We were definitely heading for another interest rate cut in November or December this year, however all signs are now pointing to our next interest rate cut being in February 2014.
Many economists are also forecasting an extra rate cut for May 2014.
With interest rates at an already low level we have seen the property market rebound significantly (which we have been tipping would happen for some time now).
The forecasted interest rates cuts should eventuate unless of course property prices really take off in an upwards direction at a much faster pace than currently.
Either way, for property investors this is all good news
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By Darryl Simms