription)
RBA website – Free
Various finance industry daily e-updates (subscription)
Industry seminars and updatesCan be dry reading however, it keeps your finger on the pulse.
Chris White | Pillar Property
http://www.pillarproperty.com.au/
Email Me | Phone MeThe Property Investment Specialists
Hi Chris
Thanks for that and well done to bring that together from various sources.
Cheers
SGInterest rate rises take time to have an effect – especially when banks are still throwing credit cards at people and the old 4 year interest free loans are around.
We are starting to see the affects of the latest rounds of increases now.
We live in a capitalist society, whilst the government spruiks about historically low unemployment – not necessarily low underemployment – they are prepared to accept that up to 6% or 7% is acceptable to control a burgeoning economy. Too bad if you are in that 7%. We have ourselves to blame for this buying things today with tommorrows money. At some stage there is a day of reckoning.
If the interest rates rise again, hold onto your hats, the rollercoaster will take off (down rather than up). There is classic signs of a teetering economy (albeit 2 speed economy) – debtor payments to businesses getting longer, loan payment defaults increasing, closed signs on businesses increasing, property listings up, property sales down, sharemarket volatile.
NOW of course if you have been prudent over the binge cycle there is great opportunities arising, properties more accessable (in some areas) and shares in quality companies at more realistic prices and better percentage income returns.
Survival of the fittest – have you been doing your training!
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