Westpac expects interest rate to come down in 2015. This is a bipolar change from what they had previously anticipated for 2015, reports Simon Frazer for the website abc.net.au. Experts feel that GDP is the main reason why rates can only fall from here on and that too in a very short time from now.
Westpac is not in the habit of changing its predictions but over the last half year or so, a lot of things have converged; none being more important than decline in terms of trade, weakening consumer sentiment, inflationary pressure (very benign though) and contraction in growth of states (except NSW).
You can read the original article here.
Damian Collins writes a piece about damaged fences in an article for the website Property Update.
If the Sydney 
Pete Wargent, in his inimitable style, produces another thought-provoking piece for the website Property Update. In this article he talks about 4 housing trends which may establish themselves till 2020; few of them easy to soak in while a couple more peculiar than others.
In an article for the website Property Update, Cameron Kusher writes that in purely ‘nominal’ terms, home values have risen by 9.3% leading up to September 2014. In ‘real’, inflation-adjusted terms, this growth has been 6.8%. Inflation is quite an integral part of the discussion. Let us find out a little about this significant aspect.
