Will the RBA increase interest rates?

ANZ Research’s Australian Economics Weekly reported today, that data from the first quarter of 2011 “contained little to dissuade the RBA from tightening policy in coming months. It is now a question of timing. While our forecast remains for the RBA to lift rates in August, the market is underpricing the risk of a rate rise at both the July and next week’s meeting.”

What might this mean for anyone planning to buy Adelaide property in the near future?

It means – as always – that buyers should:

  1. look carefully at their current financial position,
  2. consider any near-term risks, and
  3. be sure to borrow and buy within their means.

With property prices ‘soft’ and even declining in some parts of Adelaide, the next few months look like presenting some relative bargains for residential buyers.

For more information, and thoughtful, objective input, contact RealTeam for more details

RealTeam - Buyer Agent in Adelaide
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