house price will increase by 40 percent, page-67

  1. BruceRobertson
    5,881 Posts.
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    30/03/08
    15:03
    Post #: 3522394
    Baron1,

    The RBA has effectively lost control over interest rates, australian bank interest rates are governed by what the banks can borrow money at overseas. If I was an overseas investor I would be reluctant to lend money into the most overpriced housing market in the world. Interest rates will stay stubbornly high imo.
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    lightbulb Created with Sketch.  Great analysis
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