Tuesday, May 05, 2015

RBA rate drop but $A goes wrong way

Interesting that the RBA dropped interest rates 0.25% today.......but the $A went up instead of down like it is supposed to.

Not sure what it means yet apart from......i'll hold of sending more money home until it gets to $1.30+ like the last set of funds we sent home.

oh and stay out of the Sydney auction market this weekend....calculator buyers will be out there over paying for at least the next month forgetting that a mortgage is for 25 years and not......this months rate drop. going to be a blood bath.

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