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The beagle abode is an online weekly Eurobodalla real estate guide showcasing the current Eurobodalla market and our many realtors.

The beagle abode is the new addi on to the South Coast Beagle that owns The Beagle and the South Coast Travel Guide: The Nature Coast of NSW : from Durras to The Tilbas

The Beagle Abode has been established to provide that service while also providing our readers with a glossy overview of latest proper es on the market each week.

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South Coast Property Specialists (Carlene Franzen) Tips #1154:

It’s S ll Not Time to Celebrate, But It Is Looking More Promising

There was a communal sigh of relief as once again the majority of “so called analysts” were wrong and the reserve bank (RBA) decided to leave interest rates on hold (I wonder how many of these analysts get to keep their jobs?).

Managing the Australian economy is a real ghtrope affair and the big problem the reserve bank has is the lead me it takes for decisions to take full effect. As many people would realise, the RBA is trying to reduce infla on back from around 7% into the magic 23% range. However, most “analysts” say that it is approximately 6 months a er a rate decision that the full impact is realised. So, if the reserve bank con nues to push too hard on rate increases, they run the serious risk of driving the country into recession in 6 months me.

So, what is happening with infla on? Well, it’s coming down but no one is quite sure if that is happening quickly enough, so on this occasion the RBA has decided to pause its rate increase program, for this month at least so they can reassess next month a er new data becomes available to them. This week the AMP published their predic on of what is happening with infla on based on many factors (shown in the chart below) that they consider to be significant. The blue line in the chart clearly shows infla on heading back towards zero, which (fingers crossed) is excellent news and hopefully is coming from an “analyst” that will be correct in their predic on.