I am no financial wizard, but here are my thoughts.Under Keating...

I am no financial wizard, but here are my thoughts.

Under Keating they were the highest I believe.

Under Rudd they are the lowest.

People and business need stable interest rates to plan their future.

Too High,and inflation is going rampart and need to put the brakes on to cool economy.

Too low, then economy is dieing and needs to be boosted as it is now.

Caution for first home buyers, now is possible a good time to buy, however it is inevitable that in the future interest rates will rise.

Make sure you can afford higher interest rates in the future, or you will lose your home and deposit.

In Keating era I rented my house out to a young couple that lost their home and money to the banks, thanks to high Interest rates in the high teens.

A good Government should keep interest rate steady, as every thing is balanced with no surprises.

Labor doesn't appear to do that.

Off cause very low interest rates means slow economy and lost jobs as we have now.

If you don't have a job, doesn't matter how low interest rates are, you will default on your loan and lose your home.


Rudd and Labor can't talk themselves out of problems they behave themselves into.

cheers,

sypaladin