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Poll: What's your best cash rate guess for 2012?

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Australian Broker | 22 Jul 2011, 01:00 AM Agree 0
Banks are at odds over where interest rates are heading, but what do you think? What will the cash rate be at the end of 2012? Have your say!
  • mortgageandlease | 22 Jul 2011, 05:29 PM Agree 0
    This is my predictions for the 2011 / 2012 year. WA prices will continue to slide for another few months making it 18 months of continual decline and then it will bottom out.
    Eastern Seaboard property prices will continue to slowly decline over the whole year and probably bottom out at around 10%-12% fall.

    The carbon tax debate will rage on for a few more months until Labor and the greens will ram it through anyway, this will correspond with continuation of business confidence heading further south than Macquarie Island. The big retailers will continue with once in a life time sales (up to 99% discount) just to get shoppers through the door and finally.

    The reserve bank will be forced to drop the cash rate by a 1% over the period to stop Australia going into "a technical recession" (Which is different to recession we are already experiencing).
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