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Rank: Advanced Member
Groups: Investor
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Joined: 1/13/2009
Posts: 44
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Well, another 1% off the interest rate - the banks seem to be passing it on, though CBA is still reviewing it. Will this kick start the housing market? I hope not just yet - I want to get on the Ladder! But seriously, the banks need to ease up on the requirements aswell as this rate cut or they will just hinder the market... http://www.news.com.au/b...5002386-5016110,00.html
Mark
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Rank: Advanced Member
Groups: Administrator
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Joined: 1/25/2009
Posts: 42
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Banks..... no comment
I think they will all end up passing it on as the government is puting presure on them to do so. Plus I know some of the banks have already passed on the rate cut which means if the remaining banks want to remain competative then they will have to pass it on.
I know a little off the topic but did you see the CBA share price go up by about 9% as they released better than expected results. I think that just shows how over stated the economic crisis is at the moment. I am glad I had shares in CBA at the moment.
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Rank: Administration
Groups: Administrator
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Joined: 1/12/2009
Posts: 173
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Oh I am loving this at the moment.
I must find the cash to go and buy some investment properties, they are all going to be positively geared at this rate.
I will let you guys know once I have rerun the positive gearing calculations on all properties again in my main search, its just finishing off gathering the latest rental prices for each suburb.
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Rank: Advanced Member
Groups: Administrator
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Joined: 1/23/2009
Posts: 49
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Still no joy, with banks relaxing the stipulations..
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