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More rate cuts needed before it's a sellers market

Discussion in 'Real Estate' started by Jacque, 15th Sep, 2008.

  1. Jacque

    Jacque Team InvestEd

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  2. Billv

    Billv Getting there

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    Jacque

    I agree, we have a long way to go.

    I did some rough calcs and even with a 20% deposit and FHOG at current interest rate levels the difference between paying rent and owning a property is still big.

    IMO in order to see a significant change we will need interest rates to drop and wages to go up and this will take some time.

    Hopefully the RBA will continue dropping interest rates.

    Cheers
     
  3. Enough Tax

    Enough Tax Member

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    Hi

    IMO in order to see a significant change we will need interest rates to drop and wages to go up and this will take some time.

    Or prices to fall
     
  4. Mark Laszczuk

    Mark Laszczuk Well-Known Member

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