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only a rort if your not in it called pass the parcel...dyor

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Thejerry01

8,034 Posts.

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27/08/24

17:50

Post #: 75400384
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Originally posted by Esmer: ↑

The RBA appears to be determined to keep interest rates low. It is not just pollies who hold real estate portfolios. Also RBA staff. IMO, a massive conflict of interest. Low interest rates make property portfolios more profitable - lower interest payments, higher capital gains as property prices rise, and higher rental yields because rents rise as property prices rise.

If inflation rises again, I think that the RBA will find a way not to raise rates. For example, they might raise their inflation target to 3.5%. The RBA's inflation target is already 50% higher than for comparable central banks, and as far as I know there are no politicians who have ever questioned this highly questionable anomaly.

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only a rort if your not in it called pass the parcel...dyor

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