Australia housing bubble

[Yellow_Festiva]

Originally Posted by Citroënbender

How far up are term deposit interest rates likely to go? It’s been a quantum shift in twelve months, can get 3,25% on $5K or more without trying - compared to barely 0,25% a year back.

All my cash is in 'at call' style accounts - as of the most recent rate rise I'm averaging roughly 2.5% pa.

Won't fix anything as I will eventually look at buying another place but will stick to my guns and wait till Jan or Feb of next year.

There are still clowns expecting top dollar for their places and have not factored in the current market situation.

I think a few more rate rises will fix that mentality for them.

I'm in the unique position where I'm semi-retired and relying on interest from my savings as well as looking to buy a house to live in and rising interest rates are helping my situation on both accounts.