Westpac Lifts Rates by 50 Basis Points

Good on them, I dont bank with them.

Good for self funded retirees.

The betting exchanges use to allow betting on interest rate moves but a few years ago asic warned then that this could be view as derivative trading, and that they didn’t have a financial license.

You can put a bet on Betfair under Financial Bets. Current odds for the October meeting for 50 basis points or more is around $1.50.

I feel sorry for those pensioners that put there money in the bank , remember the 1920's money isn't safe in the bank .

Next month .25%

in the late 1990s my father sold his investment property because he worked out he would be better off with cash in the Bank, he sold the property for just under 500k, Today he has no money but the property he sold for under 500k has just sold for 1.9 million,

Lets…. have a look!

As a long time landlord, previously managing my properties myself I have a "nose" for financial hardship. If I was still managing my own properties I would be watching rent arrears very closely and preparing for the arduous eviction process.
The RBA has gone too far too fast, but they don't know it yet. I will bring forward my estimate of the next interest rate drop

Come on her majesty has been layed to rest and all you can obsess over is interest rates? We are only on this earth for a short term. It's very simple, if you can't afford it then rent, if you can afford it property is a great option in Australia.

Banks allways fix up

If you look at the past, RBA has always kept its cash rate higher than FED. RBA is not going to change it this time. FED is looking at 4.5% by mid-next year, thus RBA will have to go 5+%. That means Banks have to increase the rate to 7+%. That's why banks have put that there for 5yrs fixed. So, houses will have to go back to 2019 prices. According to CoreLogic, roughly 600K houses & units were sold during the peak year. People who bought during the 2017 peak survived the 2019 crash. They will survive this one too.