When will the rate rise stop?

[Brendan]

What do you think is going to happen in the Oz property market, do you think rates have started to hit their peak?

I know in the UK and the US rates have started to drop, how long do we think it will take for our rates top start going backwards..?

[DarkLight]

Who knows? However one thing for sure, is with the recent goings on in the US, its only a matter of time before we feel the repercussions here, it's just a matter of how strong our economy remains... added with such happenings like Centro, it could be sooner than later.

As long as the economy is strong they will not lower interest rates.

[gerryonline]

Yes good point, it also depends on how Rudd plays the game, Johnny Howard helped bring our economy into what it is today, lets hope everyone has the same faith in Kevin Rudd.. if they dont then who knows what can happen

[bderich]

Interest rates will probably continue to rise over the next 12 months due to the fact that the US economy is in a downturn at the moment. basically, the better the aussie dollar does against the USD, the higher our interest rates will be to curb spending. and its not largely inpart due to the fact the aussie economy is so strong (it is steady), but because the USD is weaker against most major currencies. what Rudd will need to do is find a way to counter the problems that most home owners and banks have faced in the US over the past 6 months (record property foreclosures, home prices dropping 60% in some areas).

[itycoon]

Well in the US the main reasons why our prices are dropping is because home owners are not able to pay their mortgages. And banks loan a lot of people money that did not qualify for it. If that is what is happening in Australia than I think a housing bubble is going to burst sometime soon.

[rosshill]

Does anyone know a real estate tycoon? Ask them what they think and let us know here :)

[Brendan]

give me 2-3 years.. and I'll be one.. ahaha