Freer Property and Finance

We anticipated that Interest rates would not rebound as quickly as many Australian commentators predicted (See August 2009 post), due to slower company earnings coming out of the worst recession since the Great Depression. Our position has been vindicated with the RBA undoing the cash rate increase from November 2010 the following Melbourne Cup day last year. This was followed by another cut in December and more a likely this year with the protracted debt issues in southern Europe and a struggling retail sector locally.