View Poll Results: Which way do you think rates are going.
Up
6
42.86%
Same
8
57.14%
Down
0
0%
Voters: 14. You may not vote on this poll
Interest Rates
Mar 30th 2004, 6:54 am
#1
Thread Starter
Joined: Aug 2003
Posts: 11,149
Interest Rates
It is wonderfully exciting time when the markets start trying to pre-empt next weeks rate decision. In the guaranteed scientific expats poll method we shall decide which way they are going.
http://www.theaustralian.news.com.au...5E1702,00.html
Rate talk buoys currency
March 30, 2004
THE Australian dollar firmed today buoyed by stronger-than-expected economic data that reinforced another interest rate hike was still on the cards.
At noon (AEST) the Australian dollar was trading at $US0.7488/91 compared with yesterday's close of 0.7450/60. In morning trading the local unit has traded around a low of $US0.7465 and a peak of 0.7505.
The Australian Bureau of Statistics today reported building approvals rose 3.2 per cent in February.
The figures compares to market expectations of a fall of between 3 to 4 per cent.
The above may all be bolloxs
http://www.theaustralian.news.com.au...5E1702,00.html
Rate talk buoys currency
March 30, 2004
THE Australian dollar firmed today buoyed by stronger-than-expected economic data that reinforced another interest rate hike was still on the cards.
At noon (AEST) the Australian dollar was trading at $US0.7488/91 compared with yesterday's close of 0.7450/60. In morning trading the local unit has traded around a low of $US0.7465 and a peak of 0.7505.
The Australian Bureau of Statistics today reported building approvals rose 3.2 per cent in February.
The figures compares to market expectations of a fall of between 3 to 4 per cent.
The above may all be bolloxs
Mar 30th 2004, 7:01 am
#2
Thread Starter
Joined: Aug 2003
Posts: 11,149
Something else of note is the change in sentiment on new approvals. That has now reversed which is good news for builders and not for those building.
Mar 30th 2004, 7:07 am
#3
Next stop Gold coast
Joined: Jan 2004
Location: Somewhere in Midwales
Posts: 625
Hope so ..would help to reinforce housing market down turn !
all the best plum
all the best plum
Mar 30th 2004, 7:09 am
#4
Thread Starter
Joined: Aug 2003
Posts: 11,149
Originally posted by plumber
Hope so ..would help to reinforce housing market down turn !
all the best plum
Hope so ..would help to reinforce housing market down turn !
all the best plum
Mar 30th 2004, 7:15 am
#5
BE Enthusiast
Joined: Jan 2004
Location: Melbourne
Posts: 400
If you are a betting man check out http://www.betfair.com then click on Financials, Interest Rates, RBA & April RBA. No change is odds on favourite with a 0.25 hike the only other realistic outcome.
Mar 30th 2004, 7:43 am
#6
Guest
Posts: n/a
91% of an Investment property forum feel that OZ interest rates will remain unchanged in April.
and 58% of them feel that property prices "nationwide" will go up between 1% and 10% pa.
I just hope that the 4% who think property prices will DROP by an average of 26% per year for the next 3 years are wrong !! That would make my $500k property only worth $200k by 2007
My feelings for Interest rate are "No Change"
For property prices:
Sydney: Stagnant or maybe +/- 5% this year, the 5% growth for the next year.
Brisbane: Average 10% pa growth for next 3 years.
and 58% of them feel that property prices "nationwide" will go up between 1% and 10% pa.
I just hope that the 4% who think property prices will DROP by an average of 26% per year for the next 3 years are wrong !! That would make my $500k property only worth $200k by 2007
My feelings for Interest rate are "No Change"
For property prices:
Sydney: Stagnant or maybe +/- 5% this year, the 5% growth for the next year.
Brisbane: Average 10% pa growth for next 3 years.
Mar 31st 2004, 6:01 am
#7
Thread Starter
Joined: Aug 2003
Posts: 11,149
http://www.smh.com.au/articles/2004/...?from=storyrhs
Surprise housing figures leave boom or bust question in air
By Matt Wade
March 31, 2004
Australia's housing boom refuses to die, with figures revealing a surprise surge in new approvals for the overheated unit market.
New building approvals defied expectations and rose 3.2 per cent in February, powered by a 17 per cent jump in apartment approvals. There was a 31 per cent increase in unit approvals in NSW, with an extra 700 apartments approved in Sydney.
It was the first rise in building approvals for five months. It left economists divided over the future of the housing market.
Some said a 3.1 per cent fall in approvals for private houses, also revealed in the Bureau of Statistics figures, provided further evidence that the anticipated housing downturn has become entrenched.
Master Builders Australia's chief executive, Wilhelm Harnisch, said the rise in building approvals painted a false picture of the housing market. "The boom is over," he said.
The Treasurer, Peter Costello, said the housing market was slowing. He said a plateau in the housing market "would be in the longer-term interest of the Australian economy".
But some economists believe there is still considerable strength in the new housing market. A Commsec senior analyst, Craig James, said private house approvals were still growing at a rate above their long-term average. He said builders were working through bulging order books.
Surprise housing figures leave boom or bust question in air
By Matt Wade
March 31, 2004
Australia's housing boom refuses to die, with figures revealing a surprise surge in new approvals for the overheated unit market.
New building approvals defied expectations and rose 3.2 per cent in February, powered by a 17 per cent jump in apartment approvals. There was a 31 per cent increase in unit approvals in NSW, with an extra 700 apartments approved in Sydney.
It was the first rise in building approvals for five months. It left economists divided over the future of the housing market.
Some said a 3.1 per cent fall in approvals for private houses, also revealed in the Bureau of Statistics figures, provided further evidence that the anticipated housing downturn has become entrenched.
Master Builders Australia's chief executive, Wilhelm Harnisch, said the rise in building approvals painted a false picture of the housing market. "The boom is over," he said.
The Treasurer, Peter Costello, said the housing market was slowing. He said a plateau in the housing market "would be in the longer-term interest of the Australian economy".
But some economists believe there is still considerable strength in the new housing market. A Commsec senior analyst, Craig James, said private house approvals were still growing at a rate above their long-term average. He said builders were working through bulging order books.
