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    Will the RBA increase interest rates?

    Home » Will the RBA increase interest rates?
    By Michael
     Posted June 3, 2011
     In Economics & Finance
    Will the RBA increase interest rates?2011-06-032014-05-07https://realteam.com.au/wp-content/uploads/2015/07/realteam_buyers_agents_logo_header.jpgRealTeam Buyers Agentshttps://realteam.com.au/wp-content/uploads/2015/07/realteam_buyers_agents_logo_header.jpg200px200px
    1

    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

    Economic commentary, residential buyers
    Michael
    Michael
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    Comments
    • Linkin Yang August 3, 2011
      Reply

      Hi,

      My wife and I are looking for a house or townhouse at the moment, we are not very sure which suburbs is more suitable for us. Our range is 350000 to 450000, we have the first payment (20%), but our income is a bit low at the moment (I got $37000/year, my wife 25000/year). We want to hear some opions from the expertises.

      Also, we would like to know the prices of your services or how it works?

    Leave a Comment
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