ANOTHER rate rise!

[Slade]

Well guys, it looks like there is more pain for home owners with the RBA lifting rates 0.25% yet again:

This is now the 8th rise since March 2005

Using rate rises to slow the economy and in turn reduce inflation pressure obviously seems to work and it's no surprise that those areas in which first home buyers are already hurting will continue to do so... but what does this really mean for the ecomony, do we think raising the rates are actually going to slow things down?

Is it affecting your day to day business or lifestyle?

Rate rise 'a double blow' - National - smh.com.au

[gerryonline]

what does this mean for people who are looking to invest in property? does it mean there might be some shrewd deals to be made, or think it might be a little to expensive to buy at this stage?

[Carl Taylor]

it means gerryonline there are deals to be made

Banks are foreclosing on houses, people are selling quickly to pay off debts

However if you too are borrowing to purchase and may struggle to handle the higher rates then it will be a challenge.