Debt Rattle August 2 2016
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[See the full post at: Debt Rattle August 2 2016]The Australian perspective….. reality here – and the rest way the heck over there…..
The Reserve Bank states the Aussie property bubble is over !!!!! (Just because we say so, I guess??)
“Australia’s WTF Moment”
https://blog.australiaboomtobust.com/2016/08/australias-wtf-moment/Essentially, the central bank reduced its interest rates. Meanwhile, the 4 big banks RAISED their deposit rates. Obviously, they will have to raise their mortgage rates sooner or later or suffer from the reduced spread.
However, the property hucksters are telling people that interest rates are dropping further and that the market will boom more.
“Reserve Bank’s interest rate cut tipped to bring more buyers to property market”
Interesting times!
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