They will be very lucky to have rates at only 8.5% by the end of the year.
The world is slowly realising how to correctly price debt. Lenders are simply not going to want to lend money to a one-horse economy like Australia without being compensated.
10% at least by the end of the year, again regardless of what the RBA do.
- pug
ps: indeed where is that fella that asked everyone to predict interest rates and house prices by a certain date. Rawbaws??
