Boom Still Strong in Queensland
Posted
@ Jul 15th 2004 10:58am
- By GCPN Property Network
Economic boom may keep rates low, a panel of 20 leading business and economic forecasters, brought together by The Age newspaper has found Australias current economic boom is set to continue for at least another 12 months.
For home buyers this is great news because it means interest rates will probably only be lifted by a modest quarter of a percent either late this year or early next year.
According to the panel this would see variable interest rates rise to around 7.3% compared with the current variable rate of 7.03%.
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