Friday, September 24, 2010

Rate rise "near certainty"

The upcoming review of interest rates by the Reserve Bank is seeming a near certainty that the rates will go up. The general feeling in the real estate market seems to be of some apprehension. Buyers are not rushing back into the game and sellers are struggling to close deals. One thing that may save homeowners from a rate rise may be the Australian dollar which has not stopped its advance on the USD and GBP in the last few weeks.The AUD has gone up 7c against the USD just in September.

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