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After 2 decade property boom, inflation is getting worse in Australia, everything becomes so expensive. In order to bring down high inflation Reserve Bank of Australia has to increase interest rate several times. However rate hike will affect property market, 3 rate hikes of 0.25% each will cause property market drop 20%. 4 rate hikes will cause property market drop 30% as per Aussie financial analyst. The US Federal Reserve is going to increase interest rate 5-6 times this year, Australia will follow the same. Expected RBA will increase interest rate in July.
(This post was last modified: 18-03-2022, 10:19 PM by
lvlrsSTI.)
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Unlike other countries, Australia has not increased interest rate for the past 3 years, sudden rate hike will have big impact to property market.
(This post was last modified: 18-03-2022, 10:20 PM by
lvlrsSTI.)
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And they still have time to sanction Fatty Xi ….
KTV妹妹说，香港人无义，台湾人无情，新加坂人无智
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