The expert consensus is for rate hikes ahead. However, taking the contrarian view, I actually expect the RBA will be forced into another embarrassing back-flip, just like they were in 2008, and cut rates during 2011 as they follow the market down.
Crucially, with everyone expecting rate rises ahead it will have the same affect on the market (ie. scare off potential buyers) as an actual rate hike. Then when it's too late to save house prices from falling further, the RBA will re-act belatedly by slashing rates in what will only appear a very desperate act.
