Log in or Sign up

Rates to rise, property speculation a 'mistake'

Discussion in 'Property Market Economics' started by Simon Hampel, 30th Mar, 2010.

Join Australia's most dynamic and respected property investment community

Simon Hampel Founder Staff Member

Joined:

3rd Jun, 2015

Posts:

12,415

Location:

Sydney

http://www.abc.net.au/news/stories/2010/03/29/2858966.htm

The governor of the Reserve Bank has warned against borrowing too much to buy property, saying interest rates are likely to keep rising this year.

In his first television interview as RBA governor, Glenn Stevens told Australians that investing in bricks and mortar was no longer an easy road to prosperity.

Mr Stevens normally talks to a select group of people, known politely as pointy heads - bankers, economists, politicians, journalists and a grab bag of interest groups.

However, today he found a new audience, telling Channel Seven's Sunrise program that he is just a regular bloke doing his job.

... (more)
Click to expand...

[audio]http://mpegmedia.abc.net.au/news/audio/pm/201003/20100329pm3-rba-alarmed.mp3[/audio]

[audio]http://mpegmedia.abc.net.au/news/audio/twt/201003/20100329-twt-04-rba-sunrise.mp3[/audio]

Last edited by a moderator: 17th Sep, 2016

Simon Hampel, 30th Mar, 2010

#1

(You must log in or sign up to reply here.)

Sponsors

Strategies to fight inflation and rate rises

Achieving debt elimination and increased income in a market cycle with rising rates. Alex Straker & Rolf Latham have helped clients achieve these goals for over 17 years. View our Property Chat reviews and book a free consult.

» Get our strategy

Australian Property Talk Podcast

Australia's favourite new property podcast, talking all things property, economics & lending with two ex-Treasury Economists. Tune in weekly to get live updates on the Aussie economy, what's happening in lending markets and on the ground

» Check it out >

Log in or Sign up

Rates to rise, property speculation a 'mistake'

Simon Hampel Founder Staff Member

Useful Searches