The Feds say Interest rates UP!!

Jan. 8, 2010 - PRLog -- Cannot help but add my 2 bobs worth of "insight" in the recent decision of the RBA to lift Interest rates.

Yesterday on the" Australian" the Industry savvy were forecasting another Interest rise before the end of December, (Thank you! Merry Christmas to you too!!), because it looks like, the economy is "Hotting" up and the Oz Dollar might reach parity with the Yankee dollar!!
I cannot understand what's going on!! In the past couple of years we had one so called "crisis" after the other, first The "Inflation" spectre, then we had the "Financial Crisis" ghost, now it's the parity with the dollar and every time all these alarmist comment and actions from all side of the political, economic and media spectrum.

At every turn they raise the "Interest Rates" bogey-man, what's the agenda? Any comments??
I'll be grateful is somebody could enlighten me!!
Feels like they have all decided that the populace is best controlled when they live in constant fear!!! I'm sure that for the majority is not the case, I think that people are getting a bit wary of the continuous "crying wolf"! Nevertheless it's always at the back of their mind just in case somebody is right!!
As far As I am concerned and quite a few of the people that I talk too, it's a lot of nonsense, the sky has not fallen in, and it will not, markets, that being shares, wholesale, financial or general import/export are still very buoyant, they had they're own ups and downs but nothing more then the usual. Even Real Estate is pretty steady.

The Million Dollar question... is it a good time to buy? Consider the next couple of paragraphs: First home buyers still get $14,000 if they buy a new home and $10,500 if they buy a previously occupied home Interest rates have gone up slightly (I've seen somewhere that the rise is equivalent to about $40.00 P/M on a $300,000 Loan). They are still a hell of a lot lower than they were 20 years ago (remember the 14, 15 and 16%??) For investors, rental returns are very good and more importantly, occupancy rates are very low. There are still some very good buys around, from pre-loved units and houses to brand spanking new subdivisions, unit complex and residential houses!! Whether you are buying or selling Chris and the Team at Mareeba First National are the best to help you! Give us a call or send us an email - we would love to hear from you.

http://www.mareebafirstnational.com

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