Got it wrong I did

Ohh well the RBA does what it says it needs to do. Up 0.25% or 25 basis points just a minute ago.

This should well and truly cool the housing market now.

 

Rates up today?????

Time will tell but those of us here are split on whether the RBA will or will not raise rates today. Personally I am hoping that the cooling we are seeing in housing will be enough to put the brake on the RBA for this month at least.

After all the RBA Gov said that if they had known the pullback had occurred in housing before the last rise they would probably have held off.

So who knows maybe this time they will heed their own advice!