Contrary to the industry predictions that interest rates could look northward by September, the National Australia Bank (NAB) suggests that rates are not likely to move until 2015’s last quarter. John Batsick reports for an article on the website The Adviser.
Australian property market may not catalyse the upward movement of interest rates, believes NAB. The momentum will definitely come but in the last minutes of 2015 and it will be due to the repercussions emanating from the US federal reserve.
A flurry of foreign investments might also be among the pleasant impacts of the Federal Budget.
You can read the original article here.
What is your prediction on the interest rates?
In the property cycle which commenced in the month of June 2012, prices have attained really high proportions in the last 9 months or so. An article on the website Smart Property Investment talks about how Sydney has superseded its previous peak by a staggering 15.8%.
Out of the 43,963 home loans financed in the month of January, 28% of loans have been sought by borrowers in NSW. Close on their heels are borrowers from VIC, standing at 27%. In an article for the website realestate.com.au, Venessa Paech informs us on the borrowing habits of the Australian citizenry.
Venessa Paech feels we are not imagining things if we are feeling a little squeezed out living in Sydney or Melbourne. In an article for the website realestate.com.au, Miss Paech informs that these two cities have found their way to the list of top 10 most expensive cities in the world. While Melbourne is in a tie with Caracas and Geneva for the 6th place, Sydney ranks one step above.
