Comments on: Inflation hitting the back pocket

By: Rodney Munch

Rodney Munch — Tue, 02 Sep 2008 19:21:32 +0000

For those that didn’t see interest rates were reduced last night!

By: T-Bone

T-Bone — Mon, 01 Sep 2008 05:11:28 +0000

State governments need to be careful if they were to consider abolishing stamp duty. Yes, this would increase investment in the property market but it will push the price of housing up to a level which is out of the reach of the normal person in Australia.

The good thing about the last housing boom is that wages were increasing at the same time. But if we have a situation where wages are decreasing but there is a flush of investment in the property market, it isn’t a good situation for home buyers

By: John Crabbie

John Crabbie — Mon, 01 Sep 2008 00:35:35 +0000

It is more of a state goven’t issue.

If state goven’ts oblished stamp duty and land tax investing in the property market would be more attractive. At the moment their is no encouragement for investment because of the high taxes which are applied. Investors are better buying shares, investing in hedge funds or property overseas.

State goven’ts are too greedy even when most of them and the fed goven’t are from the same party.

By: Mark

Mark — Sun, 31 Aug 2008 04:24:43 +0000

I am of the opinion this proposed interest rate reduction is too late. The property market has been sluggish for the past 18 months and consumer confidence has being reducing all year. You will start to see the unemployment rate increase over the coming months as many businesses begin to layoff staff and stop employing. Interest rates should not have increased earlier in the year.

By: JaneH

JaneH — Fri, 29 Aug 2008 21:52:13 +0000

I hope this kick-starts the market and creates some interest from buyers.

By: T-Bone

T-Bone — Thu, 28 Aug 2008 03:20:38 +0000

The Federal Government won’t do anything but the RBA will as they decrease interest rates next month, lets just hope that the banks pass on the interest reductions.