Investors flock to QLD as vacancy rates stay ridiculously low
Showcasing the popularity of Queensland as an investor haven, new investor loan commitments in the state reached $1.86 b...
Interest rates are expected to remain on hold for the foreseeable future.
But while rates remain on hold for now, NAB’s chief economist Alan Oster says the RBA will inevitably raise rates again before the end of the cycle.
“Interest rates will peak at 5.5 per cent by mid 2011 and inflation will be revised up to 3 per cent before year’s end,” Mr Oster said.
Interest is the amount of money charged by a lender or financial institution for a loan, which is calculated as the percentage of the principal amount paid over the loan term.