RBA's Next Decision? Mark Bouris & Stephen Koukoulas - Clip from Property Insights

[@turbyoulance]

I think we have to be absolutely see the end of the hikes before we talk about or theorize when the cuts start. There may still be another rate hike to get the inflation to between 2%< >3% .It still isn't there yet. Why they cant rise 15 basis points instead of 25 I don't know.Decision either way is due tomorrow on the 7th May 2024

[@robstone4537]

Everyone who went ahead and took a mortgage out with no research. Rates are still at historically low levels. We are never going back to the 2% we saw a few years ago. Get used to it.

[@kurt4566]

Say you know nothing about economics without saying you know nothing about economics. The rates might be ‘lower than they have been in history but when factoring in mortgage repayments as a % of household income, they don’t have to go to 17% for them to have a similar effect.

[@ekka6560]

I would not be surprised if rates get to 7% or 8%...

[@robertmallac8398]

Totally agree.

[@georgeorwell3501]

I wouldn’t be surprised by double digit interest rates eventually. The Fed is not finished destroying the middle class and poor. That is their goal. When the people are finally wiped out and have terrible credit scores, the money printing (borrowing) will begin and be given to the wealthy (banks) to buy all those assets like homes at rock bottom prices. By that time we are wiped out and unable to take advantage of these deals, the printing (wealth transfer) starts and inflation skyrockets.

[@JJ-mc8lu]

When you see cafes and restaurants full, you know that the rates at current levels are not working. Rates may need to rise!

[@josephj6521]

@@MrFastFarmeragree plus the AUD is too low.

[@jakkooll]

It’s an interesting economy. Agree cafes are full but I can tell you tradies are now starting to suffer. My take is cafes will start emptying out in the next couple of months.

[@josephj6521]

@@jakkooll why? I see the opposite. Cafes will get busier. Many retirees are using them and if interest rates rise, young people with savings and older people with bigger savings will spend.

[@mr_jdes]

The people who are going to restaurants and cafés are spending peanuts compared to other people who would be purchasing houses, cars, etc……they don’t have investment properties they don’t have their balls out with mortgages, they’re renting and enjoying the WEF model …… you will own nothing and be happy, that’s why they’re spending a couple hundred bucks here and there because they are only thinking about the here and now.

[@jakkooll]

@@josephj6521 young people with savings?? This doesn’t exist

[@prancer4743]

Thanks so much 🙏🙏🙏

[@c.s2001]

So, what I read from that is that Stephen is right on the Mark!

[@fuhrernithin2724]

I live near highpoint shopping centre . On most weekends I'd consider myself lucky if I found myself a parking spot at the shopping centre. No wonder inflation can't be curtailed.

[@WayneFisher-cs3et]

The rate cuts will never happen. Inflation is still there and will increase. Be careful out there who you listen to. If the inflation rate is at 3% I have some swamp land I can sell you for a bargain price of 4 million.

[@sandymartin501]

There will be a rate rise this year.

[@jessicasimonis1894]

Tax cuts and HECS rebate is going to boost spending from July, Israel/Iran tensions will drive up oil. The wealthy are still spending. Inflation will keep going up. At least 1 more rate hike + long term hold.

[@groundswell3673]

You can throw global shipping constraints in the Red Sea & Baltimore

[@LauraMoyaLocalMortgageBroker]

Hope RBA holds in May 2024. Further increases after already having 4.25% in the space of 2 years will see so many households struggle to make ends meet

[@wildflower7574]

Cut rates and increase the gst by 5%

[@josephj6521]

Australia’s interest rates are low compared to the rest of the world. The AUD is too low. There are many savers out there too, which spend spend spend more than those in debt. Strange interest rates haven’t risen further.

[@JosephGCampo]

1. Mortgage sizes are probably 1/3 of the $ we have in Australia 2. In the states they have mortgages of 1-2% for the entire life of the loan

[@vichetkim5533]

Hyper stagflation is what the interest rate policies are designed to do, no matter if they go up or down or stay as they are.

[@sunseeker7099]

If the Government keeps stoking inflation we can expect higher rates for longer. But the peasants want tax cuts and more hand outs? Well...the peasants need to understand that they can't have their cake and eat it as well 😂

[@HenryFamilyTheFirst]

Next move is up.

[@anitacohen8753]

Too late. Aussies have got used to a lifestyle that does not include rising interest rates! They are not about to change it! Ever wonder about the mugs trying to pay for something while using their mobile phones???? It defies logic. We cannot change.

[@jakkooll]

They will raise today just to put nail on coffin

[@samueldell5428]

This is already aging terribly! Rubbish chat, Kouk has no idea. Time after time he has got it wrong.