the current suggestion by the RBA is that rates are likely to remain on hold for some time to come,just what i had anticipated,next the chinese will push their domestic rates up,the US dollar will probably strenghthen and the neverending whitegoods sales will probably slow,the price the chinese are prepared to pay for iron ore will get hammered the balance of payments will probably improve and our rates might well be on hold for 18months or more,while the US dollar resurges.
meanwhile back in australia new homes are unlikely to be cheaper although the type of dwelling in transit corridors might be more affordable
